Some of Australia’s top employers have vowed to hire thousands more workers after the landmark budget handed down by the government on Tuesday included a range of incentives.
The lockdowns particularly affected the private sector, which employs eight in ten Australians.
The pandemic has left the unemployment rate at 6.8 percent and millions receiving government subsidies such as JobKeeper.
But under a new plan, eligible employers would be able to receive $200 a week for hiring a worker aged 16 to 29, or $100 a week for Australians aged 30 to 35.
Business can receive a maximum of $10,400 for every new employ they hire thanks to the new budget released on Tuesday (pictured, Sydney tradespeople on Sunday)
Employment fell dramatically due to coronavirus lockdowns. Prime Minister Scott Morrison has announced a plan to hire 100,000 apprentices to ‘get young people working again’
Business can receive a maximum of $10,400 for every new employ they hire.
On top of this, companies who take on new apprentices may be eligible for a 50 per cent wage subsidy aimed to create 100,000 trainee jobs.
Mr Morrison said apprenticeships are vital to get young people into jobs during the difficult time.
‘Whether it’s the manufacturing, housing and construction, arts or mining sectors – this new wage subsidy gives businesses certainty to hire and provides a career path to aspiring, young tradies,’ he said.
Chefs will be in hot demand in coming years, according to Australian Hotels Association chief executive officer Stephen Ferguson
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Some of the sector where jobs are expected to grow include:
*Hospitality jobs, such as chefs
*Agriculture and horticulture jobs
*Child care occupations
*Construction sector trades
*Manufacturing sector trades
*Engineering and technician trades
*Property sector jobs
*Aged care sector jobs
Another major move to cushion the blow of COVID for business was the announcement that companies with turnovers of up to $5billion can now write-off the full value of an asset in a single year.
Jayco caravans owner Gerry Ryan told The Australian the generous budget was a big boost to business confidence and should spur on investment in manufacturing and the property sector, and would encourage them to create more jobs.
‘It allows business to keep people employed and put more people on, and then they spend more dollars out there, buy more goods and therefore GST gets paid. Companies make more profits and therefore pay more company tax and payroll tax,’ he said.
Another Australian billionaire Anthony Pratt, who is the executive chairman of cardboard box maker Visy, also expects the a boom in jobs growth.
‘It will be a real boost to Australian manufacturing. Reducing the cost of capital will spur capital formation and thereby create more jobs,’ Mr Pratt said.
One of the biggest boom areas is expected to be the construction sector.
‘As part of the COVID-19 economic recovery plan we have invested an additional $11.3billion focused on shovel-ready projects across the country,’ Mr Morrison said.
Australians could soon have thousands more jobs to choose from thanks to incentives in the budget (pictured, workers outside the Reserve Bank of Australia on Tuesday)
‘This investment through Tuesday’s budget will boost the national economy and is part of our plan to support an estimated 30,000 direct and indirect jobs across the nation.’
Another major winner is predicted to be the struggling hospitality sector which has been decimated by ongoing lockdowns.
Australian Hotels Association chief executive officer Stephen Ferguson said the food service industry had 11,290 apprentices but needed thousands of new chefs over the next few years.
‘This will be a massive benefit to us, whether it be for a junior apprentice or mature age worker wanting to re-skill, especially as the industry is projecting a need for 16,800 chefs over the next five years,’ he told the Daily Telegraph.
Prime Minister Scott Morrison working on his pre-budget address on September 30. Budget 2020 has been flagged as a ‘jobs budget’ to pull Australia out of coronavirus recession
Manufacturing jobs benefited thanks to Tuesday’s budget with a $1.3 billion grant program to ease Australia’s dependence on fragile global supply chains
Source: Daily Mail AU