Construction Visa Subsidy Program (CVSP): A Strategic Solution for Employers in 2024
Perth, WA – The State Government is intensifying its efforts to prepare locals for future job opportunities while addressing the immediate need to retain skilled migrants in Western Australia (WA). Recognising the current demands of WA businesses, especially in the construction industry in Australia, the government has introduced the Construction Visa Subsidy Program (CVSP). The Construction Visa Subsidy Program (CVSP) aims to support construction businesses by subsidising the costs of hiring skilled migrants, thereby helping to fill critical skills shortage in the construction industry in Australia.
To address the construction industry’s skilled labour shortage, Australian business leaders must strategically recruit and retain overseas workers. Let’s learn about the Construction Visa Subsidy Program (CVSP) to understand how it can benefit employers in this competitive market.
What is the Construction Visa Subsidy Program (CVSP)?
According to the Government of Western Australia, the new Construction Visa Subsidy Program (CVSP) is a program that supports Western Australian construction businesses to fill the demand for a skilled workforce.
The CVSP provides financial grants for eligible employers up to $10,000 per skilled migrant at three milestone points.
The Benefit of Construction Visa Subsidy Program (CVSP) for Employers
The Construction Visa Subsidy Program (CVSP) offers a solution by providing access to skilled workers overseas while reducing the associated costs. Therefore, let’s explore the key benefits of the CVSP for employers in the construction industry in Australia:
1. Addressing Skills & Labour Shortages
The construction industry in Australia faces significant challenges due to a shortage of skilled workers, which leads to project delays and increased costs. By providing access to qualified skilled workers overseas, the CVSP helps address this issue, ensuring projects are completed on time and within budget.
2. Financial Support in Construction Visa Subsidy Program
By offsetting significant costs associated with hiring overseas talent, the CVSP reduces the financial burden on businesses. This support allows companies to allocate resources more efficiently and invest in other critical areas of operation.
3. Enhanced Project Efficiency
The CVSP enables employers to fill critical roles with qualified individuals, leading to better project management and enhanced efficiency. With the right talent in place, construction projects can proceed smoothly, reducing the likelihood of delays and cost overruns.
4. Support for Regional Development
Skills shortages are often more acute in regional areas, where attracting skilled labor can be particularly challenging. The CVSP encourages skilled migration to these areas, supporting regional development and economic growth. Employers in regional locations can benefit significantly from the program, gaining access to the talent needed to complete projects and drive local economic activity.
5. Retention of Skilled Workers
The CVSP can also facilitate the long-term retention of skilled workers. By providing a clear pathway to permanent residency, the program offers job security and stability to overseas workers. This can reduce turnover and help employers retain valuable talent, ensuring continuity and expertise within their workforce.
Related: The Key Strategies for Reducing Staff Turnover in Australia
Who is Eligible for the Construction Visa Subsidy Program?
The Construction Visa Subsidy Program (CVSP) offers flexibility to Western Australian construction employers by allowing sponsorship through multiple visa options (Subclass 482, Subclass 494 and Subclass 186) for skilled overseas workers.
Employer Eligibility for the Employer Sponsored Stream
To be eligible for the Employer Sponsored Stream, employers must:
- Sponsor skilled migrants under one of the following visa subclasses:
a. 482 – Temporary Skill Shortage (TSS) Visa – medium term (up to 4 years) or short term (up to 2 years)
b. 494 – Skilled Employer Sponsored Regional (Provisional) Visa – up to 5 years
c. 186 – Employer Nominated Scheme (ENS) – permanent
- Be headquartered and engaged in commercial and/or residential building and construction work in Western Australia.
- Be a direct employer
For information on sponsoring a skilled migrant, please visit the Department of Home Affairs website.
Overview of the Payment for Employers
Employer Sponsored Stream Payments
Eligible employers can receive a total payment of up to $10,000 per skilled migrant, distributed across three key milestones:
- Milestone 1: $2,000 paid upon registration for the CVSP.
- Milestone 2: $4,000 paid upon the skilled migrant’s visa grant.
- Milestone 3: $4,000 paid when the skilled migrant commences employment with the employer.
Here are the steps to apply for the Employer Sponsored Stream:
(Source: WA Department of Training and Workforce Development)
To learn more about the CVSP payment structure and eligibility criteria, please visit the WA Department of Training and Workforce Development (DTWD) website.
Strategic Solutions for Employers in the Construction Industry in Australia
The Construction Visa Subsidy Program (CVSP) is a strategic solution designed to enhance Western Australia’s construction sector by directly addressing the critical skills shortage. Beyond financial support, the CVSP stabilises the industry through a consistent supply of qualified workers, mitigating project delays, cost overruns, and labour disputes. Through this process, businesses can enhance performance, increase competitiveness, and achieve future resilience in Australian construction industry.
Related: Labour Shortage in Australia: How to Solve it?
Need a Partner for Hiring Overseas Workers in the Construction Industry in Australia?
At Neurone Recruitment, we specialise in helping businesses like yours navigate the complexities of international recruitment, ensuring you find the right talent to keep your projects on track.
We pride ourselves on our ability to pioneer inventive strategies aimed at overcoming the unique challenges posed by today’s job market in Australia. Sponsoring a worker from overseas is made seamless and efficient by Neurone Recruitment.
Some of our strategies include:
- Leveraging the Global Talent Pool
- Proactive Recruitment Initiatives
- Visa-Ready Candidate Selection
- Comprehensive Candidate Profiling
- Engaging and Interactive Advertising
- Rigorous Screening Procedures
- Job-Ready Applicant Assessment
Partnering with Neurone Recruitment means you can focus on your core business activities while we handle the complexities of sourcing, screening, and securing top global talent for your construction projects. Let us help you build a stronger, more skilled workforce that drives your business forward.
Get to Know About Neurone Recruitment – Perth Recruitment Agency
Neurone is a Perth-based Recruitment Agency with years of experience and expertise. Our services have assisted hundreds of Australian businesses in securing highly qualified and experienced workers.
At Neurone, as a recruitment agency, we provide solutions to help you find high-quality candidates from a talented pool. Neurone assures you access to the best candidates in the market for you to choose from. Our primary goal is to provide you with the most satisfying recruiting experience. Our services guarantee the performance, loyalty, and motivation of our talents.
Neurone is committed to making sure that your organisation benefits from your new hire. We employ unique strategies to minimise the risks of bad hiring, ensuring that no undesirable personnel are added to your business.
Contact us through email at [email protected] or phone at 1300 045 809, or you can send the details here.
