There are a number of factors that might prevent someone from playing a part in the labour market from long-term illness, caring responsibilities or just getting to work. Key ask three from our Manifesto: ‘Dynamic labour markets for growth’ explores how to ensure that everyone has access to opportunities and addresses the barriers that restrict people from entering the labour market. Within our manifesto we provide specific recommendations to the government which include: 💡To reform the #ApprenticeshipLevy. 💡Commit to funding local rail and bus links 💡Expand the eligibility for 30-hours childcare entitlement. 💡Consult on and publish plans to increase the childcare workforce. Explore the details of key ask three via the link below 👇 https://bit.ly/4997Crh #PowerOfRecruitment #RECManifesto #FutureOfWork
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Week three and we are continuing our journey with key ask three from our Manifesto: ‘Dynamic labour markets for growth’. This ask explores how to ensure that everyone has access to opportunities and addresses the barriers that restrict people from entering the labour market. This has never been more important given current levels of economic inactivity and the inequalities in society. Within our manifesto, we provide specific recommendations to inform the next government which include: 💡To reform the #ApprenticeshipLevy so everyone can work and learn. 💡Commit to funding local rail and bus links so people can get to work. 💡Expand the eligibility for the 30-hours childcare entitlement. 💡Consult on and publish plans to increase the childcare workforce. Explore the details of key ask three via the link below 👇 https://bit.ly/4997Crh #PowerOfRecruitment #RECManifesto #FutureOfWork
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Another session with corporate leaders to talk about how employers can do more to support working parents manage the costs of childcare across the country. For more info, read on...
10KSB Goldman Sachs Alumni. Founder of Hatching Dragons, UK's leading bilingual education group. Passionate believer in language, education, and getting our children offline
Fascinating discussion this morning with the City of London Corporation regarding #workplacenurseryschemes and the benefits it can provide working parents. It was a delight to see a Local Authority taking Diversity & Inclusion so seriously, with working groups set up for both the Women's Inclusion Network and Parent & Carers Network. Thanks so much to Paul Wilkinson for inviting us to talk through the proposition and how it can turn full time childcare fees of £1781 (the London average) to a matter of a couple of hundred pounds a month, giving you more money for pensions, savings, mortgages and more. You can find out more online https://lnkd.in/diJcUm5y #employeebenefits #returntoworkscheme #freechildcare #costofliving Tabitha Swann Alastair Wainwright Sally Gadson Emily Garland Willow Welch
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According to our SMETA report, we are demonstrating good examples with the following: ✔️All workers receive wages well above the legal minimum (Our starting salary is 84% higher than the minimum wage). ✔️ Free meals and Tea for all workers ✔️ Nursing mothers leave an hour early ✔️ Free childcare for mothers with children from 2-4 years. We want to lead by example, showing that fashion can embrace both style and a strong dedication to people and the Earth. To find out more about how we work, get in touch today! #clothingfactory #ethicallymade #peoplefirst #sustainablefashion
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“Early childhood educators remain some of the lowest-paid workers in Australia,” Georgie Dent, CEO of The Parenthood, told Euan Black from The Australian Financial Review. “It is skilled, demanding, valuable work, and the remuneration needs to reflect that.” The country’s largest early childhood education, Goodstart Early Learning says workers are leaving the sector for higher-paying roles in industries such as aged care, as calls grow for the federal government to fund a pay rise for early childhood educators or risk its early childhood agenda. The warning comes as aged care providers – backed up by data from jobs site SEEK – reveal labour shortages in their sector have eased significantly thanks to increased migration and a big bump in wages. Economist Chris Richardson said the aged-care pay rises were fair and necessary given the sector’s historic underpayment, but could also fuel labour shortages in other industries and push up inflation. Now the pressure is on the federal government to fund a similar increase for early childhood workers. Georgie Dent said she expected the Anthony Albanese government to act on this either in the federal budget or the weeks leading up to it. She said there had been a “mass exodus” of early educators and teachers during the pandemic and stemming that loss was “absolutely critical to the government being able to realise its vision around early childhood education and care”. Read the full article here: https://lnkd.in/gMZt_Drn
Childcare workers desert industry for higher wages in aged care
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Educator and Advocate, committed to building partnerships that strengthen our communities and provide opportunities for all to excel.
It’s economic policy- we need more American workers and therefore we need the infrastructure to allow people to enter the workforce. This includes transportation and childcare. It’s this kind of inclusive capitalism that will support economic growth. #NSCSummit2024
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The Trades Union Congress (The TUC) annual Women’s Pay Day shows the average gender pay gap is 14.3% but that rises to 21.3% for employees in the education sector. An accessible and high-quality early education and care system is vital for families, children and the health of the economy. The Centre for Progressive Policy revealed that working mothers could boost their earnings by £12 billion if they had enough affordable childcare. The early education and childcare workforce is predominantly female and the biggest factor in addressing pay for our sector is Government underfunding. If hourly rates for places don’t keep pace with rising costs and wage increases then employers are unable to recognise and reward their staff in the way they deserve. Investing in early education and care helps boost our economy, gives children the best start in life and can address pay challenges in our sector. What do you think? Let us know in the comments 👇 #GenderPayGap #WomensPayDay #Nurseries #EarlyYears #Childcare #Education #Nursery #EYFS #CurriculumForWales #ELC
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Australia’s Labor government getting ready to pitch for the next election by promising $8bn of additional childcare funding to provide a flat fee for all families. Fair, yes. Funding directed towards those who need it most? No. Achievable? Probably not, because we don’t have enough childcare workers. A well-directed use of government money? No. Vote-winning? Absolutely? How will government increase the workforce for childcare? They’ll raise wages, of course, this is a Labor government. What impact will that have on the sector? Raise costs and lower profitability for private sector operators.
Flat-fee childcare to spearhead PM’s second-term agenda
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As part of our dual mandate to maximize employment and stabilize prices, we are working to understand how access to childcare can affect workers and the economy. Learn more in our recent Chicago Fed Insights Fact Sheet. https://bit.ly/42Nqfid
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In an equitable economy, all workers have the resources required to thrive. We need to take a systems-level approach to workforce development and consider how childcare, transportation, housing, and other issues affect workers. #WkDevMonth24 #WorkforceWednesday
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Few people know more about the cost of childcare and early education to professionals than an economist. And when that economist is AMP Deputy Chief Economist and mum-of-two Diana Mousina? Stick a fork in me because I am done! I love Diana’s fact-based take on this topic, combined with the authentic personal twist we’re all looking for in the content we consume on social media. For my working parent community, what does your cost/benefit equation look like when it comes to childcare? Check out the video below and join the conversation in the comments.
The costs and benefits of being a working parent from an economist! Childcare is getting some attention again as the Government is pledging a 10% wage increase from Dec 2024 and another 5% from Dec 2025 if providers agree to cap fee increases. This was already part of the discussion in the Budget and in the Fair Work Commission decide in June so isn't a huge surprise. It lines up with the wage increases given to aged care and healthcare workers and will help to support the much needed flow of workers into the childcare industry. On my calculations it will add 0.2ppt to wages growth over 2024-25 and just 0.1ppt to 2025-26 - not much at all in the big scheme of things. Follow the AMP economics team on instagram or TikTok for other relatable and interesting content about economics, markets, investing and life! https://lnkd.in/dxH9adz9 https://lnkd.in/dqY8BT6V
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