Can this Wage Subsidy Program Help Grow Your Business?
An essential component to growing any business is building your team. Whether it’s your first part-time employee or an addition to your growing staff, hiring the right talent for your business can be costly, time consuming, and frustrating.
That’s where Magnet comes in, acting as your talent matchmaker to make sure you find the right people for your needs.
What is Magnet?
Magnet is a social innovation platform that empowers individuals and businesses to grow, find their next opportunity, and succeed in a dynamic labour market.
Magnet connects you to funding opportunities, including grants and subsidies, to grow your business, recruitment tools to get matched with the right talent for your business, and access to trade, export, and procurement opportunities.
How does Magnet connect me with the right employee(s) for my business?
Your job postings will be shared with job seekers based on your pre-selected skills, qualifications, and competencies. Magnet’s in-system diversity filters can also direct your job posting to candidates who have self-identified as members of underrepresented groups. You can register for a free Magnet account and post your job openings in minutes.
Through partnership with Outcome Campus Connect, Magnet provides employers with access to student talent across 85+ post-secondary institutions. You can also target students based on location and program of study.
Plus, you can find the right talent while reducing your costs. Magnet connects employers to subsidies for hiring students through the Student Work Placement Program.
What is the Student Work Placement Program?
Funded by the Government of Canada, the Magnet Student Work Placement Program (SWPP) brings together employers, students, and post-secondary school stakeholders to create quality work-integrated learning (WIL) opportunities.
The program provides employers with wage subsidies to hire post-secondary students for paid work experiences. Students in turn get quality work experience so they can find employment in their industry.
As an employer, you can receive up to $7,500 in wage subsidies when hiring post-secondary students enrolled in a co-op, internship, or other related program for a paid work experience.
How can Magnet help me grow my business?
Magnet is committed to helping small and medium sized businesses find business opportunities and access resources to understand and prepare for changes in Canada’s labour market.
Businesses can get matched to funding opportunities, grants, subsidies, export events, trade missions, and growth resources based on your needs.
As a business owner, get access to content, current research, and best practices from Magnet’s communities and partners, including The Future Skills Centre, DiscoverAbility, Hire Immigrants, the Women’s Entrepreneurial Knowledge Hub, and more. Plus, take advantage of the Resource Centre where you can access up-to-date resources for business growth, exporting, and talent acquisition.
I’m in! Where can I learn more about Magnet and start growing my business?
Create a free Magnet account to get started and find the right people and opportunities today.
Ready to start your business? Ownr has helped over 35,000+ entrepreneurs hit the ground running quickly—and affordably. If you have questions about how to register or incorporate your business, email us at firstname.lastname@example.org.
This article offers general information only, is current as of the date of publication, and is not intended as legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. While the information presented is believed to be factual and current, its accuracy is not guaranteed and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the author(s) as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by RBC Ventures Inc. or its affiliates.