This book provides an overview of approaches to assessing returns on investment in training. It also introduces readers to practical strategies for calculating these returns.
This publication, edited by Andrew Smith, summarises the outcomes of research projects funded by the National Research and Evaluation Committee on the subject of return on investment in training.
A new body of research has just been completed on the returns to investment in training in Australia. Prior to this research effort, little empirical research had been undertaken on the returns to training in Australia. This research at a glance synthesises the findings of the recent Australian research.
This report uses the Australian Bureau of Statistics Business Longitudinal Survey to explore relationships between training, innovation and firm performance of Australian businesses with less than 200 employees.
This report surveys European and United States approaches to public funding for post-compulsory education. It discusses the concept of entitlement which, in this report, applies to those policies which determine allocation of government funds to the training and education needs of the individual beyond initial or basic education. The report also identifies the different underlying principles that governments use in funding post-compulsory education in Europe and USA.
This publication reviews research relating to demand for VET. Demand is expected to increase for 'knowledge work', 'soft' and literacy and numeracy skills. Current policy's focus on the needs of industry and enterprises needs to be re-evaluated in the broader context of the demands of other stakeholders who have longer term interests.
The book builds on CEET's review of the economics of vocational education and training for the Australian National Training Authority in 1994. Seven chapters discuss: the overall purpose of the review; changing employment patterns; demand for VET; supply of VET; special supply issues; finance and market issues; and finally, future research, access and equity, and research impact.
Goozee's popular title has been revised and updated again. It provides an historical account of the development of Australia's public vocational education and training from its roots in the late 19th century to the end of the 1990s. This third edition has added a chapter on TAFE in the 1990s, covering such issues as the review of the ANTA Agreement, new apprenticeships, user choice, the National Training Framework, the West review and changes to the State and Territory TAFE systems. It also contains a section on the future of TAFE. This publication is a must for anyone interested in the history of TAFE and vocational education in Australia.
Is spending on training personnel worthwhile? Many of the firms in the research reported here believed so; and what is more, results in manufacturing (footwear, wire products) suggest that it delivered sizeable returns in labour productivity. Importantly, findings support the view that firms should be undertaking long-term strategic planning, not just targeting day-to-day problems. The research sought to investigate whether comparative case studies of similar enterprises could be used to demonstrate a relationship between training expenditure and productivity. The method proved ineffective in the services sector (top class hotels, supermarkets), apparently because of greater differences between enterprises.