Globaltrendsinvocationaleducationandtraining.pdfVIP

Cisco Research Global trends in vocational education and training The vocational education and training sector is at the frontline of Australia’s response to major global challenges. An effective vocational education and training sector will be required to increase participation in the workforce, help companies exploit new technologies, and drive productivity improvements across the economy. The dividends are significant for institutions and economies that respond early and?effectively. Australia’s standing in the global vocational education and training market The vocational education and training sector is at the frontline of Australia’s response to major global challenges. Superficially, the outlook for vocational education and training providers is bright: the focus on labour market issues has rarely been sharper and the importance of industry connections is more valuable than ever. In addition, the increased focus on having all students – from schoolchildren to university graduates – ‘job ready’ will act as a significant driver of demand. However, the changing skills market (for supply and demand) has burdened providers with added complexity, risk and uncertainty. Industry growth projections are no longer linear, funding is less certain, students are more demanding, and competition is fiercer. Three major challenges fa