Through the provincial Youth Employment Fund (YEF), employers in Ontario can receive up to $6,800 to offset training and wage costs linked to a job placement for a young person. To be eligible for this hiring incentive funding, employers must be licensed to operate in Ontario and be compliant with health and safety and employment standards legislation. They must also be covered by safety insurance and provide job placements of four to six months in Ontario that do not displace current of laid-off employees. Hires must be unemployed residents of Ontario between the ages of 15 and 29 and cannot be attending school full time.

Job placements provided will be assessed for the quality of the placement opportunity, the employer’s previous track record with the program, the potential for employee retention after the placement ends, and the level of employer financial contribution. There is no set formula for whether funding is used for training or wages, and there is no limit to the number of placements an employer can take on.

Our NorthBridge team of business analysts can assist you with the YEF application process. For more information on this or the many other hiring grants offered by the Federal and provincial governments, contact us today.