Post COVID economic recovery
Supporting businesses and job seekers with post COVID economic recovery
Job Readiness Training delivers online training directly to individual subscribers, and at the enterprise (large-scale) level, supporting governments and large employers to deliver materials that are designed to support post-COVID economic recovery. Because of the unique and scalable nature of our online training, a number of our courses have been shortlisted for global employability awards in 2018, 2020 and 2021.
We are an Australian-based company that deploys online training resources globally. Our materials have been designed specifically to support business owners, operators and employees with the skills needed for post COVID economic recovery.
In its paper COVID-19: Small Business Roadmap for Recovery & Beyond, Deloitte stated “As the backbone of the Australian economy, it is imperative that our small businesses not only adjust and recover, but are also set up for success in the “new normal” future. Every decision made now, could impact a business’ ability to thrive in the future. This will require extraordinary flexibility, coordination, and resilience during what may be a protracted period of recovery.” Deloitte identified the following skills requirements for Australian businesses:
- Developing 21st Century skills including digital skills, technical skills and soft skills
- De-risk businesses by improving processes focused on customer, cashflow and supply chain
- Leverage the workforce through life-long learning and development of job readiness skills and soft skills
Despite government support provided by the JobKeeper scheme, Australian unemployment and underemployment statistics during 2020 paint a chilling picture.
Unemployment increased to 992,300 people by June 2020 and the unemployment rate increased to 7.4% The underemployment rate increased to 11.7%.
Employed People
Source: ABS June 2020
Unemployment Rate
Similarly, the number of workers on UK company payrolls fell by 649,000 between March and June 2020, with significant additional layoffs seeming likely once government furlough payments are reduced in October.
The situation in the USA is similar. Nearly half of the US workforce is without a job, showing how far the post COVID economic recovery has to go.
- The employment-population ratio — the number of employed people as a percentage of the U.S. adult population — plunged to 52.8% in May, meaning 47.2% of Americans are jobless.
- The country is hard pressed to hire back the more than 20 million workers who lost their jobs in March and April 2020.
- The unemployment rate in June 2020 was 11.1 percent, the Bureau of Labor Statistics said, down from a peak of 14.7 percent in April but still far above the 3.5 percent level notched in February.
Training designed to support post COVID economic recovery
Regardless of the market you are in, the training materials on our portal have been designed to help skill our customers with comprehensive, easy to learn training which has been categorised as follows:
- Post COVID back to work job readiness training
- Post COVID economic recovery training for business
- Post COVID soft skills training
All users who complete their training will access a course completion certificate and will be able to add a Job Readiness Training micro credential to their LinkedIn profiles.
We have researched the industry sectors most affected by the COVID-19 pandemic. Our research has revealed similar trends in markets across the planet. The University of Melbourne (https://pursuit.unimelb.edu.au/articles/who-s-hit-hardest-by-the-covid-19-economic-shutdown) has published a recent report that outlines how some people in Australia have been among the hardest hit economically – broadly speaking they are low wage workers, women and young people.
Directly hit industries are those which were largely forced to cease operations as a result of public health measures. These include sectors like hospitality, air travel and tourism, creative arts and entertainment, and sports and recreation.
Secondarily hit industries are those which, while still able to continue operating, experienced precipitous declines in business.
These include store-based retail, tertiary education, mechanics and motor vehicle retailing, and accommodation. 28 per cent of all workers are in these hard-hit industries. Additionally, 17 per cent of people aged 15 to 66 live in a household in which the main earner is employed in one of these industries.
Nearly 60 per cent of workers in directly affected industries have no post-school qualifications, compared with 34 per cent of workers in secondarily affected industries, and 28 per cent of workers in the less affected industries.
