Employing youth boosts contract hope

EMPLOYING more young people is a way businesses can boost their chances of winning State Government contracts.

Employment and Training Minister Graham Kierath is offering the inducement as part of the Priority Access Program which aims to encourage both private and public sectors to take on more trainees and apprentices.

Mr Kierath said his main aim was to reward employers who agreed to undertake recognised training programs in the workplace.

“Priority Access is an accreditation system which will consider each business’s commitment to training as a pre-requisite to the allocation of large State Government contracts,” Mr Kierath said.

“Soon, only registered businesses will be eligible for most government contracts over $150,000.”

Mr Kierath said businesses tending for State Government building and construction contracts valued at more than $150,000, or goods and services contracts valued at more than $500,000, would need to acquire accreditation to obtain contracts.

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BN30 Index

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1 year TSR5 year TSR
167thMineral Resources57%20%
242ndAtlas Iron31%-58%
345thWoodside Petroleum13%3%
473rdFortescue Metals Group-9%7%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
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1st-Fortescue Metals Group$10,999.7m
3rd-Woodside Petroleum$5,715.9m
4th-Mineral Resources$1,470.4m
5th↑Atlas Iron$896.6m
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Fortescue Metals Group

3rdNev Power$5.324m
645thMark Barnaba$223k
761stSharon Warburton$170k
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