Sunak is offering older workers £ 500 million to fill gaps in the small business workforce

Rishi Sunak will announce a £ 500 million package to help UK residents, including the elderly, find jobs.

Workers with the lowest wages will also be helped advance in their careers, while existing programs like Kickstart will be extended by three months until March 2022. The program, which started in September last year, has grown with 250,000 jobs by the end of 2021. However, the latest government figures show that only 76,900 Kickstart positions have started, with a total of 196,300 positions open to young people.

Sunak will also announce an extension of the Targeted Employment Assistance (JETS) program to provide universal credit to the long-term unemployed through September 2022.

Another program, which pays employers £ 3,000 for each apprentice hired, is being extended by four months to the end of January.

There will also be more job coaches and careers, along with coordination with local employers.

Details will be confirmed in the Chancellor’s spending review on October 27th.

At the start of the Conservative Party conference in Manchester, Sunak said he had a plan to strengthen the workforce.

This is all an extension of his plan for Jobs, which was launched amid the pandemic.

The package helps in different ways. Those who come from vacation receive “tailor-made individual support” and “recruitment advice from a competent advisor”, while those over 50 receive “advice on later life planning” and “more intensive detailed support”.

Matthew Fell, CBI’s Chief Policy Director, said, “Given the record openness and widespread labor shortage, the success of this package will be measured by its ability to get people back into work.”

It was greeted by others. “With all eyes on how unemployment might change after the vacation program ends, this investment in jobs from the government is a positive move,” said James McLeod, VP EMEA, Faethm AI.

“This is a critical moment for the UK and companies need to be incentivized to keep employees on leave, retrain them in essential digital skills and competencies, and place them in more in-demand roles where they can offer longer-term benefits and growth opportunities. ”

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