Retraining costs for other trade ( per redundancy ) |
Average number of workers by engineered stone PCBUS , by size : ( see Table 19 ) |
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# 15 |
Out-of-pocket costs for retraining to other trade |
= No . of business closures , by size x Average no . of workers by business , by size x |
% of workers who choose to retrain for another trade : 3 %
We have assumed it is the same for each option across sole traders and small businesses . ( see Table 24 )
Cost of training : $ 13,079 ( Australian Government , no date ) ($ 6,539.50 p . a . over 2 years )
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% of workers who choose to retrain in another trade x Cost of training |
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This is the average cost of Cert III for Civil Construction , Cabinet Making , Tiling and Fabrication Trade . Both the fee and subsidy component .
Time period : based on when engineered stone PCBUs cease operating and considering it is two years of training . Requires a simplifying assumption that workers are displaced at the start of the financial year so they can go directly into training courses .
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