TRENTON, N.J. (AP) — New Jersey is providing a $500 incentive to unemployed individuals who return to work at companies with 100 or fewer staff and obtain job coaching, Gov. Phil Murphy mentioned Monday.
The incentive, dubbed the Return and Earn Program, will probably be financed with $10 million of federal COVID-19 funds.
The Democratic governor says the new program will use already-existing job-training infrastructure to present wage reimbursement to employers. Employers who rent staff with “expertise gaps” can even get 50% of the wages reimbursed through the coaching interval underneath this system.
The employer wage subsidy will probably be capped at $10,000.
The program has the help of lawmakers in addition to enterprise teams. Tom Bracken, president and CEO of the New Jersey Chamber of Commerce, mentioned this system will present job coaching in addition to an incentive to get staff again in jobs.
John Harmon Sr., president and CEO of the African American Chamber of Commerce of New Jersey added: “It’s use of funds to assist handle the labor scarcity that has adversely impacted our small companies through the pandemic.”
Murphy mentioned the $500 incentive to eligible staff could be paid of their first paycheck.
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