This report summarises the costs and benefits of studying for a VET qualification. It finds that generally students have an adequate economic incentive to enrol in VET. The best returns were for students who study higher-level qualifications (certificate III upwards), and do so part-time.
This study explores how industry in regional areas addresses skill needs realistically and economically. Labour shortages are far more crucial to industry than skill issues. The study found that enterprises, when they train, use in-house and private registered training organisations to supplement provision by technical and further education (TAFE) institutes.
Vocational education and training (VET) has a role to play in sustainable regional development. Through five regional case studies this research examines how well VET is tailoring supply to skill needs, how VET has become more flexible to obtain a better match between demand and supply, and whether partnerships have been linked to whole-of-government frameworks in ways which support sustainable regional development. The study concludes that successful relationships between VET and regional development require ongoing alignment both ways. Comprehensive regional frameworks could facilitate this co-development between VET and regional development.