Financed training is a great opportunity for any company that wants to invest in training and updating activities for its employees. The possibilities to take advantage by facilitations and financing are of various kinds, below you can find the main ones.
There are a number of interprofessional funds available for each of the economic sectors of industry, agriculture, services and handicrafts. Among the best known we can mention Fondimpresa, Fondo Artigianato, Fondir, Fonditalia and many others. Membership of the funds is free.
The methods to access the fund can be of two types:
1a. Training account
In this case, the fund is fed through the allocation of a percentage of the gross payroll of the employees of the company that is participating. This share is nothing more than the “mandatory contribution for involuntary unemployment” that the company is still required to pay to the INPS and that since 2003 can be used to train its employees. The INPS therefore transfers this contribution to the chosen fund that will finance the training activities for the employees of the member companies.
1b. Competition notices
Some funds include the periodic publication of competition notices to which companies can participate by presenting their Training Plan.
In this case the Plan must be presented within the deadline indicated in the announcement and the possibility of accessing the fund is determined through an evaluation and communicated by means of the publication of a ranking list.
2. Regional competition notices
The Regions periodically publish competition notices for the “Continue Education” which is open to the companies based in that Region. Access to this type of financed training takes place through the publication of a ranking list.
3. Tax credit
The Budget Law 2018 introduced a tax credit to companies that in 2018 will invest in training activities focused on technological knowledges about the Industry 4.0. This tax credit is attributed in the amount of 40% of the expenses related to the cost of employees for the period in which they are engaged in training activities and for a maximum amount of 300,000 euros.
Q & A
How can I join a Financed training project?
First of all it is necessary to inquire about the possibility that your company already joins an Interprofessional fund, and must be identified which one. Once the type of fund has been identified, the next steps can be defined.
How do I know if my company already joins a fund?
Normally the departments that can provide this information are those of Human Resources and Administration.
How can I get my company to join a fund?
It is sufficient to inform the Payroll Office about the Professional fund to which you wish to subscribe. In this way it will be possible to allocate the INPS contribution to the desired fund.
Does joining the funds involve costs?
No, all companies can join and allocate 0.30% of the INPS contribution of employees to the fund without any charge.
Based on which elements can I choose the fund to join?
The Fund can be chosen basing on the business sector in which your company operates, on the size of the company and on the specific opportunities and advantages offered by the various funds.
Does the advisory about obtaining the financing have a cost?
No, normally the costs of consulting are included in the Training Project and therefore are self-financed.
In the case of funding through Regional competition notices, how often are these published?
The frequency of publication depends on the specific fund and the specific Region.
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