RBC Talent Fund

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Are you looking to grow your team?

The RBC Talent Fund is a wage subsidy program aimed to benefit entrepreneurial led companies based in the HRM area. In partnership with the SMU Co-operative Education Office, the program can help grow your business by adding bright young talent to your team through the hiring of SMU students.

RBC Talent Fund Provides

  • A wage subsidy that can cover up to $3,150 per hire
  • Flexibility for employers to choose between a part-time, full-time or co-op term hire
  • Assistance with job posting and short listing of candidates
  • Training and mentoring for participants to enhance their work experience
  • Advice and monitoring throughout the program to ensure participants and employers are receiving the best possible experience

Full Time Hire (16 weeks)

  • The wage subsidy can cover 50% of the wage, up to $7.50 an hour for the first 12 weeks (based on a $15/hr wage), leaving the employer to fully fund the final 4 weeks

Part Time Hire

  • The subsidy can cover 37.5% of the total wage (or up to $5.63 an hour) for a work term covering up to 240 hours (based on a $15/hr wage)

• A simpler way to breakdown the math is to say that the wage subsidy would cover 37.5% of the total wage or up to $5.63 an hour (based on a $15/hr wage), for both options

Employer Requirements

  • The company must be in its early stage of development and be located in the Halifax Regional Municipality
  • The hire must be a Saint Mary’s University Undergraduate Student
  • Provide a minimum of $15/hr wage to the new hire
  • Coverage of MERC (mandatory employment related costs) – CPP, EI, Vacation Pay
  • Assign an organization supervisor to act as a mentor for the participant

Full Time Hire (16 weeks)

  • Provide a 16 week work term covering 35 hours per week

Part Time Hire

  • Provide a work term covering up to 240 hours in total

Employer Application

For more information, please contact talenthub@smu.ca

Made possible through the RBC Foundation in support of RBC Future Launch. For more information please visit
https://news.smu.ca/news

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