£5m is a tiny amount - and note absolutely no explanation how it will be spent - presumably given to companies to 'incentivise' bribe them to take on returners
BUT
The kind of companies doing it don't need the money
The 'jobs' are temporary (meaning employees are not entitled to holiday pay, maternity/paternity rights, limited sickness rights, if they're dependant on benefits before/after if they don't get a permanent role it's going to totally mess them up financially)
Are returners paid the same as another employee doing the same job or is it cheap labour for employers like apprenticeships?
What SHOULD be put in place to provide work for returners is:
Discrimination against carers, long term sick, sahp punishable by large fines
Companies of X size required to employ a percentage of returners in permanent roles.
Employers required to employ more workers INSTEAD of making their employees work ridiculous amounts of (often unpaid) overtime.
Better enforcement of that part of nmw law which prevents employees working essentially unpaid overtime.
"A worker must be paid the minimum wage, on average, for the time worked in the pay reference period."
Eg a worker works 50 hours in a week, paid weekly, is paid for only 40 hrs (nmw as per ft contract) that's illegal and the employee should be repaid immediately and if employer caught can be fined.
Where this happens regularly that employer should be told they should be employing more staff!
This would also mean there would be more jobs.
Give employees their weekends back! Most returners can't work because most jobs require eve/weekend work and are completely inflexible on this. While there are certain jobs where it's necessary (retail, leisure, nhs) there are now far too many who now work at weekends unnecessarily (accountancy, publishing, admin, education). If people want to work weekends/Eve that's one thing but many employers are now expecting it regardless of their employees circumstances.
Childcare is a joke in uk, main place I can think of that's worse is USA, most European countries have far better provision. Greater investment, including from employers is needed.
Many jobs with modern technology could easily be done from home. Most admin positions, call handling, market research, accountancy and bookkeeping, financial advice, recruitment co-ordination, most IT jobs) this would also reduce employer overheads eg in terms of office space, utilities and insurance costs. And make returning to work easier to manage, sahp's would need less childcare (no travel time), carers would also need less cover, sick/disabled returners may well have practical adaptations at home which allow them to work which could not be put in place in eg an office with limited space in a high rise.
Flexibility/graduated return rarely happens - partly because the benefits system can't cope with graduated change in pay and I don't see UC being better able to cope with this.
So - my conclusion is - yet more lip service, barely that even as £5m is such a small amount of money.