Jobs Bonus For Hiring Mature-Age Workers
Central Coast businesses hiring mature-age workers are being encouraged to take advantage of a $1000 job bonus as part of the Federal Government’s mission to increase mature age participation in the workforce.
The Australian Government has announced that it will provide a $1,000 bonus to businesses that hire mature-aged workers.
The Minister for Employment Participation, Early Childhood and Child Care, Kate Ellis, has announced that businesses of any size will be eligible for the $1,000 Experience +Jobs Bonus that aims to encourage more businesses to look favourably on hiring mature-aged workers.
“There are over 3.8 million mature-age Australians and many want to work, yet every week I hear stories from many mature-age jobseekers about their frustration in searching for work,” Ellis said.
“Mature-age workers can save their employers $2000 a year on average compared to their younger counterparts – they are more reliable, loyal, and provide a better return on investment.”
Jobs Bonus Basic Eligibility Criteria
The Jobs Bonus is open to all employers who satisfy basic requirements, such as being a legal entity. For an employer to receive the Jobs Bonus, the new employee must meet eligibility criteria which include:
- they must be 50 years of age or older when they start work
- they must be unemployed and registered with a Job Services Australia provider to receive either Stream 1 (Limited), Stream 1 or Stream 2 services
- they must have commenced employment on or after 1 July 2012
- they must be employed as an ongoing employee, either full-time or part-time for a minimum of 15 hours per week.
- they must be employed under legal industrial agreements and receive a weekly award based wage.
The scheme is not open to self-employed people.