Canadian Government Announces Changes to Student Work Placement Program(SWPP)
The Magnet Student Work Placement Program (SWPP) allows employers to access up to $7,000 in wage subsidies when they hire Canadian post-secondary students for work-integrated learning (WIL) placements.
In response to the impacts of COVID-19, the Federal Government has announced changes to the program’s eligibility requirements so that employers can continue to provide meaningful work placements. Changes also consider the impact of COVID on operating costs and timelines for businesses.
Key changes to SWPP include:
- Employers will have the flexibility to postpone placement start dates to avoid rescinding placements.
- Employers will be able to apply for funding before they finalize their selection of students to hire.
- Small and medium sized employers (who have fewer than 500 employees) and non-profit organizations will be able to use wage subsidies up-front when there is an operational cash flow need.
- Students will be able to work from home.
- Post-secondary institutions (universities, colleges and polytechnics) will be able to be the employer of record to offer meaningful placements to students.
Magnet will continue to accept applications for funding from employers. To start your application, visit magnet-swpp.smapply.ca.
Following a time of downturn, SWPP can be valuable in helping employers boost their capacity with young talent while offsetting costs.
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The project is funded by the Government of Canada’s Student Work Placement Program.