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NSW offers increased incentive for hiring redundant workers

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The New South Wales government has increased the incentive for employers to take on workers who lose their jobs in large redundancies.

AAP reports that a NSW payroll tax rebate has been raised from $5000 to $6000. It applies to workers from the city who lost their jobs along with at least another 100 fellow workers from the same company; and to regional workers who lost their jobs with 50 or more co-workers.

For example, the rebate will cover redundant Alcoa workers as well as Qantas employees who lose their jobs.

As the ABC reports, Premier Barry O'Farrell and Treasurer Mike Baird announced the policy today.

"This is about trying to do something practical to assist with people being re-employed," he said.

"Boosting the payroll tax rebate from $5,000 to $6,000 for people who face restructure is one way to do that.

"Any job loss is concerning but it is particularly worrying when retrenchments cause significant disruptions to a region or when those jobs are in a specialised field where there are limited opportunities for re-employment."

Meanwhile, the SMH reports that according to a private survey by ANZ, job advertisements grew by 5.1 per cent in February.

ANZ's head of Australian economies Justin Fabo said of the result - "Forthcoming job ads data will be important: if much of the recent improvement in job ads is maintained in coming months it would support our view that economic activity will improve gradually this year."

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