Skills, Training & Workforce Development

Queensland’s labour market will be fundamentally reshaped over the next few decades. Unprecedented change and opportunity are on the horizon, with several key disruptors playing a major role in the changing face of Queensland’s labour market. These include rapid technological advancements, a tsunami of big data, diversity and generational change, AI, automation, contingent work, and the change in nature of a career/s.[1]

Queensland is also faced with wide-ranging skills challenges that impact a small businesses capacity to grow. Small businesses tend to under-invest in skills development due to a number of broader market failures including but not limited to a) the ‘poaching problem’ whereby businesses are reluctant to invest in training because they may not ultimately receive the full benefits of such an investment; b) information challenges such as employers experiencing difficulties in the judging the quality of training and how it will be directly linked to improved business performance; c) lack of access to finance to invest in staff due to short-term cashflow pressure and; d) frictional effects whereby businesses with few employees cannot easily release key employees for training.


Recommendations  

  • Establish a Memorandum of Understanding between CCIQ and Jobs Queensland to ensure research and policy development into Queensland’s future workforce encompasses a prescribed industry-led focus.

  • Commit to a comprehensive review of current employer incentive payments with the view to developing policies that support employers throughout the lifecycle of an apprenticeship or traineeship.

  • As a result of a transitioning economy, changes to notions of the traditional workplace and the gig economy, ensure funding is committed to revamping Queensland’s secondary school curriculum with a greater focus on entrepreneurship, business acumen, and innovation.

  • Continue with programs such as the Back to Work- Skilling Queenslander’s for Work and the Regional Skills Investment Program.

  • Invest in education in areas targeting entrepreneurship, particularly in linking universities with small business incubators to generate new businesses.

  • Establish a ‘New Enterprise Allowance’ for young entrepreneurs to encourage them to start or develop a new business. This will comprise of a weekly allowance over 26 weeks in addition to access to mentorship through Business Queensland for youth aged between 18-25 currently receiving federal employment benefits.

  • Commit to investigating a funding program to support the longevity of businesses to improve the business survival rate.

  • Commit to continued support for student and employer choice of Vocational Education and Training (VET) to ensure providers perform to the standards required by industry and remain responsive to the needs of students.

  • Commit to working co-operatively with the Federal Government to ensure training packages are responsive to industry and that the VET system is agile and flexible in its implementation so as to deal with the needs of each industry and the evolving requirements of future skills.


[1] Bersin, Deloitte Consulting LLP, 2018.