Business Case of Investing in VET

Day and Date: THURSDAY, November 30, 2017, 08.00 am CET
Duration : 60 minutes
Language : English

You can follow our Webinar on YouTube. Please follow the Registration instructions below. 

The Skills & Jobs mismatch is widening with more young people falling out of the job market each year. Vocational Education & Training (VET) Systems have to successfully bridge this gap by creating a steady supply of skilled and job-ready workforce. In majority of countries the public & private sector often work parallely leading to VET systems that are expensive, not relevant and lack quality. While, there isn’t one strategy that fits all and works for all there are best practices that can act as effective reference points.

The German Vocational Education & Training system, often referred to as the Dual System of Training, clearly defines roles for Government, Private Sector (Employers) and Social partners. To its merit - it addresses the issue by bringing the Industry and Government together as co-partners & co-funders of VET programmes. Although the system developed at the back of the industrial revolution with companies voluntarily organising trainings to meet the manpower demand, it has continued to evolve and over time become a global benchmark.

Cost-Benefit Studies conducted by the Federal Institutes for Vocational Education Research, Germany present an empirical basis for attracting more companies to participate in this system. It also offers quantitative data and analysis that Investing in VET yields returns for Companies and Governments. An interesting result of this report for example is that the small and medium sized enterprises offer the lion’s share of training places.

Main Question : Do Investments in Apprenticeships yield returns for Companies?

As per the BiBB National VET Data Report 2012 -13, under the Dual system, German Companies (21% of registered companies) invested €7.7 bn towards Apprenticeship programmes a solid contribution in comparison to the public expenditure of €4.75 bn towards steering, monitoring (the VET system) and operating the vocational schools. Clearly the Industry Invests and gains tangible returns opening some areas for discussion :

What incentives do German companies derive from Investing in Apprenticeships ?
What is the Business Case that incentivizes active Employer participation ?
Can this be used on the context of your country / VET system?

A company invests approx €18,000 per Apprentice per annum. This includes costs towards : Apprentices (monthly remuneration, social benefits), Training (Trainers, Staff ), Premises, Material, Equipment and other ancillary costs. Besides the many short & long term benefits for companies like improved brand, saved recruitment costs, supply of trained workforce; 70% of this investment is refinanced by the productive contribution of trainees during the training period. The BiBB VET Data report clearly offers an empirical evidence for companies taking the lead in organising apprenticeships.

Why this Google Hangout?

This Google Hangout is a FREE webinar organised for practitioners, decision makers, policy makers and representatives of companies. It is a unique opportunity to interact with senior experts from BiBB on the various aspects concerning the German Vocational Education & Training system.

This webinar offers important points for those responsible for attracting employers, partners into the VET system. It will be an interesting and engaging session on various aspects concerning the engagement of companies.

We will use the 60 mins effectively to :

• Revisit the German Dual System of Training
• Review the Cost - Benefit approach and key results of the Study
• Explore how this can be used in the context of Non - Dual Vocational Education & Training Systems

This Google Hangout is an opportunity to engage with experts from the International division of GOVET - German Office for International Cooperation in Vocational Education and Training, BIBB.

This Google Hangout is aimed at sharing information on best practices, results of the study and to open dialogues for partnerships. It does not intend to market or promote a system.

Who should join?

• VET Policy professionals seeking examples on the topic of Dual System of Training, making VET attractive, Employer Engagement
• Training / HR / Policy Managers of Companies interested in developing a business case
• Service Providers who in the VET space seeking ideas on incentivising their participation
• Researchers studying VET systems and looking to enhance knowledge on the subject

Who are the Resource persons?

SPEAKER :
Mr. Peter Rechmann, General Manager, GOVET
Head of the Secretariat of the “Round Table for International Vocational Education and Training Cooperation” at German Office for International Cooperation in Vocational Education and Training (GOVET). Prior to this, he managed vocational training projects in the Republic of Moldova (2010-2013), Sri Lanka (2003-2008) and Vietnam (1996-2001) for the Chamber of Skilled Crafts of Koblenz, where he was also in charge of business advisory services, skilled crafts policy and the training of master craftsmen.

He is an Economist (University of Cologne) and a MSc in Development Finance (SOAS, University of London).

MODERATOR :
Ms. Pooja Gianchandani, German Chancellor Fellow
Pooja Gianchandani is an International development consultant advising companies and public institutions in the area of Vocational Education & Training. Presently, she is a Visiting Fellow at Federal Institute for Vocational Education Research (BiBB), through the German Chancellor Fellow program. In her role as the Director for Skills Development at FICCI, India’s apex Chamber of Commerce, she was responsible for aggregating Industry participation in the Skilling India mission. She also managed India’s strategic cooperation on VET through bi-lateral working groups/fora with 11 countries.

She is a M.A in Social Work (Delhi School of Social Work) with a specialisation in Corporate Social Responsibility from World Bank Institute

How to Register ?

Using Google Hangouts - It’s free, simple and can be accessed on the go

STEP 1 : Register your participation using the link

STEP 2: Mark the Date on your Calendar

STEP 3: Follow the instructions regarding on how to join this session that you receive closer to the date

STEP 4: Join the Session on THURSDAY, November 30, 2017, 08.00 am CET