As an employer, you are in the best position to identify the skills your business needs or areas where you are having difficulty finding workers with the right skills. The value of a highly skilled workforce cannot be overstated by Canadian businesses.
The Canadian federal government and provincial governments are helping this issue and spurring workforce development by creating government incentive programs to promote and subsidize training for employees. Programs vary in focus, from formal third-party training, to internal training and apprenticeship training. Training improves more than just an individual’s skill set.
Businesses that invest in it will observe improved morale, employee retention, and employee engagement. By promoting and offering training opportunities to its employees, a business can set itself up to stay competitive, minimize turnover, and encourage strategic thinking.
The following grants may be applicable to your business:
Canada Jobs Grant (CJG)
The Canada Job Grant offers funding toward the cost of training provided by eligible third-party trainers. The total cost of training will be shared between the Government of Canada and employers.
Active until 2019/20, there is approximately $163 million available in grant funds. The Government of Canada could provide two-thirds of the cost of training, up to a maximum of $10,000 per grant. Employers will be required to contribute the remaining one-third of the training costs. Intake periods vary depending on province in which company is applying.
Other grants available:
Evidently, there are several sources of funding offered for training. For assistance in preparing your submission and to position your application for approval contact EVAMAX Group to help you with the process.
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