Apprentices are an important part of the economy. This is why the government made sure that they keep updating the apprenticeship funding policy. Employers are given incentive payments if they hire new apprentices to work for them.
The main purpose of these incentives is to have employers’ identify the capability which individuals has in order to create opportunities for individuals and equip them with important skills which are in demand.
An overview of the apprenticeship incentives
A variety of financial incentives are provided to Australian employers who are willing to offer apprentice opportunities to individuals. A living away from home allowance is also awarded to apprentices who may have to move away from the current location and take up new residence to secure an apprenticeship. The allowance is provided for full time apprentices as well as part time apprentice. It is provided during the first 3 years of the training which the students will receive. It is a great way of earning while also learning the new skills which are necessary to enhance the future.
The payment which trainees receive is based upon the skill shortage list of trades or occupations which are high priority. On the other hand the incentives for employers are based upon the level of the apprenticeship that has been completed. Usually the payments are done at the end of the year. These may very from $750 to $3000 depending upon the incentives.
Apprenticeships offered to those with disability are usually paid on a weekly basis. However disability incentives are also offered to employers who have hired apprentice that became disabled during the traineeship. Financial aid is provided to individuals with disabilities so they can purchase work related modifications and equipment which would help them to work better and make things easier for them during the training program.
Eligibility criteria for apprenticeship incentives
In order to be eligible for the criteria you need to employee an Australian apprentice who has passed a level 2 or 3 certificate along with the diploma or an advanced diploma. They also need to sign a training contract with the apprentice. The incentive payment has criteria which need to be followed in order to receive payment.
Women are supported if they start working in trade occupations which are on the priority list for Australian apprenticeships. These are occupations where the level of female participation has remained low in the past. Apprentices are provided personal advice and information and given a variety of career option Pathways and mentoring so that they are able to access the professional Network and get the right kind of entrepreneurship training. Offering financial support to women can help them complete their training and have successful careers in the future.
Apprenticeship incentives are a great way to enable people to learn a new set of skills and at the same time promote the economy of the country. For more information on apprenticeship incentives make sure that you contact the Apprenticeship Community for assistance.