Financial Industry Recruitment Scheme for Tomorrow (FIRST) is the first job-creation scheme dedicated to the financial industry, commissioned by the Financial Services and the Treasury Bureau and administered by Financial Services Development Council, under the HKSAR Government’s HK$6 billion Anti-epidemic Fund, with the aim of creating 1,500 full-time jobs in the financial services sector.
FIRST allows eligible employers to apply for a subsidy to make eligible new hires. The subsidy will be up to HK$10,000 per month per new hire for 12 months.
HK$10,000 or actual basic salary, whichever is lower, per month per new hire for 12 months
1,500 subsidised new hires
Subsidy disbursed 6 to 8 weeks after each quarter end
Online application opened on 30 September 2020
As the total number of new hires applied for has well exceeded 1,500, FIRST was paused for further application effective 18:00 on 20 November 2020.
As of 23 March 2021, over 90% of the 1,500 jobs created by the approved employers have been filled and another 5% of the jobs created are in the process of active hiring. Application re-opened for the remaining places.
Application for FIRST was closed on 30 April 2021.