We reviewed the incentives available to companies that hire registered young people.
The National Youth Guarantee System is a European initiative that aims to facilitate young people's access to the labor market, providing companies with a series of benefits.
To access this Plan, a series of requirements must be met :
– Be citizens of the European Union or have an authorization to reside in the Spanish State that enables the young person to work in said territory.
– To be registered in any locality within the Spanish national territory.
– Be over 16 and under 30 years of age at the time of applying for registration.
– Not having worked in the 30 calendar days prior to the date of the application.
– Not having received educational activities that involve more than 40 hours per month in the 90 calendar days prior to the date of submission of the application.
– Not having received training courses that involve more than 40 hours per month in the 30 calendar days prior to the date of submission of the application.
– Submit an express declaration of interest in participating in the National Youth Guarantee System, making a commitment to active participation in the actions developed within the framework of the Youth Guarantee.
Once the young person is registered in the System, companies and the self-employed will be able to hire them and, provided they meet the conditions established for each incentive, a series of benefits in Social Security contributions can be applied:
1. A €300 reduction in the employer's social security contributions for the young person, for 6 months.
2. Work-study contract. This contract offers incentives of up to 100% on employer social security contributions for common contingencies.
3. A minimum exemption of €500 from the contribution base for permanent contracts for 24 months. This benefit is compatible with the one mentioned in the previous point.
4. Apprenticeship Contract. This contract offers a reduction of up to 100% in employer social security contributions for companies with up to 250 employees, and 75% for larger companies. It also includes a bonus of up to 25% for training activities, which must be at least 25% in the first year and 15% in the second and third years.
For more comprehensive advice, you can contact our labor department and we will provide you with further information and more specific advice taking into account the circumstances of the future hiring.
Sonia Rodríguez,
Labor Management Area
Àmbit Assesor
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A Àmbit Assessor, SL has 40 years dedicated to the tax, comptable and labor consultancy of the Pime.
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