Insider
The 3rd call for applications for the Incentive Plan for the Employment of Young People aged 15 to 29 who are out of Employment, Education or Training was announced by the Ministry of Labor.
Specifically, the Ministry of Labor, Welfare and Social Insurance announced the 3rd Call for Applications, under the Sponsorship Plan, “Incentive Plan for Employment of Young People aged 15 to 29 who are out of Employment, Education or Training (Education or Training) Employment or Training – NEETs ”and may be co-financed by the Youth Employment Initiative and the Republic of Cyprus.
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The Plan aims to provide aid-sponsorships to companies to facilitate the recruitment of people belonging to the target group, as defined in the Plan – young people aged 15 – up to 29 years (29 years and 364 days) – who are out of employment, education or training and are registered with the Public Employment Service (PES) before the date of submission of the application for participation in the Project.
The method of simplified cost forms will be used to calculate the amount of the sponsorship. The sponsorship will be granted for the first ten months of employment and with the obligation of the employer to maintain the employment of the employee for two additional months without a grant. The cost unit for this Grant Scheme was set at € 34 / business day and corresponds to the amount of sponsorship that each beneficiary will receive for each business day completed by the beneficiary, regardless of the actual salary costs borne by the employer / beneficiary.
The total amount that will be allocated for the needs of this call is € 2,500,000.
Those interested can obtain the Plan Implementation Guide, which contains all the required details, the Proposal Application Form and any other required form or document, from the website of the Department of Labor (http://www.mlsi.gov. cy / dl), the website of DG EPSA (http://www.structuralfunds.org.cy).
It is noted that applications are accepted from 8/11/2021 until the end of the fund or announcement for the end of the Plan. Relevant application forms should only be sent by e-mail (in pdf format) before the above deadline. More information on the website of the Department of Labor www.mlsi.gov.cy/dl
The Ministry of Labor, Welfare and Social Insurance may extend or revoke the validity of this invitation by applying the same method of its publication.
