So, you are in charge of a business, but you have not yet heard of the great benefits that employing a trainee has on your business, both financially and through improvements to customers and job productivity. Don't stress, if you do not know the benefits of traineeships - we've got you covered! with 4 great reasons to employ a trainee.
Firstly, you've come to the right place! We are experts in delivering traineeships, and currently, we provide support and training to over 360 trainees across Australia.
Employing an apprentice or trainee is an advantageous way to help the business increase production and meet demands. However, it can also result in some great financial benefits.
The Australian and State and Territory Governments government aim to support industries and encourage more employers to employ apprentices or trainees. One way governing bodies seek to do this is by providing several financial incentives to employers who employ an apprentice or trainee. These incentives can vary depending on skill level, age, location and occupation of each trainee.
1. Payroll tax exemptions
Employers who employ a trainee may be exempt from payroll tax; employers are also able to claim a payroll tax rebate that reduces the payroll tax amount.
2. Reduced wages
Apprentices and trainees are hired often at a reduced rate of pay, which gives the business the chance to train them effectively before they attract full wages. In part, this will assist you with the cost of allocating them time on the job to complete their course requirements, as their productive business hours are paid at a lower rate too.
3. Commencement, recommencement and completion incentives
When employing a trainee, employers may be eligible to claim an incentive at the time of commencement, recommencement and completion. Payments are dependent on the employee’s eligibility for traineeship funding, which should be checked by an Australian Apprenticeship Centre before commencing the traineeship. This can usually be done by making contact with an Apprenticeship Centre and providing the trainee’s full name and date of birth.
For example, employers who hire a new trainee in a BSB30115 Certificate III in Business (NOT an existing worker transitioning into a traineeship) may be eligible for the following incentives:
4. Improvements to your business and customers
One of the greatest benefits to employing a trainee is the quality training. Once your trainee has completed their qualification, you will have a skilled, specialist worker who knows your business and your customers too.
With training that can be completed to meet the specific needs of your business while gaining a nationally recognised qualification, providing you with a positive return on investment as you improve staff retention, and enhance organisational capability and reduce overheads.
Certain equity groups may attract additional incentives for more information on the incentives available, please visit the Australian Apprenticeships Incentive Programme page.
For more information on the funded training programs that Gold Training offer, please check out our funding pages for Jobs & Skills WA, User Choice, Certificate 3 Guarantee, and Construction Skills Queensland.