[VIDEO] Ticker News

“The government is making available to any business, now up until any business and employees anybody new until the end of March in 2022. If they put them into a formal training programme become what’s called a trainee, that business is eligible for almost $32,000”

To find out more and see if you are eligible visit – www.smallbusinessaustralia.org/traineeships

Bill Lang joined Holly Stearnes from Ticker News to discuss the federal budget.

You can watch the segment via the following YouTube video or read the highlights of the transcript below.

(Read time: 1 min)

Holly Stearnes 

Another side of it that we know is like the training side of thing, the Job Trainer it was called, what do we know about that? Because obviously, a lot of businesses were actually struggling, especially in hospitality, to even hire staff and then train them up to the level and it all comes in an expense. So what do we know about that as well?

Bill Lang 

Well look, one of the big issues we’ve got at the moment is in Far North Queensland used to have a lot of international tourists and international students there are businesses up there tourism and hospitality businesses, they cannot find employees.

So when you can’t find readily find employees with the skills that you need, you’re going to have to invest in helping people get trained and upskill them so they can do it. And so the government is making available to any business, now up until any business and employees anybody new until the end of March in 2022. If they put them into a formal training programme become what’s called a trainee, that business is eligible for almost $32,000 out of a say a total training and compensation package for that new employees $56,000.

So the government’s going to help you hire the person and train them and pay for big proportion of their wages and salary. So now’s the time for business to find particularly younger people or other people that need to be re-skilled. Take advantage of, again more than a billion dollars being made available to help you upskill, employee and upskill people.