Australia, in common with many industrialised countries, must adjust in the coming years to an ageing population. The labour force participation rate is projected to fall and there will be a record number of older people who have retired from work. Thus, there will be fewer workers as a share of the population to generate the income needed to support the entire population. This publication looks at older workers in terms of their employment characteristics and describes ways to boost their participation or to remain at work.
Innovation in business, particularly across the major industries on which Australia's economy rests, requires a skilled workforce. This book of research readings explores the role Australia's vocational education and training (VET) sector can fulfill to assist business innovation. In doing so, various chapters consider the implications of innovation for Australian workers and identify the VET sector's contribution. Other chapters, based on international comparisons, evaluate elements of the national innovation system currently missing or under-emphasised. It finds VET providers have a vital role to play in the provision of training for innovative enterprises. To do so, providers must identify their strengths and build industry partnerships in these areas, which may require working more effectively across disciplines and develop more personalised arrangements for delivery.
The importance of close connections between vocational education and training (VET) systems and industry is highlighted in this report. The report finds that any system of entry-level training, which aims to help students make a successful transition from school to work, must have support mechanisms and frameworks in place to enable accurate assessment of industry and labour market needs. From Australia's perspective, the Korean experience provides useful insights to improving school retention rates, and establishing formal pathways for VET students who are not undertaking apprenticeships and traineeships. From the Korean perspective, useful lessons include developing inter-sectoral linkages between industry and education, applying flexible teaching and training methods, implementing a national qualifications framework, and introducing apprenticeship-type arrangements.