New aidEndedEmployment and contributionsNational

Hiring aid for SMEs ("Embauche PME") of €4,000 per employee

Decree No. 2016-40 of 25 January 2016 created an aid for companies with fewer than 250 employees hiring, between 18 January and 31 December 2016, an employee on a permanent contract or a fixed-term contract of at least six months paid up to 1.3 times the minimum wage. The aid is capped at €4,000 per employee, paid at up to €500 per quarter over 24 months and prorated to working time. It is managed by the Agence de services et de paiement.

Measure originators

InitiatorGVT
Myriam El Khomri
Gouvernement
Amount
4,000 €
Impact on public finances

No official estimate found for this measure.

Effective date
18 January 2016

Measure impact

Very small, small and medium-sized businesses (excluding private household employers) can receive up to €4,000 over two years for each eligible hire. The aid cannot be combined with another State employment aid for the same employee, except a professionalisation contract of at least six months.

Official references

Law number: Décret n° 2016-40 du 25 janvier 2016
Official Journal: JORF du 26 janvier 2016

Procedure timeline

Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.

100%
2 / 2 steps
Completed
26 January 2016

Publication in Official Journal

Publication
Publication au Journal officiel du décret n° 2016-40 du 25 janvier 2016.
Completed
18 January 2016

Entry into force

Application

Immédiate ou à la date prévue

Aide ouverte aux contrats dont l'exécution débute entre le 18 janvier et le 31 décembre 2016 (art. 1er).