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WE LTEC ANNUAL REPORT 2015

Employer measures Employer satisfaction

Māori

Pacific Islander

Under 25

Relevancy of training

87%

100%

91%

Relevancy of qualifications

87%

100%

91%

Work readiness of graduates

86%

100%

89%

Suitability of graduates for employer’s future needs

86%

100%

92%

Student Success measures 2015 Priority Group student success measures are referred to in the Educational Performance achievements in the Statement of Service Performance section.

Outcome 3 Enhancing environmental sustainability

Outcome 4 Contributing to the Growth of the Wellington Regional Economy

During 2015, an internal “Sustainability Re-boot” was launched with an address to staff by the Environmental Manager of Fonterra. A team has been established following this event to champion sustainability at WelTec.

WelTec has a significant measurable impact on the regional and national economies as a result of its operational expenditure and the spending of its staff.

In late 2015, Hutt City Council established a new Environmental Advisory Group which WelTec joined. The aim of the group is to provide feedback to Council on environmental and sustainability issues, and the actions and outcomes of the Environmental Sustainability Strategy Implementation Plan. WelTec continued with its efforts to reduce its impact on the environment with Enviro-Mark NZ Gold standard being retained in 2015.

WelTec adds to the capability and capacity, and hence the performance, of the regional and national economies by educating and training the workforce and by supporting enterprises through research and business services. In 2015, WelTec’s operational expenditure was $55.7M, and it employed 410 full time equivalent (FTE) staff. Just over half (51%) of the operational expenditure was funded from earned income, including tuition fees, teaching contracts and other income. Government grants funded the remaining operational expenditure. The table following shows estimates by Business and Economic Research Ltd. (BERL) of WelTec’s impact at regional and national level. With multiplier* effects, WelTec generated almost $92M of expenditure in the Wellington regional economy and around $140M in the national economy in 2015. Similarly, the expenditure generated a total of almost $70M in GDP (i.e. value added) in the regional economy and almost $96M in the national economy. WelTec’s direct employment is estimated to have generated total employment of 538 FTE jobs regionally and 713 nationally.

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*The direct impacts are multiplied because WelTec’s purchases of goods and services cause the suppliers to increase their own purchases, so requiring the suppliers’ own suppliers to increase their purchases, and so on down the supply chain. The direct impacts are further multiplied when WelTec’s staff, and the staff of the businesses in the supply chain, spend their wages and salaries, so causing shops and consumer service providers to increase their outputs and employment.


2015 WelTec Annual Report