Thematic Areas: Youth Employment | Greening TVET | Access, Equity & Quality | TVET in a Digital World | Further Themes
Our Key Programmes & Projects: i-hubs: Skills for Innovation Hubs | YEM: Youth Employment in the Mediterranean | BILT: Bridging Innovation and Learning in TVET | UNEVOC TVET Leadership Programme | WYSD: World Youth Skills Day
Past Activities: TVET Global Forums
Our Services & Resources: Publications | TVeT Forum | Virtual Conferences | TVET Country Profiles | TVETipedia Glossary | Promising and Innovative Practices
Journal & Events: Major TVET Events | UNEVOC Journal
|Author/s:||Jane Schueler, John Stanwick and Phil Loveder|
|Published:||2017 in Adelaide, Australia|
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.
The framework developed as part of a collaborative research jointly implemented by UNESCO-UNEVOC and NCVER as one of the UNEVOC Centres.