Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Apprenticeship Reboot Announcement Timely

For immediate release

Apprenticeship Reboot Announcement Timely
18 December 2013

The Industry Training Federation welcomes the Government’s announcement today to extend the reboot subsidy for eligible apprentices and trainees by another 4,000 places.

“This is an appropriate adjustment by the Government to extend the reboot scheme as it has proved to be successful” say the Industry Training Federation Chief Executive Mark Oldershaw. “The initial allocation open to the first 10,000 eligible apprentices and trainees will be fully taken up by the end of this year and as such an extension seemed to be a natural thing to do. I would expect that the additional 4,000 will be taken up quickly and my belief is that further investment in industry training would be entirely justified.”

“From the Government’s perspective industry training represents exceptional value for their investment, given that industry contributes a direct cash contribution of around 30 percent. It is also acknowledged that apprentices and trainees are earning a wage whilst completing their qualifications, thus contributing to the New Zealand economy rather than building up a student loan” said Mr Oldershaw.

“With the New Zealand economy starting to show some sure signs of improvement it is expected that industry trainee and apprentice numbers will improve as employment numbers grow. The industry training sector has had a significant amount of funding re-appropriated to other tertiary education providers over the last 5 years so now is the time to look at an increase in base-line funding for ITOs.”

“Over the last 2 years the ITO sector has gone through a significant structural change and is working with employers to ensure that the right skill sets are being provided to industry to continue to lift workplace productivity.”

Mr Oldershaw did remark that it is disappointing that Government is still referring to the notion of ‘phantom trainees’ being funded within the industry training system. “The ITO sector is forward looking. We all acknowledge that there have been discrepancies in the distant past in relation to funding non-existent trainees however those days are well and truly behind us. It would be refreshing if the Government could also move on from these references and focus on the value that ITOs provide within the wider vocational education and training sector.”

The Industry Training Federation is a voluntary membership organisation representing all of New Zealand's Industry TrainingOrganisations.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Insurers Up For More Payouts: Chch Property Investor Wins Policy Appeal In Supreme Court

Ridgecrest NZ, a property investor, has won an appeal in the Supreme Court over insurance cover provided by IAG New Zealand for a Christchurch building damaged in four successive earthquakes. More>>

ALSO:

Other Cases:

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news