If you’re a member of the Australian workforce and want to advance your qualifications and acquire new skills, or you’re an Australian employer looking to invest in talent and help grow the workforce of tomorrow, you might be eligible for support from the Australian government.
There are a number of government funding programs that enable state governments, educational institutions, and businesses to support skills development.
Who benefits from government-funded training?
Employees eligible for government-funded training can access courses at a significantly reduced fee, which allows them to obtain skills that will advance their career prospects. Coursework can be made available by mail with no class attendance required, so trainees can upgrade their qualifications and gain work experience at the same time, or, if they are already employed, they can continue with whatever job they currently hold.
The government subsidy enables business owners to invest in the future of their company by harnessing young talent and reducing recruitment and training expenses.
Ultimately, however, it’s the economy as a whole that benefits from government-funded training. For example:
- Entrepreneurs are encouraged to launch business start-ups.
- Members of the workforce are encouraged to develop their skills.
- Those who haven’t yet joined the workforce are encouraged to do so.
- The government is able to tailor programs to meet the needs of specific industries.
Funding the future
Skill shortages are a point of concern in various Australian industries, particularly in those fundamental to the development of the Australian economy, such as mining, information technology, and education.
A generational issue is cited as one of the major contributing factors. Australia has one of the world’s largest aging populations, with a significant portion of the workforce approaching retirement age. The question is whether the workforce can be replenished at a rate that sustains economic growth.
Currently, Australian industries are reliant on migrant workers to provide the required skills, but this is not a long-term solution. The economy depends on organizations being willing to train the future workforce.
So, if you think the idea of government-funded training is too good to be true, you need to realize that they need you as much as you need them. For the Australian government, investing in the future workforce and providing incentives for organizations to do so is a matter of urgency.
Examples of programs on offer:
- Victorian Training Guarantee (VTG): Provides Australian citizens and permanent residents who lack a post-school qualification, or who want build on their current qualifications with the chance to participate in up to two government-subsidized courses at a time.
- Skills for All: A program funded by the South Australian government that subsidizes courses provided by at least 210 institutions, including TAFE SA. Initiatives under the Skills for All umbrella include Skills in the Workplace, through which the government provides funding to employers who want to train skills that are in high demand among South Australian industries. The government funds up to 90% of their training costs.
- Strategic Skills Program: Supports the skills development necessary for the growth of New South Wales’ economy.
- National Workforce Development Fund (NWDF): Will invest over AU$700 million over five years to support training programs that address national skill shortages.
- Australian Apprentices Incentives Program: Provides incentives to Australian employers to invest in training the emerging workforce, particularly in trades that suffer from skills shortages.
Australian citizens and permanent residents all stand a good chance of obtaining the financial support necessary to advance their education. TafeCourses.com.au can help you determine if you are eligible for government-funded training.