JobsPlus Incentive is a new employer Incentive which encourages and rewards employers who offer employment opportunities to the long term unemployed.
Eligible employers who recruit full time employees on or after 1st July 2013 may apply for the Incentive, which will initially operate on a pilot basis for a period of six months.
The Incentive will provide two levels of payment and will be paid monthly in arrears:
(1) €7,500 over two years to an employer for each person recruited who has been unemployed for more than 12 but less than 24 months; and
(2) €10,000 over two years to an employer for each person recruited who has been unemployed for more than 24 months.
In order to qualify an employer must offer full time employment of at least 30 hours per week, spanning at least four days per week to eligible recruits (i.e. that employee must be on payroll and subject to PAYE and PRSI).
The employer must be a legally recognised form of business such as a sole trader, partnership, limited company, etc registered with the Revenue Commissioners as a PAYE employer.
Employers will be asked to give details of their existing workforce prior to application and where an increase in the work force is not evident, additional information may be sought by the Department of Social Protection to support the application.
The Incentive will not be payable until an Officer of the Department of Social Protection is satisfied that the employee has closed their Jobseekers claim and is no longer in receipt of a payment. Once an employer decides to recruit an additional employee they can log on to JobsPlus and complete an online application form.
The information contained in this update may be subject to change and accordingly is not a substitute for professional advice or services, nor should it be used as a basis for any decision or action that may affect your finances or your business. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional advisor. This firm shall not be responsible for any loss whatsoever sustained by any person who relies on this update