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Assessing VET’s benefits
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Vocational education in a lifelong perspective and the VET systems in Germany and Austria were the themes of two interventions made by Cedefop Deputy Director Christian Lettmayr at the Global HR Forum 2013 in Seoul, South Korea (5-7 November).
The growing importance of cooperation and networking in improving visibility of vocational education and training (VET) was at the core of the 11th plenary annual meeting of ReferNet, Cedefop’s European network of VET, on 5 and 6 November.
Participants in Cedefop’s conference on work-based learning (12-13 June) called for the implementation of European Union (EU) policy initiatives on developing apprenticeship and other forms of work-based learning across Europe in order to address rising youth unemployment. The conference gathered more than 150 experts on vocational education and training from around the world, policy-makers from the European Commission and Member States as well as social partners’ representatives.
Job satisfaction is no luxury: it is an integral part of human resource policy and considerably affects productivity. But the relationship between job satisfaction and training varies significantly across sectors. This may be due to factors such as working practices in the sector, the technology used in production process, and social and cultural norms. The latest in Cedefop's series of studies on the benefits of vocational education and training discusses the variance of job satisfaction among sectors, and what role national or regional growth strategies can play in improving it.
This report examines the economic return on vocational education and training (VET) for individuals across the EU. The benefits analysed are the private ones that accrue to individuals who receive training. The findings show that, in terms of wages and employment prospects, returns on secondary (but non-tertiary) initial VET are of the same order of magnitude as those characterising tertiary general education.
As part of the general examination of the benefits of training, in this publication Cedefop looks at the economic returns that accrue to individuals who receive training.
Training has been found to be of benefit to employees and to improve overall economic performance. But does it also benefit the workplace?