Magnet — Student Work Placement Program
Highlights
The Student Work Placement Program is designed to support your business by providing wage subsidies for hiring post-secondary students. You can receive up to $7,000 per student, which can significantly reduce your hiring costs. This program helps you build a talent pipeline while offering students valuable work experience in their field of study.
Why Apply?
- Financial Support: Up to 70% of wages covered for underrepresented groups, and 50% for others.
- Easy Recruitment: Access to a vast pool of student talent through Outcome Campus Connect, reaching over 85 post-secondary institutions with a single job posting.
- Quality Placements: Align your business needs with students' academic programs, ensuring a mutually beneficial experience.
What's in it for You?
- Cost Savings: Reduce your payroll expenses while gaining fresh perspectives and skills from students.
- Talent Pipeline: Identify and train potential future employees, ensuring a steady flow of qualified candidates.
- Simple Process: The application process is straightforward, and funding is administered on a first-come, first-served basis, making it easy to qualify and benefit from the program.
Take advantage of this opportunity to enhance your workforce and support the next generation of professionals.
Financing Details
Type of Financing: Wage Subsidy
Repayment Terms and Interest Rates:
- There are no repayment terms or interest rates. This is a subsidy, not a loan.
Eligible Expenses:
- The subsidy can be used to cover wages for students hired for work-integrated learning placements.
Ineligible Expenses:
- The funds cannot be used for any expenses other than wages for the student placements.
Fees:
- There are no fees associated with this program.
Qualifications
- Must be a registered, Canadian business or not-for-profit.
- Must be willing to provide a quality work-integrated learning experience to a post-secondary student.
- Must be committed to paying the student for the role and have the financial capacity to pay the student for the duration of the placement in full.
- Must comply with all federal and provincial human rights and labour legislation, regulations, and any other relevant standards including the Occupational Health and Safety Act and the Employment Standards Act.
Where legally required, must be responsible for Workplace Safety and Insurance Board (WSIB) or alternate workplace insurance coverage.
Disqualifications:
- Federal, Provincial, Territorial, and Municipal Government entities.
- Hospitals and public long-term care facilities.
- Crown Corporations.
- Post-Secondary Institutions (PSIs).
- Financial institutions.
- Non-secular institutions (with some exceptions for secular WIL opportunities).
Description
This program offers your business a chance to receive up to $7,000 in wage subsidies for hiring post-secondary students. This can help you cover a significant portion of the wages, making it easier to bring in fresh talent.
Here's what you can use the money for:
- Hiring students for internships, co-op placements, or other work-integrated learning opportunities.
- Offsetting the costs of training and onboarding new student employees.
Funding details:
- 50% of the wages (up to $5,000) for each new placement.
- 70% of the wages (up to $7,000) for students from underrepresented groups, including women in STEM, Indigenous students, newcomers, and persons with disabilities.
This program is a great way to reduce hiring costs while gaining access to motivated and educated students. It helps you build a talent pipeline and supports your business growth.
Program Steps
Register on the Outcome Campus Connect Platform: Visit the Outcome Campus Connect Platform to create an account or log in if you already have one.
Post Your Job Listing: Use the Outcome Campus Connect tool to post your job listing. Ensure the job description is clear and detailed to attract suitable candidates.
Recruit a Student: Utilize the platform to find and hire a student for the Work-Integrated Learning (WIL) placement. You can target students based on region, school, and program of study.
Prepare Documentation: Gather the necessary documents for the application. You will need:
- Proof of business registration in Canada
- Job description and offer letter for the student
- Student's proof of enrollment in a recognized post-secondary institution
- Financial statements showing the capacity to pay the student for the duration of the placement
Complete the Application Form: Fill out the application form on the Outcome Campus Connect Platform. Ensure all information is accurate and complete.
Submit Supporting Documents: Upload the prepared documentation to the platform as part of your application.
Review and Submit Application: Double-check all details and submit your application. Ensure you keep a copy of the submission for your records.
Await Approval: The application will be reviewed, and you will be notified of the outcome. If approved, you will receive instructions on the next steps.
Administer Wage Subsidy: Once the placement is complete and all supporting documentation is submitted, the wage subsidy will be administered. Ensure you follow all guidelines for documentation and reporting.