Employers Looking to Hire May Benefit from Salary Subsidy Program
Interested Employers Should Register With Government
The government has set aside $25 million for a jobs placement program primarily aimed at young unemployed Bahamians under 30 years of age. The program is designed to prepare unemployed Bahamians for entry into the labor market after they receive 52 weeks of formal on-the-job training and career coaching through structured on-the-job training.
Participating businesses that take on additional workers will be eligible for subsidized salaries during that time by the government for up to $210 per week, with the idea that they will be fully employed after the subsidy period.
The email should include:
· Number of persons you wish to engage
· Skill sets required
· Specific questions or concerns you wish to have addressed
· Job description for the positions to be filled if available
A Ministry of Finance representative will contact interested employers to discuss next steps. Employers will have the opportunity to interview potential employees before placement.
You will need to hire from their pool provided, providing the applicant meets your requirements.
The Government’s objective is to facilitate net new employment, meaning that you will not be allowed to terminate existing staff so that you can replace them with persons from the program or have persons you already have employed be subsidized under the program.
Interested employers are advised to be as specific as possible when sending in their email request. All costs related to the employee will be the responsibility of the Bahamas Government during the one-year period except in the event a person works beyond the 40 hour work week then overtime cost will be the responsibility of the employer.
Employers, particularly in Grand Bahama and the Family Islands, are encouraged to take advantage of this opportunity.