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 describes the range of outcome measures used in the VET systems and reviews a range of literature concerning these measures. The report identifies various perspectives on outcome measures - those of governments, of employers, of students and the broader community and how these perspectives influence the type of measures in use. The report covers research related to student outcomes, training markets and outcomes, reducing unemployment as an outcome, industry-oriented outcomes, industry investment in training, VET in schools and outcome measures in the broader context.