Promoting Employment
245. The Re‑employment Allowance Pilot Scheme has been well‑received. Since its launch one and a half years ago, over 37 000 placements have been made. The provision for the scheme will be increased to $222 million in the coming financial year.
246. The Employment Programme for the Elderly and Middle‑aged aims to encourage employers to hire persons aged 40 or above and provide them with on‑the‑job training. Employers will, for employing each eligible person, receive a maximum on‑the‑job training allowance of $5,000 per month for three months to 12 months. The programme subsidised nearly 4 500 placements last year. Besides, the ERB has launched two new courses dedicated for persons aged 50 or above.
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