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

 

Apprenticeship boost is welcome and needed.

Today's $7 million boost for industry training and apprenticeships is welcome news for employers, industry trainees, and apprentices, in the face of skills shortages across the economy, says the Industry Training Federation.

Tertiary Education Minister Paul Goldsmith and Associate Tertiary Education Minister Louise Upston announced the funding increase this morning at the ITF Workforce Development Summit in Wellington.

Ministers, MPs, agencies, employers, educators, and Industry Training Organisations have gathered to discuss skills, work, and productivity.

"148,000 industry trainees and apprentices are in jobs, furthering their careers, earning and learning, gaining qualifications, paying tax, and not racking up student loans," says ITF Chief Executive, Josh Williams.

"Today's funding boost recognises the current and future need for more apprentices and trainees in New Zealand. Skilled and qualified workers are the key to supporting prosperous communities and improving productivity."

We have a world-class system for developing skills and gaining qualifications across many industries. Today's summit is a great show of support for strengthening this system and boosting the role of industry in education, and learning in the workplace.

"We need more people, young and old, to see work-based learning as a valid pathway, at a time when industries are crying out for skills," says Mr Williams.

"Recognising the economic and social contribution of our current 148,000 industry trainees and apprentices, is a good start."

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Quake Insurance: Reforms To EQC Act Announced

· Increasing the monetary cap from $100,000 (plus GST) to $150,000 (plus GST) for EQC building cover.
· Clarifying EQC land cover is for natural disaster damage that directly affects the insured residence or access to it... More>>

ALSO:

Reserve Bank: Official Cash Rate Unchanged At 1.75 Percent

Global economic growth has increased and become more broad-based. However, major challenges remain with on-going surplus capacity and extensive political uncertainty... More>>

Kaikōura Earthquake: Private Insurers Receive $1.8b Claims

Insurance Council Chief Executive Tim Grafton said most is for commercial loss at $1.36 billion, with residential claims amounting to over $460 million. “...We have a high level of confidence that most people will have received settlement offers by the end of this year." More>>

ALSO:

Forms And Data: New Proposals To Simplify Personal Income Tax

The Government is proposing to make tax simpler for individuals, with people whose only income is from a salary, wages or investments no longer being required to file tax returns to receive tax refunds or to calculate any additional tax. More>>

OECD: NZ Economic Expansion Faces Long Term Challenges

The OECD Economic Survey of New Zealand discusses the gap between the strong short-term outlook and long-term challenges posed by low productivity growth and a changing labour market. More>>

ALSO:

GDP: