You are here: Cedefop | Publications | Benefits of vocational education and training in Europe for people, organisations and countries

Publication

Benefits of vocational education and training in Europe for people, organisations and countries

Publication cover

People, organisations and governments invest in vocational education and training (VET) because of its positive outcomes, such as higher wages, improved productivity and economic growth. But VET also brings non-economic benefits, such as lower absenteeism and less crime. Research on VET’s benefits has focused on specific relationships, such its impact on productivity or health. Insufficient attention has been given how VET’s benefits interact in organisations. VET contributes directly to higher productivity by increasing skill levels, but also indirectly by increasing job satisfaction and lowering absenteeism. Using existing and new research covering more European countries, Cedefop’s publication argues that some of VET’s most important benefits are difficult to express in monetary terms. Organisations, individuals and governments, consequently, may not take full account of VET’s benefits when deciding to invest in it. A better understanding all of its benefits may not only influence the likelihood of investing in VET, but is important for organisations competing on the basis of high quality goods and services where skills and attitudes need to combine to bring success.

Download in the following language(s)

EN
Benefits of vocational education and training in Europe for people, organisations and countries
 (PDF 1085.80 Kb DOI: 10.2801/18161 TI-30-12-157-EN-C ISBN 978-92-896-1171-8 03/06/2013)

Posted on 10/06/2013  | Last update on 14/06/2013 Back

Cedefop uses cookies on this website. Our cookies policy explains what cookies are and how we use them.
You can disable cookies by modifying the settings in your internet browser’s options.
By closing this message, you consent to our cookies policy.