According to the EU SILC 2022 indicators the median income in Malta is of €18,155 per annum. Consequently, when considering the size of our workforce, there are currently around 147,000 workers whose income falls below this level. Such consideration is relevant in the context of the debate on the need to upskill and train our workforce. How realistic is it for an employee who is already struggling to make ends meet, especially at this moment in time whereby the cost of living is soaring, seriously consider upskilling or corporate learning? Most likely, the only thing they would consider is how to boost their income by seeking part-time employment? Hence, the notions of corporate learning, training and upskilling would be akin to irrelevant or just pie in the sky for low income workers.  

This is why government must roll out incentives to promote corporate learning among low-income earners if it means business when it harps on the need to enhance workforce skills, improve employability, and reduce income inequality. There are various options worth considering achieving this goal:

  • Subsidized training programs in collaboration with unions: Government can establish and fund training programs specifically designed for low-income workers. These programs can cover a wide range of skills, from basic literacy and numeracy to advanced technical skills required in specific industries. By subsidizing the cost of training, government make it more affordable and accessible for low-income individuals. Unions who have already their own educational arm, can be roped-in through various incentives.
  • Tax incentives for employers: Government can provide tax incentives to companies that invest in employee training and development, particularly for low-income workers. These incentives can take the form of tax credits, deductions, or other financial benefits, encouraging businesses to prioritize training as part of their corporate culture.
  • Vocational schools: These offer affordable training programs that are accessible to low-income individuals. Government can allocate funding to these institutions to expand course offerings and increase capacity, ensuring that more individuals have access to quality education and training.
  • Apprenticeship Programs: Such programs can provide a structured pathway to acquiring skills and gaining valuable work experience. Government can partner with employers to create and expand apprenticeship opportunities, offering financial incentives to both employers and apprentices to make these programs more appealing.
  • Lifelong learning accounts: Government can establish savings accounts or tax-free savings incentives specifically for educational purposes. These accounts can help low-income earners save for ongoing education and training, making it more financially feasible to invest in their career development.
  • Public-Private Partnerships: Collaborative efforts between the government and private sector can result in innovative corporate learning programs. Government can incentivize businesses to partner with educational institutions or nonprofit organizations to create training initiatives tailored to the needs of low-income workers.

These initiatives can create a more inclusive and skilled workforce, reducing income disparities and enhancing overall economic growth. Promoting corporate learning among low-income earners is an investment in the future prosperity of individuals and the nation as a whole.