The idea that individuals,enterprises and economies gain financially from increased participation in education or training is often assumed, but is not always easy to demonstrate or quantify. This report explores the benefits of further training for people with low levels of numeracy by analysing Australian and United States longitudinal data which allow links to be made between numeracy level, likelihood of training participation and the wages outcomes of training for less numerate workers. Analysis of the Australian data indicates that individuals with low numeracy skills are less likely to undertake further education, but gain positive and significant economic returns when they do. Continuing with formal schooling is positive and significant for individuals with very low numeracy skills.
Two well-established findings about employer-provided training form the backdrop to this research. First, the provision of training and its associated expenditure are highly variable across employers, notably by industry and employment size. Second, employer engagement with the formal system of VET is substantial, and growing, but a number of employers are not entirely satisfied with the system. This publication consolidates and synthesises a body of research conducted over the past few years on the topic of training provided by employers for their workforces.
This study investigates where certificate I and II qualifications lead young people aged 15-24 years in terms of employment and further study. A prime motivation for young people undertaking these qualifications is to facilitate transition into the labour market. These qualifications are aimed at developing basic vocational skills or preparatory access skills. The findings indicate that certificates I and II graduates experienced reasonable employment outcomes in the 15 to 19-year-old group. However, overall, vocational and further study outcomes from certificates I and II qualifications among young people could only be described as fair. The study finds quite low rates of completing courses at certificate I and II level among young people.