Download full textERIC Number: ED575988
Record Type: Non-Journal
Publication Date: 2017
Pages: 32
Abstractor: As Provided
ISBN: 978-1-925173-88-8
ISSN: N/A
EISSN: N/A
Available Date: N/A
A Framework to Better Measure the Return on Investment from TVET. Occasional Paper
Schueler, Jane; Stanwick, John; Loveder, Phil
National Centre for Vocational Education Research (NCVER)
Understanding the return on investment (ROI) in VET provides governments with information on the performance of the system and justification for public expenditure. It can help enterprises and individuals to measure productivity improvement in firms or to determine increases in the employability of individuals following training investment. However, the measurement of ROI is not straightforward. This report introduces a conceptual framework for defining what is involved in the ROI calculation and provides a guide to what type of information and data are required to calculate the returns to training for government, employers and individuals.
Descriptors: Outcomes of Education, Vocational Education, Models, Stakeholders, Economic Impact, Social Indicators, Employment, Productivity, Income, Employment Potential, Job Skills, Employment Level, Business, Costs, Well Being, Health, Social Integration, Socioeconomic Status, Entrepreneurship, Basic Skills, Safety, Sustainability, Unemployment, Social Justice, Social Capital
National Centre for Vocational Education Research Ltd. P.O. Box 8288, Stational Arcade, Adelaide, SA 5000, Australia. Tel: +61-8-230-8400; Fax: +61-8-212-3436; e-mail: ncver@ncver.edu.au; Web site: http://www.ncver.edu.au
Publication Type: Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: Australian Government Department of Education and Training
Authoring Institution: National Centre for Vocational Education Research (NCVER) (Australia); UNESCO-UNEVOC International Centre for Technical and Vocational Education and Training (Germany)
Grant or Contract Numbers: N/A
Author Affiliations: N/A
