New initiative aims to create graduate-level opportunities

A new initiative has been launched aiming to provide more graduate-level job opportunities on the Isle of Man.

The Department for Enterprise says the Graduate Role Incentive will offer local firms 20% of the first year salary up to £6,000 and an employer National Insurance rebate for each returning or incoming graduate hired into supported roles.

The Incentive is available for new, full-time roles which require an RQF Level 6 qualification or higher, at a minimum starting gross salary of £21,000 per year.

All applications must carry a development plan for the graduate to ensure they have sufficient opportunities for professional growth.

Companies interested in hiring for graduate roles supported by the Incentive must have permanent establishment in the Island and submit their application in advance of appointment.

Enterprise Minister, Laurence Skelly MHK, says: "We recognise that there are often additional resource requirements for employees at the beginning of their career, and this Incentive has been developed to help businesses take on, and support the development of, graduates for the ultimate benefit of both the organisation and the individual.

"Providing career opportunities in the Isle of Man for qualified graduates who have chosen to conduct their studies off-Island is important to ensure the Island has the skills required to meet business requirements both now and in the future."

Meanwhile, it's been confirmed the Manx Internship Programme - which provides provides work-based placements for young people to gain experience - will open to applications this month.

Details about the Graduate Role Incentive and the Manx Internship Scheme are available via the links below:

Manx Internship Programme

Graduate Role Incentive