How Australia is preparing its post-Covid economy by investing in apprentices

How Australia is preparing its post-Covid economy by investing in apprentices

Australia has put in place a number of measures to help apprentices and trainees continue their training during the COVID-19 pandemic.

The lesson from the last recession is that a full economic recovery will need business to also play a part by investing in skill development.

Apprentice funding round introduces 30 new qualifications 

Apprentice funding round introduces 30 new qualifications 

The government has opened a new round of funding for registered training organisations to reduce education costs. Education Minister Jeremy Rockliff said the Apprentice and Trainee Training Fund (User Choice) was designed to create a pipeline of skilled workers at a time when it was needed most and while Tasmanians were looking for new jobs.

Federal government expands apprentice and trainee wage subsidy

Federal government expands apprentice and trainee wage subsidy

Prime Minister Scott Morrison has announced a $2.5 billion JobTrainer skills program to increase access to upskilling and training in the post-COVID workplace, while also expanding the scope of the original apprenticeship subsidy to small and medium businesses with under 200 employees.
Read more here:  https://www.mybusiness.com.au/finance/7177-apprenticeship-program-extended-to-smes-with-1-5bn-boost?utm_source=MyBusiness&utm_campaign=20_07_20&utm_medium=email&utm_content=7&utm_emailID=f216ce3d5b350e4191a55cbfb8379673a53dfcc989cdb85c66bf431fdc4e8268 

Apprenticeship decline prediction dire for skill shortages

Apprenticeship decline prediction dire for skill shortages

Business NSW, which represents more than 25,000 businesses, will on Thursday release a report which shows the impact of COVID-19 on skills training will be worse than previously expected.   Up to 40 per cent of apprentices could lose their jobs by the end of this year without an economic recovery and an extension of employer subsidies, including JobKeeper payments.
Read more here:  https://www.smh.com.au/business/workplace/54-000-fewer-apprenticeships-to-start-this-year-threatening-longer-term-skills-shortages-20200707-p559ry.html