Leverage wage subsidies
to boost your bottom line
Government wage subsidies are currently available for workers in a number of industries and positions.
MyGovGrant is a free service and identifies any potential funding opportunities available for your organisation, helping support the cost of both new and existing employees.
The Australian Government is committed to supporting the development of skills labour across the country. They provide a range of financial incentives and benefits to employers and employees.
The wage subsidy incentive System will provide:
- A wage subsidy for employers of apprentices and trainees in priority occupations. Employers in metropolitan locations can receive up to $15,000 paid over three years, while those in regional locations can receive up to $22,500 paid over the same period.
- A direct payment of up to $1,250 every six months, for a maximum of two years, to apprentices and trainees in priority occupations. This payment, up to a total of $5,000, aims to help cover the cost of living expenses and support them in completing their apprenticeship or traineeship.
- A hiring incentive of up to $1,750 for employers who hire apprentices or trainees in occupations not included on the Priority List. This amount is paid in two installments at six and 12 months after the commencement of the apprenticeship or traineeship, with a maximum value of $3,500.
Subsidies for Existing Workers
While many government incentives are based upon new hires, there are also a number of wage subsidies available for existing workers. In the case of existing workers, subsidies are typically based on engaging in a traineeship or other activity, allowing you to benefit from improved employee capability in addition to lower actual wage costs.
Double Benefits
Wage subsidies are tied to employee training and upskilling, however you may also be eligible for a training grant with up to 100% subsidy of course fees. This may be from a combination of State and Federal government support. MyGovGrant can help you navigate the complexity and ensure you are able to access the highest level of funding support applicable.
Additional Incentives
In addition to funded training and wage subsidies listed above, there are even incentives for employers of up to $3500 per new employee when enrolling into a traineeship. Both eligible new and existing employees can receive up to $5000 payment for undertaking a traineeship qualification in a recognised skill shortage area. In many cases, organisations can claim support from several government sources for the same employee.
What other businesses are saying about MyGovGrant
“MyGovGrant streamlined the process of upskilling our workforce. They assessed our eligibility and put the right providers in touch with us. Without them, I probably would have put it all in the too-hard basket.“
Infinity Workwear + Safety
“They allowed me to organise structured training for a staff member which improved her career and elevated our business culture.”
Maestro
“It was great to actually get some financial support.“
Voice Lawyers
“Helped our branch to gain an apprentice to ensure our future staff are well trained in conducting professional manufacturing.“
Bushmans Tanks
“It helped my business a lot in terms of educating my staff and also with subsidy payments.“
Toongabbie Bottlemart
“Helped us upskill our small team!!“
Running Postman Wine Bar
“MyGovGrant really smoothed out the process of getting government funding for our staff training programs over the past 12 months. They really reduced our administration in this process.“
Shore Hire
Wage subsidies vary by State or Territory, as well as by industry and role. To determine your eligibility, click below.
Case Studies
Infinity Workwear
Infinity Workwear and Safety is a company that produces safety clothing and equipment for workers in various industries. The company has been struggling to keep up with the increasing demand for its products, which has resulted in longer lead times and lower customer satisfaction.
To address this issue, Infinity Workwear and Safety decided to take advantage of government-funded traineeships and wage subsidies. This allowed the company to hire and train new employees, while also reducing the cost of labor.
The traineeships provided the new employees with on-the-job training, as well as classroom training in areas such as health and safety, quality control, and manufacturing processes. The wage subsidies reduced the cost of labor, allowing the company to increase its production capacity and reduce lead times.
As a result of this initiative, Infinity Workwear and Safety was able to significantly increase its production capacity and reduce lead times, which led to improved customer satisfaction. The company was also able to create new jobs and provide valuable training opportunities for its new employees.
The use of government-funded traineeships and wage subsidies was a success for Infinity Workwear and Safety. The initiative allowed the company to address its production capacity issues, improve customer satisfaction, and create new jobs.
Shore Hire
Shore Hire Ltd is a construction equipment rental company that provides government funded leadership and management training to its employees. The goal of the training is to improve the leadership and management skills of its employees and increase their effectiveness in the workplace.
The company has identified key areas where its employees need to improve their skills, such as communication, problem-solving, and time management. The training program is designed to address these areas and provide employees with the tools and techniques needed to excel in their roles.
To maximize the effectiveness of the training, Shore Hire Ltd works closely with government agencies to ensure that the training program meets their standards and objectives. The company also involves its employees in the design and implementation of the training program to ensure it meets their specific needs and addresses their unique challenges.
The results of the training have been positive, with employees reporting improved communication and problem-solving skills, as well as increased confidence and motivation. The company has also seen an increase in productivity and a decrease in turnover, which is a direct result of the training program.
Overall, the government funded leadership and management training program has been a success for Shore Hire Ltd and has helped the company improve the skills and effectiveness of its employees.
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