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Workplace Training. Redefined. Example Presentation Booklet. Maximising Education Funding. It’s all about dollars. ACFI is a tool. So is Education Funding They both provide capital Allowing you to operate You either control it; or it controls you
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Workplace Training. Redefined. Example Presentation Booklet Maximising Education Funding
It’s all about dollars • ACFI is a tool. So is Education Funding • They both provide capital • Allowing you to operate • You either control it; or it controls you • Mastering education funding means mastering education opportunities – and that will change your facility!
And that is how you hit 44 / 44 We take your facility from: • Disenfranchised staff • Toxic culture • High risk And work with you so that you get: • Engaged team • Outstanding customer experience • Low risk
But its complicated! • There are so many RTOs; and so many types of education funding • The amounts, eligibility criteria and funded courses changes regularly • Each RTO will give you a different story • You are flat-out running a facility – now you need to be an education expert as well?
KISS Principle for Education Funding • 5 main types / most common 3 • Eligibility criteria is 90% the same • Useful tool • 3 Takeaways
$ - Skills Victoria / Victorian Training Guarantee • State based • Pays RTO directly – unit by unit in arrears • Most popular funding type in Victoria • Cover you for: - Cert III HSS for your domestic staff - Aged Care/ L&H programs for carers - Cert III in English for all staff • Usually not available for existing diploma/ degree holders • Eligibility – Aust PR/ Citizen; Upskilling
$ - Federal Traineeships / Apprenticeships • Administered by an AAC • egVecci, MEGT, Sarina Russo (the annoying letters) • Federal Government • Paid to Employer directly either in installments or lump sum at the successful completion of the course • Eligibility criteria similar to Skills Vic. Additional 7 year rule
$ - DoHA - Aged Care Worker Incentive • Incentive payment paid via Medicare directly to the worker • Designed for ‘direct care workers’ in aged care doing one of 8 courses • Usually $1000 = $500 after 28 days & $500 upon completion • Easy paperwork
$ - WELL – Workplace Eng Lang & Literacy • Federal program • Highly tailored course • Usually 75% funded • $100K needs $25K co-contribution
$ - Workforce Development Fund • Federal funding • Wider scope available for funding • ie does not have to be accredited course or students upskilling • Problems • time intensive business case to be submitted • takes around six months of work/ waiting
The best three at this stage • Skills Vic / Victorian Training Guarantee (VTG) • Federal Traineeships • DoHA Incentive for staff • Should be able to: - cover cost of majority of courses 100% - create ‘funding bucket’ in order to pay for some FFS - incentivise staff through new quals and incentives
3 Takeaways • Look across whole facility – not each course in a vacuum • Right now with funding you should be able to: • Pay for majority of courses • Receive a bit extra to cover unfunded, gap filling, etc • Be able to incentivise staff thru quals& bonuses • Changing all the time – act now Do not wait
Office The Stables 502b Albert Street East Melbourne VIC 3002 Talk to us Post PO Box 42 East Melbourne VIC 8002 Web education4life.com.au facebook.com/education4life Tel (03) 9999 8307 Fax (03) 8679 3616 Michael Maher info@e4l.com.au