The use and value of qualifications has gained a significant amount of policy attention in recent years. This study examines the use of qualifications within the recruitment searching and decision-making processes undertaken by employers in the labour market. It uses data gained from a survey of 359 employers from across Australia. The results verify that employers place higher value on personal qualities, previous work experience and experience in their particular industry. Most employers acknowledge that while qualifications signal greater potential for learning and skills acquisition, they see them as weaker signals for more immediate competence.
Financing vocational education and training, as part of Australia's commitment to lifelong learning, will become a greater challenge as increased spending on other public services, such as health and welfare caused by an ageing population, constrains government education expenditure. This report examines a range of mechanisms to encourage individual contributions to and participation in vocational education, drawing on international examples, and presents available findings about the effectiveness of these mechanisms in the Australian context. The research suggests learning accounts and paid educational leave offer the most potential. Mechanisms must offer incentives for individuals to invest, preferably in conjunction with incentives for employers, such as taxation breaks and superannuation.