The Federal budget 2020 announcement is currently all over the news, and while it might be tempting to go, "eh, so what", you really should care: this budget has a few implications for young Australians, especially those looking for jobs and career pathways going forward.
This is what you should know:
- The JobMaker Hiring Credit, which will give $200 a week to employers who hire anyone aged 16-30, and $100 a week for any worker aged 30-35. New employees must be hired between October 7, 2020 and October 6, 2021, work an average of at least 20 hours per week, and have been on JobSeeker, Youth Allowance or the Parenting Payment for at least one of the previous three months.
- The already announced $1 billion JobTrainer program, which provides more low-cost training places for school-leavers.
- The Boosting Apprenticeship Commencements (BAC) scheme that offers $1.2 billion towards wage subsidies for 100,000 new apprenticeships and traineeships.
- The government is funding some 50,000 new highest education short courses in agriculture, health, IT, science and teaching, but details are TBC.
- The 19% tax threshold has been permanently lifted from $37,000 to $45,000, and people earning between $45,000 and $90,000 will receive a tax cut of $1,080, on top of the $1,080 provided under the Low And Middle Income Earner Tax Offsets (LMITO).
- Our recent Skillsroad Youth Review found that mental health issues are young Australians biggest concern: so good news from the budget is that the number of Medicare-funded psychological services will be doubled from 10 to 20 per year. More funding is also being provided for Lifeline, headspace, Beyond Blue and Kids Helpline.
So, basically, businesses and employees are being rewarded for adding young talent (that’s you, BTW) to their workforce. So make sure you understand what the budget means for you, and start getting on top of your future plans!
Remember, too, that the core aspects of future-proofing your career decisions haven’t changed much:
- Think skills, not roles – when you focus on developing and growing your natural skill sets (both primary and secondary) instead of fixating on a specific job role (that will probably change or disappear going forward anyway), you set yourself up to become more resilient in the future. In other words: relying on your skills makes pivoting way easier. Also, if you do something you’re good at and already enjoy, it makes it much likelier that you’ll be happier in your job.
- Our so-called “soft skills” are becoming even more important than ever before. Developing the qualities of curiosity, adaptability, initiative, creativity, leadership, critical thinking skills and good communication skills will always stand you in good stead, no matter what happens in your career.
As it happens, getting started as an apprentice or trainee at a business you like is a brilliant way to start honing all aspects of both points a and b above. Here are five more reasons why we think doing an apprenticeship or traineeship is a great idea.
You’ll be extremely employable
One of the big challenges businesses face is to find employees with the right skills and practical experience to ensure the future growth and resilience of their industry. They want to know that they have the right people on board to help them weather storms (such as what is happening with Covid-19).
Here’s where an apprentice or trainee comes in: you’re acquiring valuable skills and practical experience right from the get-go in an actual working environment, which seriously improves your resume and employability when you’re done with your training and studying.
An apprenticeship or traineeship will also improve your life skills and ability to communicate with others and work in a team – your future boss is more likely to give you the job if they know you already understand what it takes to fit into a workplace and get the job done. In fact, it’s possible that your current employer might even offer you a permanent position after you’ve done your apprenticeship!
Also remember that apprenticeships or traineeships aren’t just for younger people. Anyone who is not already in full-time education can enrol: it could open the door to a long-wanted career change!
You’ll get to earn while you learn
The thing about an apprenticeship or traineeship is that you can start earning right off the bat. So yes, while it is hard work to be working and studying at the same time, you’ll be able to start saving for future goals, because you’re earning wages. And once your training or apprenticeship is done, you’ll have a nationally recognised professional qualification, which makes it likely you’ll walk into a better-paying job than your recently graduated uni-going peers.
Here’s another interesting fact: there are no tuition fees or costs to you as a learner when taking part in an apprenticeship or traineeship program. Instead, the Government provides funding and incentives to employers to help them set up good apprenticeship and traineeship programs, and you benefit from this!
Check out some of the jobs in our video below that you could get by starting an apprenticeship or traineeship.
*Average Annual Salary information sourced from joboutlook.com.au
You can test drive a career
Choosing to do an apprenticeship or traineeship gives you more flexibility in terms of deciding on a career. You might have something in mind, but once you’re on the job you find out that it’s not for you. No sweat: you can make a career shift without worrying about the time and money invested in you like if, say, you’d been pursuing a uni degree and decided at the end it wasn’t for you (as you have to pay for each unit you start at uni).
You’ll also discover way more about your natural skills and interests while doing an apprenticeship or traineeship, which can often make you aware of different opportunities and career pathways in industries you didn’t even know about before. This is especially true if you try out a School Based Apprenticeship Program (SBAT) or pre-apprenticeship program – check with your career advisor what kind of programs your school supports and if you’re keen, our friends over at Apprenticeship Support Australia
can help answer any of your questions if you want to find out more information around getting yourself a job that doesn't require a degree.
Have a job in mind, but not sure if it’s the right fit for you? Check out our Job Fit test to see how the odds stack up in your favour!
Mentorship and coaching
One of the biggest benefits of an apprenticeship or traineeship is that you’ll have access to professional mentors and practical coaching opportunities to guide and support you: your new boss is an expert in their field, after all! Usually, apprentices and trainees have access to comprehensive training and support, as well as a course mentor to offer the additional help and resources you need to improve your skills and complete your studies successfully. You won’t be in this alone.
It’s about who you know…
Completing an apprenticeship or traineeship will help you build links to local businesses and industries: networking FTW! It can open doors to many new opportunities and could even set you up to become your own boss, if that’s what you want. The knowledge and skills you gain from the pros you meet and work with will help you navigate a successful career in future. Don’t forget that you’ll probably also be making some lifelong friends while completing your apprenticeship and traineeship!
Want to learn more?
Find out more about what an apprenticeship or traineeship entails below: