John Brady (Wicklow, Sinn Fein)
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317. To ask the Minister for Social Protection the approximate fully year net saving from moving 1,000 jobseekers who have been unemployed for longer than 24 months into work via the JobsPlus scheme. [14676/16]

John Brady (Wicklow, Sinn Fein)
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318. To ask the Minister for Social Protection the approximate full year net saving from moving 1,000 jobseekers who have been unemployed for longer than 12 months into work via the JobsPlus scheme. [14677/16]

Leo Varadkar (Dublin West, Fine Gael)
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I propose to take Questions Nos. 317 and 318 together.

JobsPlus provides a direct monthly financial incentive to employers who recruit employees who are long term on the live register and those transitioning into employment. It provides employers with two levels of payment: €7,500 and €10,000. The €7,500 is paid primarily to those who are 12 months or more on the live register with the higher grant paid in respect of those who have been unemployed for more than 24 months. The incentive is paid in monthly instalments over a two year period provided the employment is maintained.

The full year cost of the jobsplus incentive to support 1,000 employees who were unemployed for between 12 and 24 months is €3.75m. The full year cost of the jobsplus incentive to support 1,000 employees who were unemployed for longer than 24 months is €5m.

The full year cost of the jobseekers payment for 1,000 customers is estimated at €10.2m., therefore the estimated net savings of moving 1,000 customers who were unemployed for between 12 and 24 months utilising the jobsplus incentive would be in the order of €6.45m. The net savings of moving 1,000 customers who were unemployed for longer than 24 months would be in the order of €5.2m.

The above costings do not include the additional income that arises for the Exchequer from payment of income tax, PRSI and USC from employment or the additional cost from employees who may have an entitlement to receive family income supplement (FIS) or the back to work family dividend.