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Morrison Government Invests $2 Billion in Skills Development to Bolster Economic Recovery

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The federal government will spend $2 billion on retraining and upskilling Australians so they can get into sectors of the economy with job opportunities, as Australia recovers economically from COVID-19.

Announcing the new $1 billion “JobTrainer” package on July 16, the Morisson government said they had established more than 340,000 training places to help school leavers and the unemployed to develop new skills in growth sectors of the economy.

It will also establish pathways to further qualifications.

All the courses will be free or low cost in areas of identified need, with the federal government providing $500 million with matched contributions from state and territory governments.

Prime Minister Scott Morrison said that after the unprecedented changes brought about by COVID-19 he wanted Australia to be ready for the sorts of jobs that will come as the country rebuilds the economy.

“The jobs and skills well need as we come out of the crisis are not likely to be the same as those that were lost,” said the prime minister.

“JobTrainer will ensure more Australians have the chance to reskill or upskill to fill the jobs on the other side of this crisis,” Morrison said.

Minister for Employment, Skills, Small and Family Business Michaelia Cash, said the “JobTrainer” would be a vital part of the national economic COVID-19 recovery.

“This package will be essential as the economy rebuilds so that people looking for work can reskill and upskill for in-demand jobs, provide school leavers with a pathway into their careers, and ensure businesses can get the skilled workers they need,” Cash said.

Government to Guarantee Thousands of Apprenticeships

“JobTrainer” will also subsidise the wages of thousands of apprentices to ensure they are employed, and their training is secure.

Originally only applicable to apprentices of small businesses under the Supporting Apprentices and Trainees wage subsidy, “JobTrainer” will now expand to medium businesses with less than 200 employees for apprentices employed as of July 1, 2020.

The new subsidy will cover up to 50 percent of an apprentices wages, or up to $7,000 per quarter.

The extension of the subsidy is estimated to cover around 180,000 apprentices and 90,000 small and medium businesses.

The federal government will also extend the original program by six months to March 2021.

The CEO of Master Builders Australia Denita Warren told The Epoch Times on July 16 that the peak body welcomed the “JobTrainer” apprentice package.

“There is no doubt that the Governments expansion of the support it announced in March fRead More – Source