Businesses across the country are benefiting from the Youth Contract Wage Incentive.  Companies who employ an eligible unemployed 18 to 24 year-old who has been unemployed for 26 weeks or more could get financial help that more than covers the cost of a year’s national insurance contributions.

If you help young people find employment, the Wage Incentive could help.

How it works…
If an employer takes on a young person for 16 hours or more each week, in a job lasting more than 26 weeks, they could claim:

  • £2,275       for full-time work (30 hrs +)
  • £1,137.50  for part-time work (16 – 29 hrs)

This is paid 26 weeks after the employee starts. Small businesses with fewer than 50 employees can claim a part payment after 8 weeks.

Want to know more?  Employers should talk to Jobcentre Plus. We will advise on eligibility and what needs to be done.

To find out more visit: www.dwp.gov.uk/wageincentives

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