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

 

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Reserve Bank: Labour Calls For Monetary Policy To Expand Goals

Labour's comments follow a speech today by RBNZ governor Graeme Wheeler in which Wheeler sought to answer critics who variously say he should stop lowering interest rates, lower them faster, or that inflation-targeting should no longer be the primary goal of the central bank's activities. More>>

ALSO:

BSA Extension And Sunday Morning Ads: Digital Convergence Bill Captures Online Content

Broadcasting Minister Amy Adams has today announced the Government’s plans to update the Broadcasting Act to better reflect today’s converged market... The Government considered four areas as part of its review into content regulation: classification requirements, advertising restrictions, election programming and contestable funding. More>>

ALSO:

March 2017: Commerce Commission Delays Decision On Fairfax-NZME

The Commerce Commission has delayed its decision on the proposed merger between NZME and Fairfax Media's New Zealand assets, saying the deal is complex and it needs more time to assess the impact on both news content and the advertising market. More>>

ALSO:

Plan Plan: Permanent Independent Hearings Panel Proposed For Planning

The Productivity Commission recommends creating a permanent independent hearings panel like the one that cut through local politics to settle Auckland’s Unitary Plan, for the whole country. More>>

ALSO:

Statistics: NZ Jobless Rate Falls To 5.1% Under New Methodology

New Zealand's unemployment rate fell more than expected in the second quarter as Statistics New Zealand adopted a new way of measuring the labour market to bring the country in line with international practices, and while a growing economy continued to support jobs growth. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news