Education is one of the most important gifts we can give young people.
This gift is something that for most Australian’s is easy enough to access yet there are young people that are lacking the support and encouragement they need to begin their journey in higher education.
A 2012 OECD report into Australia’s educational landscape found that nearly 45 per cent of 25 to 34 year olds had attained tertiary education. Having a tertiary education has become an almost necessary part of the career pathway, particularly in the business and accounting sector. However, this yellow brick road is not always accessible for young people with the pressures of financial support, personal or lifestyle challenges preventing them from taking those first steps on the pathway.
The ability to help a young person to transform their lives, complete a qualification and secure a stable job has benefits beyond the individual and can extend throughout the community.
It is with this appreciation of the enormous cultural, community and economic benefits of education that in 2009 a group of accountants and business people from this region came together to help young people realise their potential and provide opportunities to access education pathways in accounting and business.
The Bean Counters initiative has created avenues and greater opportunities for Hunter youth to access local educational providers, for which this region is so renowned, where they otherwise may not have.
Over the years support from the business community has grown significantly and so has the level of assistance we are able to provide the young people that need it most. This initiative has produced some very tangible results in just five years, not only do the education opportunities created provide one young local person with a career pathway and support, it is also creating a culture within our community that sets a benchmark in educational assistance.
The unique partnership Bean Counters has with Samaritans and the Hunter TAFE Foundation is one that truly understands the value and importance of creating education pathways for the region’s youth. These partnerships have facilitated the development of an effective and targeted program of support that ensures we invest the funds raised annually in such a way that creates the best outcomes for the young people we support and for the community as a whole.
By investing in education pathways for the youth of today business and industry can help shape the region, create centres of expertise and transform lives for tomorrow.
Chad Rapsey is the Director of Rapsey Griffiths Insolvency & Advisory.
Whether it is a complex or seemingly straightforward matter, his focus is on developing strategies and taking a pragmatic approach to assisting companies or individuals recover from financial distress.
Chad is approachable in nature, enabling him to work with the wide range of stakeholders involved in his work. A specialist in the insolvency and turnaround space, he works with clients across personal and corporate insolvency administration including receiverships, voluntary administrations, liquidations of all types, Part X and bankruptcy.
If a turnaround option is not available in a situation, Chad prides himself on acting positively to implement strategies to mitigate losses for all.
Chad was the Chairperson of the Hunter branch of the Institute of Chartered Accountants from 2012 to 2015 and is a current Director of Path 2 Change, a community-based organisation that aims to prevent and reduce homelessness.