School grant pays companies to hire young people 0
Under a federal grant worth more than $500,000, Douglas College will pay companies 50% of a young person's wages under an employment incentive program designed to encourage companies to hire the inexperienced. (PHOTO DOUGLAS COLLEGE)
To fight a trend of companies reluctant to hire inexperienced young people, a federally funded program at Douglas College is paying businesses to consider new workers instead of more experienced staff.
In April, the New Westminster-based school received more than $500,000 through a federal grant intended to subsidize up to 50% of an employer’s wage for graduates 30-years-old and younger for a minimum period of three months training and work.
According to recent figures from BC Stats, workers 24-years-old and younger in B.C. hold 38,100 fewer jobs than they did in 2007
Pamela Tetarenko, the manager of the Douglas College program, said one theory is that, “normally, an employer would be looking for someone with more experience” for jobs in high-demand professional sectors, such as technology, health care and legal services.
“We take into account how much experience the young person has, (and) how much time we think it’ll take them to develop the skills to show their value and establish themselves,” she said.
“(Employers) have to develop a training plan and we do stay in contact with them during the subsidy match to ensure everything is OK.”
Each student’s subsidy is a maximum $20,000, which includes any administrative costs involved with the training.
Douglas is also opening student employment centres to provide permanent offices for job-search help at both its New West and Coquitlam campuses next week.