Chancellor’s £1,000 cash bonus for companies to hire trainees

The government is pledging to provide 30,000 new traineeships to get young people in England into work, as fears about mounting unemployment increase.

Traineeships provide classroom-based lessons in maths, English and CV writing, as well as up to 90 hours of unpaid work experience. Under the £111m scheme, firms in England will be given £1,000 for each new work experience place they offer. Scotland, Wales and Northern Ireland will receive £21m for similar schemes. The expanded scheme will be in place in England from September 2020.

“Expanding traineeships will be part of a wider package to support young people and to ensure they have the skills and training to go on to high quality, secure and fulfilling employment,” the Treasury said.

Employers must currently offer a minimum of 100 hours of work experience. But the Treasury statement refers to “a high-quality work placement of 60 to 90 hours”, which could suggest a new, lesser, commitment for providers.
Watch out for further announcements on Traineeships and Apprenticeships by the Chancellor in his Statement tomorrow.

What is a traineeship?

• A traineeship is a course that includes a work placement
• It can last from six weeks up to six months
• Traineeships are aimed at 16 to 24-year-olds in England
• Trainees may complete a maximum of 240 hours of work experience over six months
• Providers should offer an interview for an apprenticeship or job, if available at the end of the scheme
• Employers are not required to pay trainees for a work placement, unlike apprenticeships.

For more information on traineeships, click the link below: