DID YOU KNOW…
That businesses that enrol their staff in traineeships before March 2022 are eligible to receive a government wage subsidy of up $28,000 a year per employee?
The incentive is a part of the BAC Wage Subsidy Program, which aims to assist in the recovery from the economic impact of COVID-19.
| Without
NRA Retail Institute |
With
NRA Retail Institute |
|
| Employee annual wage | $44,122 | $44,122 |
| Course Fee | – | $3,500* |
| BAC Wage Subsidy | – | $28,000* |
| Total | $44,122 | $19,622 |
*Course fee may vary based on location and membership status
**Maximum subsidy of $7,000 per quarter
The table above shows a business’ yearly expenses with one full-time Level 1 employee, receiving a wage of $22.33 per hour. At the end of the year, the company would have spent $44,122 in wages.
However, if the same staff member was enrolled at the NRA Retail Institute – becoming eligible for the BAC wage subsidy – at the end of the year, the company’s expenses would be $19,622.
It’s a business decision that just makes sense. Contact our Training Team at 1800 738 245 to find out how to take part in this program before time runs out.