IITD Comment on Budget 2019

IITD Comment on Budget 2019

 

Invest in future proofing workforce skills to drive employment growth and enterprise productivity and innovation

 

Irish Institute Training & Development response on the Budget 2019 Statement

 

Responding to the Budget Statement Sinead Heneghan, CEO IITD commented

 

Budget 2019 sees an increase of the National Training Fund levy from 0.8% to 0.9% contribution from employers. It is essential that the additional and refocused expenditure of the Fund are spent on increased support for in-company training and programmes relevant to employers needs particularly SMEs, to address growing skill gaps in the Irish economy”.

 

Ms Heneghan stated that “Additional investment is necessary to future proof workforce skills and underpin enterprise productivity and innovation. Greater investment in the development of workforce skills will improve workers career prospects and employability”.

 

“The Irish Institute of Training & Development welcomes the planned reform of the National Training Fund through a greater say for employers in informing priorities, more transparency and stronger evaluation. This will ensure that Higher Education and Further Education and training provision is aligned to local and regional needs.

 

Greater collaboration between employers and Higher Education in the design and delivery of programmes, including structured work placement, will ensure that graduate skills are matched to future job opportunities. This partnership will result in shared insights and perspectives into the workforce of the future and be of benefit to both graduates and enterprises.

 

“Increasing our level of lifelong learning will help individuals from operatives to managers successfully adapt to skills challenges arising from market demands, digitisation and Brexit.

 

As a small open economy, Ireland needs the right skills capability to compete on world markets.”

 

Sinead Heneghan,

CEO Irish Institute of Training & Development

Sycamore House Millennium Park

Naas Co Kildare

Tel: 087 638 5406

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