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Benefits of Vocational Skills

Technology and innovation are moving at an increasingly fast rate, and the ways in which we work are changing equally rapidly. Maintaining a buoyant economy that can embrace such developments requires a labour market with world-class skills and the ability to rise to the challenge.

Vocational education and training plays a vital role in skills development and career progression, benefiting both individuals and organisations. Companies enjoy a more motivated and effective workforce, and individuals acquire skills that will make them more employable and adaptable as change occurs.

Skills are increasingly crucial to economic success and prosperity, and training allows businesses and individuals to embrace change, adapt to new ways of working and to take advantage of every new opportunity that appears. Improved skills levels lead to improved productivity, quality and the capacity to innovate, and contributes to improving national economic performance. In some sectors this could reverse or slow down a decline in output and/or employment. And higher productivity could reinforce a restructuring of the economy away from activities that perform weakly. Without skills, even strongly developed economies will struggle to survive as skills gaps become wider and competitors who do possess the relevant skills will be able to step in and take over.

Vocational education and training also opens up opportunities for those who are redundant, unemployed or non-employed and looking to return to work. They are much needed human capital that can be re-skilled or up-skilled and introduced into the workforce.

The benefits of vocational skills are not only economic. The provision of skills for work is key to social inclusion. Better skills mean better jobs, greater earning capacity and the opportunity to achieve because of ability not because of background. Improved individual esteem engenders a desire for a better life and increases social mobility. The positive knock-on effect is the reduction of poverty, crime and unemployment, and improved health and better communities. Vocational education and training removes all barriers to age, race, gender, class and disability.

Similarly, countries that have experienced conflict or disaster benefit from skills development; it helps people find new jobs, restores livelihoods, enables adults to support their families and contributes to restoration of the national economy.

Ultimately, vocational skills play an integral part in the economic and social prosperity of individuals, communities and nations worldwide.