Graduate Mentorship Program — For Employers

The Graduate Mentorship Program is an initiative that supports employers in Prince Edward Island by subsidizing wages for recent post-secondary graduates, helping them gain necessary work experience in their field. This program aims to foster long-term employment opportunities, ultimately benefiting businesses and contributing to the professional growth of new graduates.

The Graduate Mentorship Program is an invaluable resource for both employers and recent graduates looking to bridge the gap between academic learning and practical workforce skills. Implemented by SkillsPEI and funded through the Canada-PEI labour market agreements, this program offers a unique set of advantages that seeks to promote sustainable employment and skill development, thereby addressing immediate economic needs while also investing in the future workforce. For employers in Prince Edward Island, participating in this program means having the ability to hire recent post-secondary graduates who are eager yet inexperienced in their field of study. The program provides a temporary wage subsidy, covering up to 50% of the participant's wages—capping at $10.00 per hour—for up to 52 weeks. This not only reduces the financial burden of on-boarding and training for businesses but also encourages them to invest in and cultivate untapped talent. However, it's crucial for employers to understand that certain responsibilities, such as covering the mandatory employment-related costs like CPP and EI, and ensuring proper Workers' Compensation coverage, remain their obligation. The initiative is significantly beneficial for recent graduates who are unemployed and have completed their studies within the last five years. They gain access to full-time job positions that align with their academic expertise. Through structured mentorship and hands-on experience, these graduates transition from being students to productive employees, acquiring invaluable skills and contributing to the success of the company. The program suggests that at the end of the subsidy year, these individuals will be fully integrated and productive members of the workforce, with their positions aligned with industry standards in terms of wage and responsibility. For a successful application to the Graduate Mentorship Program, multiple elements need to be prepared meticulously. Employers must submit a comprehensive application that includes a detailed job description, an informative mentorship plan outlining feedback processes, training opportunities, and the overarching benefits for the graduate. It is also essential to provide a robust sustainability plan, ensuring that the employee's position will be maintained beyond the subsidy period, which speaks to the long-term intent of the engagement. Once an application is submitted, it undergoes a review process where SkillsPEI assesses eligibility based on predetermined criteria. An applicant should anticipate communication from a Program Officer within a few days post-submission to discuss further steps. It's imperative to wait for approval from SkillsPEI before commencing the employment of the new graduate, as this is a prerequisite for receiving the funding. Additionally, while no official deadlines exist for submissions, interested parties are encouraged to apply as soon as possible to facilitate timely placement and training efforts. For those navigating this opportunity, there are several resources available to assist with the wage rate considerations and other pertinent information. The prevailing wage rate suitable for the targeted position will play a crucial role during the application's assessment process. Such insights ensure that the remuneration provided is aligned with provincial standards and reflective of the industry norm, as defined by platforms like WorkPEI and Job Bank. As the program aims to stimulate both the economic ecosystem of Prince Edward Island and the professional landscape available to post-secondary graduates, it stands as a pillar of strategic workforce development. Through the careful orchestration of mentorship, financial subsidy, and a shared vision of skill advancement, the Graduate Mentorship Program heralds a new era of mutually beneficial partnerships between emerging professionals and established businesses. Employers seeking further information or assistance with the application process can reach out to SkillsPEI through their general inquiries line or visit a local office, ensuring they have the support and guidance necessary to make the most of this innovative program.