Employers that increase their overall local workforce between September 2020 and September 2021 (inclusive) will receive Government support. The qualifying window for new local hires will be:
To be eligible for the Jobs Growth Incentive, there must be an increase in overall local workforce size and an increase in local workforce size earning ≥$1,400/month, compared to the August 2020 local workforce for Phase 1, or the February 2021 local workforce for Phase 2.
The support is 25% (or 50% for mature local hires aged 40 and above, persons with disabilities of the first $5,000 of gross monthly wages paid to all new local hires. The supportable gross monthly wages will be increased to the first $6,000 of gross monthly wages paid from March 2021 for mature local hires aged 40 and above.
Government support will be for up to 12 months for non-mature local hires from the month of hire and 18 months for mature, if employers continue to meet the eligibility criteria.
To encourage employers to retain their existing local employees as far as possible, the JGI payout will be adjusted downwards in the following circumstances: