New research calls for focus on level 3 and 4 qualifications
The opening keynote speaker at TJ's Summer Conference last week, Gavin Hubbard outline learndirect's new research entitled The new vocational currency- investing for success which was conducted with Cranfield School of Management. The work was commissioned as a result of the current economic situation which is greatly effecting our young people with latest employment figures showing that over 950,000 16 - 24 year-olds are unemployed and with 300,000 18 year-olds not having the equivalent of maths or English GCSE.
The report provides clear evidence of the value of vocational qualifications with regard to earnings and employment prospects. A third of employers said they pay a salary premium to those with a level 3 vocational qualification, while this figure rises to over 40 per cent of employers for level 4. Nearly half of employers interviewed see vocational qualifications as being as attractive as academic qualifications, with 85 per cent of employers agreeing that vocational qualifications could be adapted to business need.
The research showed that 64 per cent of employers agreed weaknesses in management skills were holding back their growth with 60 per cent admitting they didn't provide any management training.
To obtain more information on the research and to obtain a copy of the report visit www.learndirect.com/business