The sweeping budget measure aims to fix a growing crisis as companies go broke or cut staff, putting thousands of apprentices out of work and creating a future skill shortage | CroweDM
Employers will be given more than $1 billion in new subsidies to take on 100,000 apprentices in a federal budget plan to prevent an "explosion" in the number of young people with no work or skills.
But the new spending may not be enough to make up for a fall in total investment in vocational education and training since the Coalition came to power in 2013.in July to keep existing apprentices in their jobs but has been fielding calls from industry for more help for new apprentices. The current program was meant to support apprentices and trainees by giving their employers a wage subsidy of 50 per cent of salaries, up to a cap of $7000 per quarter.
Industry experts cautioned on Saturday that the spending estimates were not reliable because the jobs market was difficult to predict and some of the government’s existing measures had not worked as planned."It is what we've called for," said the association's chief, Ben Bardon. "It needs to be a strong response because otherwise we will have long-term skill shortages."
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