| PRSI `holiday’ for new employees hired in 2010 |
A new scheme which will give employers a PRSI “holiday” when they hire new employees is expected to save businesses around €3,000 per new employee.
To be eligible, new jobs must be full-time and must be new and additional – employers will not be allowed to substitute existing employees to avail of the scheme, and the employee concerned must have been unemployed for at least 6 months.
Participation in the scheme will be limited to 5 per cent of the employer’s existing workforce or to five jobs, whichever is greater.
The exemption will last for 12 months from the date of approval. New jobs must last for at least six months, if a job lasts less than six months, the PRSI exempt amounts will have to be repaid by the employer.
The scheme is expected to create 10,000 new jobs in 2010. |
