Authorities in the eastern Chinese city of Fuzhou are incentivizing local businesses to bring in additional talents, both new and old.
Companies recruiting staff from outside the city, or from a pool of individuals who are experiencing “difficulties finding work,” may be eligible to receive subsidies of 1,000 yuan ($142) per worker, provided they remain employed for at least six months, state news agency Xinhua reported Thursday.
The new policy — part of Fuzhou’s “Eight Measures to Further Improve the Protection of Human Resources in Business,” introduced last week — further states that companies hiring individuals who have lost their jobs “as a result of market factors” shall be eligible for subsidies of 500 yuan each, and that the total value of subsidies awarded to a single business in the calendar year may not exceed 200,000 yuan. (Image: VCG)