Under the Youth Entrepreneurship Pathway and Job Creation Program, SCAN will provide employer support that includes:
- Participating in SCAN’s Virtual Career Fair
- Designing a job description to ensure youth time with the Employer is effectively utilized
- Sourcing and applying for funding
- Recruiting co-ops/interns for participating employers
- Student Performance review
- Human Resource Training for Employers – Payroll Management
- Reporting to Funder
Sourcing and Applying for Funds
Government funding for the program takes different forms.
a. Where there exists the option of the Government paying 100% of the salary (minimum wage), the Employer will only pay the additional wage above the minimum wage and Mandatory Employment Related Costs (MERCs) (if applicable).
b. Where there exists the option of the Government paying less than 100% of the minimum wage, Employers will pay the remaining percentage and Mandatory Employer Related Costs (MERCs) (if applicable). In such cases, governments may pay 50 – 80% of the youth’s salary.
Mandatory Employment Related Costs are the cost employers must pay based on federal and provincial laws and the Employment Insurance (EI) and Canada Pension Plan (CPP). MERCs are calculated by multiplying their salary by 0.0162 and multiplying the result by 1.4.
For example, if employers pay $15 an hour to youth, and the Government is providing 75% of the funding, the cost to the Employer will be:
(0.25 * 15) + (15 * 0.0162) * (1.4) = $4.10 per hour.
Employers will pay a total of CAD $1500 to access the program. The breakdown is as follows:
- You must make an upfront payment of $150 to begin the process. The $150 is non-refundable.
- The $600 will be required once funding is received, which will include identifying and matching the youth to the funding.
- The final $750 will be required once funding is received and before the start of the work placement.
NB: The summer session runs from May-August 2023. We have funding currently available through different wage subsidy providers. The earlier you subscribe to the program, the more likely you will get a wage subsidy and a student working for you.