This book reports an attempt to replicate, for Australia, overseas survey results on the payoff to enterprise training. Some of the results are: * Australian firms provide extensive training for their incoming employees and capture nearly all the resulting productivity gains. * The profitability of firms is directly related to the amount and quality of training that they provide. * The profitability of training is particularly high for training that is highly specific, rapidly accomplished and related to the introduction of new technology. * Informal learning is regarded by many businesses as superior to formal classroom training in terms of its impact on profitability and productivity.
This report presents indicators available for international comparisons of vocational education and training. It examines a range of data collections, cultural variations and differences in policy objectives across countries. The study can assist educators, policy-makers, researchers and society in general to measure progress towards the realisation of national education and training goals, with the aim of improving education and training systems.