By Davinder Bhatia
MISSISSAUGA: What are the cost-effective ways to minimise your payroll and staffing costs in the New Year? Here are my suggestions:
A) Third-Party Training Grant
The job grant will provide direct financial support to individual employers who wish to purchase training for their employees. It will be available to small, medium and large businesses with a plan to deliver short-term training to existing and new employees, and will provide up to $10,000 in government support per person for training costs.
Employers are required to contribute one-third of the total costs. There will be additional flexibility for small businesses to provide an in-kind contribution towards their share of the costs.
It also require training to be delivered by an eligible, third-party trainer.
Customized training pilot will assist in the development and delivery of firm-specific training solutions that meet employers’ workforce development needs, where no such training exists.
B) Hiring Students
Canada Summer Jobs is a Government of Canada initiative. It provides funding for not-for-profit organizations, public sector employers and small businesses with 50 or fewer full-time employees to create summer jobs for students between the ages of 15 and 30. Application deadline is January 20, 2017. It covers up to 50% of minimum wage and 100 percent for Not for Profits. The period for hiring start from April 17 to July 16, 2017, and must finish by Aug 26, 2017, so that students can go back for studies.
Grants of Hiring grant for Post-secondary Grads in 2017 which provide up to 50% of their payroll to a maximum of $14000-20000.