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20 May, 2016
Introduction | Messages | Participants
The discussions focused on identifying the uses of ROI in TVET in different countries, as well as the data sources available to measure ROI. Importantly, the virtual conference also addressed the challenges in comparing ROI across different countries, and provided country specific insights into problems faced while collecting data. Here, the use of quantitative and qualitative methodologies was discussed extensively, as well as possible ways to overcome obstacles related to data collection.
Some key messages from the virtual conference include:
The 2030 Agenda for Sustainable Development calls on Members States to “ensure inclusive and equitable quality education and promote lifelong learning opportunities for all” and sets a number of targets related to TVET. The vision encourages the education sector, of which TVET is an integral component, to contribute towards the transition towards equitable, inclusive and sustainable societies and economies, which consequently puts greater stress on, amongst others, the financing of TVET. The important role TVET plays in the fulfilment of the Sustainable Development Goals (SDGs) encourages governments and other stakeholders to explore the different types of benefits individuals, enterprises and governments obtain from investing in training.
In this light, it is important for the TVET community to understand the returns from investing in TVET. The information is useful to governments as information on the performance of the TVET system, and provides justification for the public expenditure on TVET. It is also useful for enterprises to justify their expenditure on training, and individuals can use the information to inform themselves on the training choices that they make.