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

 

Education Is Key To New Zealand’s Recovery

Manukau Institute of Technology is welcoming today’s Budget announcement for championing the role vocational skills training will play in offsetting the economic impacts of COVID-19.

“MIT has already begun working with industry, unions, local and central government to support workers who have been recently made redundant,” says MIT Chief Executive – Gus Gilmore.

“Today’s $1.6 billion package to support trades training is a major boost to this work that will help the country grow its way to recovery.”

Extending free trades training to all over the next two years will smooth the transition for many workers whose industries are severely affected by a downturn, allowing them to find new careers in building, construction, manufacturing as well as community health, counselling and care work.

The targeted support offered in the Budget protects our country’s talent pipeline in these critical areas offering employers the certainty of being able to retain apprentices while providing opportunities for 1,000 more high school students to join the Trades Academy scheme.

“These are well-judged interventions delivered to potential pressure points in workforce development during tough times,” says Mr Gilmore. “They will help communities like ours in South Auckland where job losses are likely to be felt the hardest.”

The major investment comes as MIT prepares to open its TechPark development in Manukau. The facility will offer a state-of-the-art learning environment and centre of excellence for trades training in the Auckland region.

Māori and Pasifika learners are also supported by the $50M Māori Apprenticeships Fund and $22M for Auckland Pacific Skills Shift. The latter will offer micro-credentials to 5,000 Pasifika workers in the building and construction industry.

“This sort of initiative really helps those who have joined a sector during boom times, perhaps without formal qualifications, earn those while they’re in work, allowing them to develop their careers and increasing their value as employees,” says Mr Gilmore.

The Budget strengthens the national networks guiding the newly merged New Zealand Institute of Skills and Technology.

The $276 million announced to support Workforce Development Councils and Regional Skills Leadership Groups will allow these bodies to focus on skills needs at a local level through engaging diverse stakeholders including employers, unions, iwi and community.

“This collaboration is critical to making sure today’s significant investment is well spent and produces the twin benefits of high value jobs, while building the future workforce the country needs,” say Gus Gilmore.

The new national institute structure allows New Zealand’s vocational education sector to develop a strong response to the challenges of COVID-19.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

CTU 2021 Work Life Survey: COVID And Bullying Hit Workplaces Hard, Huge Support For Increased Sick Leave

New data from the CTU’s annual work life survey shows a snapshot of working people’s experiences and outlook heading out of 2020 and into the new year. Concerningly 42% of respondents cite workplace bullying as an issue in their workplace - a number ... More>>

Smelter: Tiwai Deal Gives Time For Managed Transition

Today’s deal between Meridian and Rio Tinto for the Tiwai smelter to remain open another four years provides time for a managed transition for Southland. “The deal provides welcome certainty to the Southland community by protecting jobs and incomes as the region plans for the future. The Government is committed to working on a managed transition with the local community,” Grant Robertson said. More>>

ALSO:

Economy: Strong Job Ad Performance In Quarter Four

SEEK Quarterly Employment Report data shows a positive q/q performance with a 19% national growth in jobs advertised during Q4 2020, which includes October, November and December. Comparing quarter 4, 2020, with the same quarter in 2019 shows that job ad volumes are 7% lower...More>>

NIWA: 2020 - NZ’s 7th-warmest Year On Record

The nationwide average temperature for 2020, calculated using stations in NIWA’s seven-station temperature series which began in 1909, was 13.24°C (0.63°C above the 1981–2010 annual average). New Zealand’s hottest year on record remains 2016, when... More>>

Quotable Value New Zealand: Property Market Set To Cool From Sizzling To Warm In 2021

Nostradamus himself could not have predicted the strange series of events that befell our world in 2020 – nor the wild trajectory of New Zealand’s property market, which has gone from “doom and gloom” to “boom and Zoom” in record time. Even ... More>>

PriceSpy: Research Reveals How Shopping Behaviours Have Changed This Christmas

According to a new survey* from PriceSpy , almost 50 per cent of Kiwis are looking to shop locally this Christmas in light of Covid-19; The research also found consumers are changing their shopping habits, with one in seven (14 per cent) getting super-organised ... More>>