Australia's competitive success with innovation-based products and services is an influential factor to its long-term prosperity. This study examines the role of vocational education and training (VET) and occupations in innovative industries and firms. The authors find VET is vital to developing knowledge and practical skills across a broad range of occupations, and people in vocational occupations are among principal sources of ideas for technological innovation. Further, innovative firms reported a high level of satisfaction with public and private training, which the authors conclude is due to the high level of consultation between firms and TAFE. However, firms identified the need for employees to develop generic skills, such as working in teams and developing problem-solving and communication skills, as an opportunity for the VET sector to meet unmet demand.
How does the industry training market actually operate in contemporary Australia and how well does the training market meet the needs of employers grappling with the challenges of globalisation?