The Graduate to Opportunity program is designed to help your business grow while supporting the local workforce. By participating, you can receive significant salary subsidies for hiring recent graduates. This means you can bring fresh talent into your team at a reduced cost. For GTO Grow, you get 25% of the first year's salary and 12.5% of the second year's salary covered. For GTO Innovate, the subsidy is even higher, with 30% of the first year's salary and 15% of the second year's salary.

What's in it for you?

• Reduced hiring costs: Save on salary expenses while bringing in new talent.
• Access to innovation: Hire highly educated graduates to drive your business forward.
• Diverse workforce: An additional 10% subsidy in the first year for hiring from underrepresented groups.

Qualifying is straightforward, and the application process is quick, taking just about two weeks for approval. This program not only helps you financially but also strengthens your business by adding skilled graduates to your team.

Type of Financing:

• The Graduate to Opportunity program offers a Salary Incentive, covering up to 35% of the annual salaries for new graduate hires.

Repayment Terms and Interest Rates:

• There is no repayment required for the portion of the salary covered by the program.
• Employers receive 25% of the first year's salary and 12.5% of the second year's salary for GTO Grow, and 30% of the first year's salary and 15% of the second year's salary for GTO Innovate.

Eligible Expenses:

• The funds can be used towards the salary of recent graduates hired into new, permanent, full-time positions that meet the salary criteria.

Ineligible Expenses:

• The funds cannot be used for expenses unrelated to the salary of the new graduate hires or for any other operational costs.

Fees:

• There are no fees associated with the program for employers applying for the salary incentive.

The Graduate to Opportunity (GTO) program offers a great chance for your business to grow and innovate by hiring recent graduates. GTO Grow helps you hire a new graduate for a permanent, full-time position with a salary of at least $37,500 a year. The government will cover 25% of the first year's salary and 12.5% of the second year's salary. This makes it easier to bring fresh talent into your team without a heavy financial burden.

GTO Innovate is designed for hiring recent masters or PhD graduates for innovation-focused roles with a salary of at least $60,000 a year. The program covers 30% of the first year's salary and 15% of the second year's salary. This support allows you to focus on activities like research, product development, and market analysis, enhancing your business's innovation capabilities.

Both programs offer an additional 10% subsidy in the first year if you hire graduates from underrepresented groups, such as Indigenous people, visible minorities, or individuals with disabilities. This not only helps you financially but also promotes diversity and inclusion within your workforce.

To apply for the program, follow these steps:

1. Review Program Guidelines:
Read the Graduate to Opportunity Program Guidelines to understand the requirements and ensure you are prepared.

2. Create a LaMPSS Account:
If you do not already have one, create a LaMPSS Account or sign in to your existing account.

3. Prepare Documentation:
Gather the following documents needed for the application:

• Detailed job description for the position you wish to fill
• T4 Summary for your organization
• Graduate Information Form
• Innovation Plan (for GTO Innovate applicants)
• Electronic Funds Transfer (Direct Deposit) Form

4. Describe Your Organization and Role:
Provide a detailed description of your organization and the role you wish to fill. Include specifics about the job responsibilities and qualifications required.

5. Complete the Online Application:
Fill out the online application form for either GTO Grow or GTO Innovate, depending on the position you are hiring for.

6. Submit the Application:
Submit your completed application through the LaMPSS portal.

7. Await Review:
Wait for the program to review your application. This process typically takes about 2 weeks.

8. Respond to Any Follow-Up Requests:
Be prepared to provide any additional information or documentation if requested by the program administrators.

By following these steps, you can successfully apply for the program and take advantage of the salary incentives offered.