The new recruitment bonus for young people under 35 in 2024 was introduced with the aim of promoting stable youth employment in Italy. This incentive, provided for by the Cohesion Decree and converted into law, offers a contribution relief for hiring young people under 35 for an indefinite period. In this guide, we will analyze in detail what it is, who is responsible for it, how it works and when it will be available
.
Table of Contents:
What is the 2024 Under 35 Youth Recruitment Bonus
The 2024 employment bonus for young people under 35 provides a 100% contribution exemption for employers who, from September 1, 2024 to December 31, 2025, hire young people under 35 with an open-ended employment contract or transform a fixed-term contract into an indefinite period.
Bonus Details
- Amount of the Relief: The relief is recognized up to 500 euros per month, for a maximum of 24 months. However, in the regions of Abruzzo, Molise, Campania, Basilicata, Sicily, Puglia, Calabria and Sardinia, the amount can reach up to 650
- Duration: The benefit has a maximum duration of 24 months.
euros per month.
Who is entitled to the Youth Under 35 Recruitment Bonus
The bonus is aimed at private employers who hire non-executive personnel with an open-ended employment contract or who transform a fixed-term contract into an indefinite one.
Beneficiary Requirements
- Age: Workers must be under 35 on the date of employment.
- Employment: They must never have been employed on an indefinite contract.
How does the Youth Recruitment Bonus work
The bonus consists of a total exemption from paying employers’ social security contributions. The contribution rates for pension purposes (IVS) are generally 33%, with 23.81% paid by the employer and 9.19% paid by
the worker.
Limits and Rules
- Exclusions: Contributions for employee pension benefits, premiums and contributions due to INAIL are not included in the relief.
- Inapplicability: The exemption does not apply to domestic employment relationships and apprenticeship relationships, except in cases of previous employment with an apprenticeship contract not continued as an ordinary employment relationship for an indefinite period.
- Conditions: The benefit is revoked if the employer makes individual dismissals for justified objective or collective reasons in the 6 months before or after the encouraged recruitment.
- Non-cumulability: The exemption cannot be combined with other exemptions or reductions in financing rates provided for by current legislation.
Bonus Timing
The bonus will be operational from September 1, 2024 to December 31, 2025. Funds have also been allocated for the following years up to 2027
.
How to Claim the Bonus
The methods for claiming the bonus have not yet been defined. The INPS will be the body responsible for managing procedures and requests. As soon as more details become available, interested employers will be updated.
Appropriated Funds
The Government has provided the following appropriations for the bonus:
- 2024: 34.4 million euros
- 2025: 458.3 million euros
- 2026:682.5 million euros
- 2027: 254.1 million euros
These funds derive from the National Youth, Women and Work Program 2021-2027.
Conclusion
The 2024 youth under-35 recruitment bonus represents an important opportunity to encourage youth employment in Italy. Interested employers are invited to follow the updates to learn about how to apply and additional operational specifications.
