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China

Promote the employment of college graduates! China continues to implement a one-time subsidy policy for job expansion

2023-07-04   

On the 3rd, the reporter learned from the Ministry of Human Resources and Social Security that in order to implement the decisions and deployments of the Party Central Committee and the State Council on promoting the employment of young people such as college graduates, play the role of unemployment insurance in helping enterprises expand their job opportunities, and encourage enterprises to actively absorb young people such as college students for employment, the Ministry of Human Resources and Social Security, the Ministry of Education, and the Ministry of Finance have recently issued a notice to continue the implementation of the one-time job expansion subsidy policy. The notice stipulates that for enterprises that recruit graduates from ordinary universities who have not been employed in 2023 or within two years of leaving school, as well as young people aged 16 to 24 who have registered unemployment, sign labor contracts and pay unemployment, work-related injury, and employee pension insurance premiums for more than one month, a one-time job expansion subsidy of no more than 1500 yuan can be issued for each recruited person. The policy will be implemented until the end of December 2023. The notice proposes that various regions can adopt a "no apply, no enjoy" approach and proactively distribute one-time job expansion subsidies to eligible enterprises. On a monthly basis, the information of local new insured personnel can be compared with the "Ordinary University Graduates' Identity Verification Interface" provided by the Ministry and Provincial Human Resources and Social Security Business Collaboration Platform, as well as the data and registered unemployment information of university graduates who have left school for two years and are willing to work transferred by the education department. After confirming that the insured personnel's identity meets the policy enjoyment conditions, the information can be sent to the enterprise and confirmed by it, Distribute one-time job expansion subsidy funds to the employer's corporate account; For enterprises without a corporate account, funds can be disbursed to the enterprise's social insurance payment account provided by the local tax department. The notice requires that all regions shall not increase the threshold for policy enjoyment or increase restrictions beyond the existing policy regulations. Enterprises that recruit the above-mentioned personnel and meet relevant conditions shall enjoy policy dividends as much as possible. Local unemployment insurance agencies should open service windows to facilitate enterprises to apply for one-time job expansion subsidies on their own. The handling institution shall verify the insurance status of the relevant personnel recruited by the enterprise through the local information system and complete the process within 30 days after receiving the application from the enterprise. (New News Agency)

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Xinhua

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