ValueProgram funding reimburses eligible employers for 75% of wages (to a maximum of $7,500) for each placement.
The Magnet Student Work Placement Program (SWPP) brings together employers, students, and post-secondary school stakeholders to create quality work-integrated learning (WIL) opportunities.
The program provides employers with wage subsidies to hire post-secondary students for paid work experiences. Students in turn benefit with quality work experience so they can secure employment in their chosen fields of study.
- Registered Canadian businesses, not-for-profit, hospitals, long-term care facilities and post-secondary institutions (universities, colleges, and polytechnics).
- Federal, provincial, territorial and municipal Government as well as federal and provincial Crown corporations do NOT qualify.
- Starting from October 15, 2020, the financial institutions no longer qualify for SWPP funding, please visit this list for the details.
- Are committed to paying the student for the role.
- Are willing to provide a quality learning experience to a post-secondary education student.
- Has the financial capacity to pay the student for the duration of the placement in full (the wage subsidy will be administered after receiving the final pay stub at the end of the placement).
The Government of Canada has also introduced the following changes to the program in response to COVID-19 and its impact on operating costs and timelines for businesses:
- Employers will have the flexibility to postpone placement start dates to avoid rescinding placements.
- Employers will be able to apply for funding before they finalize their selection of students to hire.
- Students will be able to work from home.
- Post-secondary institutions (universities, colleges and polytechnics) can now be the employer of record to offer meaningful placements to students.
- Hospitals and long-term care facilities are also eligible employers of record.
- Additional 1,500 placements have been reserved for employers in Canada’s health care sector.
- Registered in a recognized Canadian post-secondary institution (part-time or full-time enrollment in college, bachelor’s, master’s or PhD programs).
- Canadian citizens, permanent residents, or persons to whom refugee protection has been conferred under the Immigration and Refugee Protection Act. International students are not eligible.
- Undertaking a placement that is recognized as a Work-Integrated Learning component by the student’s institution in connection with a course, degree, certificate, diploma, or other recognized program offered by the institution. The placement can be required or optional, for credit or not for credit.