Upskilling GenY As Part Of Your Business Planning
With Gen Y rapidly scaling the managerial ladder (with lightening quick download speed) and Baby Boomers getting ready to retire. What sort of a world can we expect within the next 5 to 10 years?
“If by age 30 you’re not making more than what your parents currently do, you’ve not been successful in your career.” Anon Gen Y-er
Source ‘Managing Gen Y and Gen Y as Managers’ Lauren Johnston.
Is Gen Y up to the job?
A recent ABC news article stated that;
‘The Canberra Business Council says the global financial crisis has masked the issue over the past 12 months but as the economy recovers the problem is re-emerging. Chief executive Chris Faulks says thousands of baby boomers are expected to retire in the next five years, peaking in 2012.
“We’re going to see a lot of people exiting the work force at that point and not enough people to replace them,” she said.
“We are facing a very, very significant skills shortage and that will impact on the capacity of business to grow and also the economic wellbeing of the economy here.”‘
If you haven’t already heard about the Govt incentives for up-skilling, you will no doubt be hearing about it soon. If you have eligible staff members, it’s worth looking into.
Steve Logan from EIM Training has this to say;
‘EIM believes that the Existing Worker Government Funded Traineeship Scheme is beyond a shadow of a doubt the most effective and flexible way of increasing staff skills and staff productivity, decreasing staff turnover and considering in most cases employees can be funded through to Diploma level this can only be a good thing. Employers need not even spend their own money in most cases, as the Government provides funding for these courses to eligible candidates. With an increase in industry specific qualifications becoming available, more and more companies are now looking to organisations like ourselves to assist in their ongoing development. And why not? After all in most cases its free!‘
Is it time you up-skilled yourself or your staff?
