Focus on Incentive Programs
Our minimum wage earners are thankful that their rate of pay has increased this year to $14 an hour, a muchneeded increase when you do the math and realize that working full time at that wage makes an annual income of less than $30,000 per year. At the same time, while large employers are fairly easily able to absorb the increased cost of labour, our local small employers who do so much to create the depth and fabric of our community, are less able to handle the increase.
There are several programs that run out of the Centres for Employment & Learning of Huron County that can help local businesses offset some of these increased costs. While the Centres for Employment & Learning in Goderich, Clinton, Seaforth, Exeter, and Wingham are always available to assist with job postings or job matching services, there are also several financial incentives that employers can take advantage of.
In January 2018, the Ontario government unrolled a new incentive program: the Employing Young Talent Incentive (EYTI).
This program provides $2000 to an employer who hires a previously unemployed youth (ages 15-29) who is registered with one of our Centres.
The employer must provide a minimum average of 20 hours of work per week in order to receive the first $1000.00 as a hiring incentive, and an additional $1000.00 in six months if the youth is still employed. Besides helping small businesses offset their training and labour costs, this program also assists youth in becoming a part of the active economy. Employers must hold Worker Health and Safety insurance and have a valid CRA number to be eligible.
The implementation of the EYTI is extremely smooth, with very minimal paperwork and effort on the employer’s part.
The EYTI takes its place beside one of our most popular programs, the Job Matching Placement & Incentive Program (JMPI). Unlike the EYTI which focuses on employing youth, the JMPI provides a financial incentive for training costs associated with taking on a previously unemployed individual of any age, provided they are a registered client with one of the Centres for Employment & Learning in Huron County.
The wage incentive is flexible in both duration and cost, based on the learning curve of the job and training needs of the employee.
Another financial incentive offered to local businesses is the Apprenticeship Signing Bonus. This incentive, like the EYTI, provides employers with $2000 to offset training costs.
The first $1000 is paid when an employer signs on an apprentice with the Ministry of Training, Colleges, and Universities, and the second $1000.00 is paid after six months if the new apprentice is still employed.
Small businesses need to be encouraged and developed. In a beautifully written article by Devra Gartenstein in Chron Magazine, small businesses are “rooted in the landscape where they grow, and they give back vitality and sustenance.”
The above incentive programs are designed to give back to small businesses in a small way. Come in to a Centre for Employment & Learning near you to learn more about the EYTI, or about other ways we can help local businesses.