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COVID-19 Business Continuity – 28th May

I’m here with the COVID-19 business continuity update on Thursday 28th May.

On Tuesday 26th May, the prime minister announced the JobMaker program as a way to lift employment to support our economic recovery. There are two main aspects of JobMaker that will be relevant to Tenfold clients:

1. JobMaker: skills and training
2. JobMaker: industrial relations

1. JobMaker: skills and training

Under the JobMaker plan, federal government funding will be directed to courses that provide skills based on what businesses need.
$1.5 billion is provided annually to state governments for skills and training. The funding model will be revised to simplify the system, introduce uniformity across states and territories and ultimately bolster skills.

Note: There is no plan to increase the funding but there will be more monitoring of the value delivered (i.e. skills) and much greater accountability of the performance of vocational providers.

What this means for your business
In the past we have seen private colleges like Sage promoting massage courses and getting bucket loads of government funding.
Going forward, I expect to see funding redirected to courses that produce business-ready skills.

Imagine if there was a 10-week course that at the end produced a good quality scheduling coordinator who could add value to your business from their first day in the office. Or a job candidate who did a government funded course that gave skills and experience to run simPRO, AroFlo, or whatever job management program you use.

Instead of recruiting good people and training them from scratch, we’d be looking at new employees who would come ready to contribute value to business straight out of the blocks.

This supports the theme that I’ve been talking about over the past 2-3 months with our business coaches: support and stimulus to help small and medium businesses employ more people.

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2. JobMaker: industrial relations

The PM also announced a plan to review and change Australia’s industrial relations system.

The five key areas that will be targeted are:

  1. Fair Work Commission’s ‘better off overall test’ (BOOT) for enterprise agreements;
  2. The complexity of the modern awards system;
  3. The future of casual work;
  4. Greenfields agreements for small businesses; and
  5. Systemic wage theft

The working groups, led by IR Minister Christian Porter, will consult with employer groups, governments and unions between now and September, with legislation to be put to parliament later this year.

What this means for your business
My read of this plan is that it follows the government mantra of more jobs, quickly.

Unions want more people employed and businesses need industrial relations regulations that are simpler and less of a minefield. The mandate for these working groups to get real outcomes can only bring good stuff for small businesses.

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We’ve been told that this is only the tip of the iceberg and there will be more JobMaker announcements in the future. The JobKeeper support is fantastic, but JobMaker is what we need going forward to enable good business models to grow. Keep discussing these initiatives with your business mentor and planning and preparing your business for the future.

This is one of the most exciting times to be involved in small business.

Ash

Ashley Thomson B.Eng(Hons), Grad. Dip. Mgmt, MEI
Managing Director
Tenfold Business Coaching

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