WILWorks program — Student Work Placement Program
Highlights
This program is a fantastic opportunity for your business to gain financial support while hiring post-secondary students. By participating, you can receive up to $7,000 per placement, which can significantly reduce your hiring costs. This funding is designed to help you bring in fresh talent and offer more student positions than before.
What's in it for you?
- Financial Support: Up to $7,000 per student placement.
- Access to New Talent: Hire motivated and educated students who can bring new ideas and energy to your business.
- Simple Application Process: The application is quick and straightforward, with professional support available to guide you.
Being approved for this program can help you manage your budget more effectively while investing in the future workforce. The process is easy, and the benefits are substantial, making it an excellent choice for your business.
Financing Details
Type of Financing: Wage Subsidy
Repayment Terms and Interest Rates:
- There are no repayment terms or interest rates. This is a non-repayable subsidy.
Eligible Expenses:
- Wages for post-secondary students hired for work placements.
- Costs directly associated with the employment of these students.
Use of Funds:
- Funds can be used to cover up to $7,000 per student placement.
- The subsidy is intended to support the wages of students during their placement period.
Restrictions on Use of Funds:
- Funds cannot be used for expenses unrelated to student wages.
- Administrative costs, overhead, and other non-wage expenses are not covered.
Fees:
- There are no fees associated with applying for or receiving this subsidy.
Qualifications
- Must be a Canadian manufacturer.
- Must be hiring post-secondary students.
Must apply for funding through the designated third-party application platform.
Disqualifications:
- Applications for Summer 2024 placements (as the application period is closed).
Description
The program offers your business up to $7,000 per student placement. This funding can be used to hire post-secondary students, giving you access to fresh talent and new ideas.
The money can be used for:
- Wages for student employees
- Training and development costs
- Any other expenses related to the student placement
The funding is a subsidy, so you don't have to pay it back. This makes it a great opportunity to reduce hiring costs while investing in the future workforce.
By participating, you not only save money but also help students gain valuable work experience. This can lead to a more skilled and prepared workforce in the long run.
Program Steps
Visit the Application Platform: Go to the third-party application platform provided by the Excellence in Manufacturing Consortium (EMC).
Create an Account: If you do not already have an account, create one by providing your business details and contact information.
Complete the Application Form: Fill out the application form with accurate information about your business and the student placement you are seeking.
Prepare Documentation: Gather the necessary documents to support your application. You will need:
- Business registration details
- Financial statements
- Job description for the student placement
- Proof of previous student placements (if applicable)
- Any other relevant documents as specified by the application platform
Upload Documentation: Upload the prepared documents to the application platform as required.
Review and Submit: Carefully review all the information and documents you have provided. Ensure everything is accurate and complete before submitting your application.
Confirmation and Follow-Up: After submission, you will receive a confirmation email. Follow any additional instructions provided and be prepared to answer any follow-up questions from the EMC team.
Monitor Application Status: Regularly check the application platform for updates on the status of your application. Respond promptly to any requests for additional information.
Await Approval: Once your application is reviewed and approved, you will be notified of the funding details and next steps.