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The impact of vocational education and training on company performance

Type:
Document
Content Type:
The impact of vocational education and training on company performance
Language:

English

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english
Identifier
skpEng
Sources:

Other sources

Experts from many international, regional and national agencies generously share their views, experiences and findings on skills, helping policy-makers among other stakeholders to understand the linkages between education, training and the world of work, and how to integrate skills into national development planning to promote employment and economic growth.

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skpOSource
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other-sources
Topics:

Financing of training

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Initial education and training and lifelong learning benefit individuals, employers and society as a whole. Economic principles dictate that the costs for services with public and private benefits should be shared between public and private funding, or else too little training will be provided or taken up. Effective mechanisms for financing skills development vary according to countries’ economic and political circumstances and the degree and level of social dialogue established.

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skpFinanT
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financing-training
Knowledge Products:

Research papers

Working papers, reports, and other publications from international organizations, academic institutions and bilateral agencies. Research findings to stimulate informed debate on skills, employment and productivity issues. 

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skpRPS
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research-papers

Statistical information

Data produced by the international organizations and countries on trends in skills provision, demand, and employment outcomes to help inform policy-making and monitoring processes.

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Identifier
skpStatInfo
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statistical-information
Publication Date:
28 Oct 2013
This study is a meta-analysis of the evidence available in literature on the economic benefits of vocational education and training (VET) at company level. It is based on 62 studies and 264 estimated effects, covering many different company performance and training indicators. The meta-analysis concludes that VET has a positive and significant effect on the economic performance of firms. This result is valid for most performance indicators and VET indicators, and is also robust to the methodology used in the studies. Evidence on the effects of different types of training is limited because this aspect is not recorded in most of the studies. Similarly, a clear relationship between size of investment and size of the effect on productivity was hard to establish for the limited comparability of the VET variables and estimated effects collected.
Subject Tags:

Enterprises

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enterprises
Identifier
175

Financing training

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financing-training
Identifier
673

Productivity

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productivity
Identifier
188

Vocational training

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vocational-training
Identifier
124
Regions: