Work Experience PEI — For Organizations
Highlights
This program is designed for businesses like yours, offering a unique opportunity to gain financial support for hiring new employees. Why should you apply? This program provides financial assistance to subsidize a portion of wages for up to 52 weeks, making it easier for you to bring on new talent without the full financial burden.
What’s in it for you?
- Subsidized wages for new employees
- Up to 52 weeks of financial support
- No application deadline, allowing you to apply when it suits your business needs
This program offers a straightforward application process and quick response times, ensuring you can start benefiting as soon as possible. By participating, you can enhance your workforce, improve productivity, and contribute to long-term employment opportunities in your community.
Financing Details
Type of Financing: Wage Subsidy
Repayment Terms and Interest Rates:
There are no repayment terms or interest rates associated with this wage subsidy. The funds provided are not a loan and do not need to be repaid.
Eligible Expenses:
The wage subsidy can be used to cover a portion of the wages for a new employee who lacks work experience. This includes:
- Salary or hourly wages
- Mandatory employment-related costs (e.g., CPP, EI, vacation pay)
Use of Funds:
The funds can be used specifically for:
- Wages for the new employee up to a maximum of 52 weeks
Restrictions on Use of Funds:
The funds cannot be used for:
- Overhead costs
- Equipment purchases
- Training costs not directly related to the employee's job duties
Fees:
There are no fees associated with applying for or receiving this wage subsidy.
Qualifications
- Must be a non-profit organization.
- Must be hiring a new employee who lacks work experience.
- The project must be short-term.
- Must provide a detailed job description including job duties, education requirements, and a timeline of training activities for the new employee.
Must provide contact information for the new employee.
Disqualifications:
- For-profit businesses.
Description
This program provides financial support to help your business grow. You can receive funding to cover a portion of wages for a new employee for up to 52 weeks. This is a great way to bring in fresh talent and give them valuable work experience.
You can use the money to:
- Hire a new employee who lacks work experience.
- Cover a significant part of their wages for up to a year.
The benefits to your business:
- Financial relief: Reduce your payroll costs significantly.
- Skill development: Your new employee will gain essential skills, making them a valuable asset to your team.
- Long-term potential: This program can help you find and train employees who may stay with your business long-term.
There are no strict deadlines for applications, so you can apply whenever you need. This flexibility allows you to plan and hire according to your business needs.
Program Steps
Complete the Application Form:
- Fill out the Work Experience PEI Application for Organizations form. Ensure all sections are completed accurately.
Prepare Documentation:
- Detailed Job Description: Include job duties, education requirements, and a timeline of training activities for the new employee.
- New Employee Contact Information: Provide the contact details of the new employee you intend to hire.
Submit the Application:
- Email the completed application form and supporting documentation to [email protected].
- Alternatively, you can drop off the application at your local SkillsPEI office.
Await Contact from Program Officer:
- A Program Officer will reach out to you within a few days to discuss your application and any additional requirements.
Review and Approval:
- SkillsPEI will review your application against program criteria. They may request further information or clarification.
Receive Confirmation:
- Once your application is approved, you will receive confirmation from SkillsPEI.
Start Employment:
- After approval, your new employee can begin work on the project.
Maintain Communication:
- Stay in touch with SkillsPEI for any ongoing requirements or updates related to the program.