The structure of the Work Ready Graduate Programme allows for part funding of the cost of the programme by Construct Innovate and part funding by the Host Organisation. Programme costs include the salary of the graduate (including employer PRSI, employer pension contributions); mentorship; laptop; fees for Postgraduate Diploma in Construction Innovation; and programme management costs.
The portion of the funding to be covered by the Host Organisation depends on the Organisation type and size. For SME’s who are Clients of Enterprise Ireland (programme funder), the requirement is to contribute 30% of the overall programme costs. For Multinational organisations and/or IDA clients, the requirement is to contribute 50% of the programme costs.
The programme cost contribution required by the Host Organisation can therefore range between €18,500 – €31,000. Exact costs will be outlined in the Secondment Agreement once an agreement has been reached between the organisation, the Graduate and Construct Innovate to proceed with a placement. The required cost contribution of the programme will be invoiced by Construct Innovate to the Host Organisation in 3 parts over the course of the year; September, March and August.
Of this programme cost, the Graduate’s salary for the 12-month placement will be €38,000 and is paid monthly by the University to the graduate.