€1,000 Grant To Be Made Available For Individuals On Unemployed Payments To Enter Training In Short-Term Accredited Courses
A €1,000 grant will be made available for individuals on unemployment payments to enter training in short-term accredited courses at a total cost of €11 million per year.
As reported by The Irish Times, the grants are part of a new government plan called the Pathways to Work Strategy 2021-2025.
According to The Irish Independent, the €1,000 grant will be available to individuals who have been out of work for more than a year if they complete a short-term training course.
According to The Irish Times, on the employer side there will be an extension of the age threshold for recruitment subsidies for employers who hire younger workers. The current cut-off age of 25 will be increased to 30 in a bid to encourage the hiring of an extra 8,000 workers. The subsidies range from €7,500 to €10,000 over a period of two years.
The COVID-19 pandemic has reportedly seen spiralling youth unemployment, and the new strategy will set a target of decreasing the current 44% rate of youth unemployment to 12.55 by 2023.
According to The Irish Independent, it is projected that the strategy will cost the taxpayer up to €28 million and it is hoped that it will get 8,000 individuals back to work. The government is reportedly committed to getting 75,000 long-term unemployed individuals back to work by July of 2023, and there will reportedly be an extra 3,000 places on community employment schemes, with a number of these being ring-fenced for young people.
The measures are reportedly part of the government's "jobs-led recovery" following the COVID-19 pandemic.
Unemployed Payments Linked To Previous Earnings
Additionally, according to The Irish Times, the Department of Social Protection will explore how unemployment payments linked to an individual's previous earnings could be introduced so that individuals who lose their jobs would not immediately face a cliff-edge reduction of income to the current weekly jobseekers' rate of €203.
Sources have reportedly said that there is currently no target date for when this would happen, and considerations such as cost to the state have to be taken into account.
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