A government incentive of up to $10,000 to hire a mature-age worker
If you run a small or medium size business in Australia and are looking at hiring extra staff, then you might consider taking advantage of a government subsidy for hiring a mature-age worker (aged 50 or over).
If you're not aware of the federal government's JobActive Restart program, then read on - because up to a $10,000 "Restart" subsidy for an employee's wage is available as an incentive for you to hire an eligible over-50 job seeker......
Perhaps you're like me - and this caught you unawares. As a business owner, it's easy to become a little isolated from the resources and support that can be available, because we get so immersed in the day-to-day operation of the business.
But with all of the taxes that we pay, if there's a chance to get some financial help from the government in return - then hey, I'm listening with both ears!
Would your business be eligible?
As with any government subsidy, there are naturally some conditions that need to be met. It's not a gift that comes without some strings attached - but they do seem reasonable.
Some of the main requirements include -
- Your business requires an ABN
- The full wage subsidy is payable if employment is for an ongoing job that is at least 30 hours per week. Pro-rate subsidy can be available for employment of between 15 - 29 hours per week (less than 15 hours is not eligible)
- The job cannot be for work that displaces an existing employee
- Sub-contract or self-employment jobs are not eligible
- The job seeker must be aged 50 years or older and have been on income support for at least 6 months
More information about the wage subsidy can be found at JobActive Restart on the website of the Department of Employment
Why hire a mature-age worker?
My own business comprises some recruitment consultancy in both the private and public sector. Over many years, I have encountered a not uncommon perception in corporate Australia, that the over-50 employee tends to be resistant to change - with limited ability and willingness to adapt to technological advancements.
I have found this to be a very unfair generalisation - and have worked with many mature aged workers who actually embrace the benefits of technological innovation. Resistance and anxiety about change is not necessarily restricted to a particular age demographic - flexibility (or the lack of it) is more likely associated with a person's attitudes and personality.
Many employers do report that a benefit of hiring a mature aged worker is they are gaining someone who brings a great depth of life experience to their workplace and willing to mentor others. Here is a short video clip in which a small business owner describes some of the benefits he believes came from employing an over-50 employee, which included among other things, a good work ethic ....