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Subsidy to hire jobless

EMPLOYERS in the city can receive an annual subsidy of up to 10,000 yuan (US$1,462) if they hire a laid-off worker or a jobless person from a family living below the city's poverty line, the Shanghai Human Resources and Social Security Bureau announced yesterday.

The subsidy is part of the city's employment stimulus plan to prevent companies from slashing their staff and to encourage them to hire more people during the economic downturn.

Employers need to sign contracts of more than a year with a laid-off worker or jobless person to get an annual subsidy of 5,000 or 10,000 yuan, the bureau said. The subsidy standard was raised from last year's amount of around 4,000 yuan.

The employer will receive a subsidy from the government within two years of hiring the new worker.

Shanghai is changing its employment stimulus package from subsidizing jobless people to helping companies hire the unemployed, Bao Danru, deputy director of the bureau, has said.

Bao added the global economic downturn has not yet exerted much influence on human resources in Shanghai, but the influence will emerge in the near future.

"When a company hires a jobless person who needs society's help, the company need not pay the total cost. The government will subsidize companies to lower their costs," Bao said.

The bureau also said its aim is to find jobs for at least one member of each jobless family within a month and for laid-off workers within three months.

Shanghai aims to keep its registered unemployment rate to around 4.5 percent during the economic downturn, slightly higher than last year's rate of 4.3 percent.


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