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 age workers jobs bonusmature-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.

 

Contact Us

AIMS Accounting Service
22 Swindon Close
Lake Haven NSW 2263
Phone: 02 4392 8720

Small Business News

Managing inventory is an essential part of your business, however, it can be a drain on your cash re [...]

“There’s no such thing as bad weather, only unsuitable clothing.” So goes the saying. Most indoor wo [...]

Five organisations have secured a total of $1.4 million in grants from LaunchVic to deliver programs [...]

In today’s ever increasing online world, domain names have become one of the most important business [...]

I spent all of last week travelling around Australia with one of my clients. She heads up innovation [...]

The opportunity for small to medium sized businesses to make the switch to solar and batteries is st [...]

Four years ago, Sydney’s Frank Andrews began to transition away from a nearly 20-year career in the [...]

Startup founders that overlook co-working spaces that aren’t ‘geographically desirable’ might miss o [...]