Skills development is important to a country for several reasons:
Economic growth: A skilled workforce is essential for a country’s economic growth. As industries evolve and new technologies emerge, workers need to have the skills and knowledge to adapt and remain competitive in the global marketplace. This can drive innovation, increase productivity, entrepreneurship and create new job opportunities.
Reduced unemployment: Skills development can reduce unemployment rates by providing individuals with the necessary skills to enter and succeed in the workforce. It can also help to address skills gaps and shortages, enabling employers to find qualified workers and fill critical roles.
Improved standard of living: Skills development can lead to higher incomes and improved standards of living for individuals and families. This can have a ripple effect on the economy as a whole, as people have more disposable income to spend on goods and services, and trades are an example in Australia.
Social mobility: Skills development can help to promote social mobility by providing individuals with the tools they need to succeed in their chosen field, regardless of their background or socioeconomic status. This can help to create a more equitable society where everyone has an opportunity to achieve their full potential.
Enhanced competitiveness: A skilled workforce can make a country more competitive in the global economy, attracting investment, creating jobs, scaling up and driving economic growth.
Skills development is crucial for a country’s economic growth, reducing unemployment, improving standards of living, promoting social mobility, and enhancing competitiveness.
How should industry, employers and entrepreneurs be involved in VET (TVET)?
Industry, employers, and entrepreneurs should play an active role in Vocational Education and Training (VET) or Technical and Vocational Education and Training (TVET) for the following reasons:
Curriculum/Training Package design: Industry can help design the curriculum to ensure that the skills taught in VET programs are aligned with the needs of the job market now and into the future. Employers can provide input on the skills and knowledge that are most relevant to their industry and the changing demands of the workforce.
Work-based learning opportunities: Employers can provide work-based learning opportunities such as internships, apprenticeships, work placements and on-the-job training to VET students. This can help students gain practical skills and experience in real-world settings, increasing their employability and helping them make a smoother transition into the workforce.
Funding and resources: Industry, governments, countries and employers can provide funding and resources to support VET programs where it makes sense. This can include scholarships, grants, donations, or equipment and facilities to help schools and training institutions, as well as innovative partnerships that address enterprise and sector objectives.
Certification and recognition: Industry and employers can help provide certification and recognition for VET programs and non-accredited training, ensuring that the skills and knowledge gained are recognised and valued by employers. This can include industry-recognised certifications or microcredentials that indicate a certain level of skill proficiency.
Collaboration and partnerships: Industry, employers, and entrepreneurs can collaborate with education and training providers to ensure that VET programs are relevant and responsive to the needs of the job market. This can include establishing partnerships between schools and businesses, regional agencies or industry associations and training providers to promote the sharing of knowledge and expertise.
The involvement of industry, employers, economic development and entrepreneurs is critical to ensuring that VET programs are relevant, effective, and responsive to the changing needs of the job market. By working together, they can help to create a skilled workforce that is equipped with the knowledge and practical skills needed to succeed in the workforce.