While the benefits of education have been widely researched, little attention has been paid to the specific benefits of vocational education and training (VET). These benefits are shared by individuals and enterprises as well as the economy and society more generally. Training provided by an enterprise increases workers' satisfaction and increases…

The report confirms the importance of training for the European Union (EU) industrial policy. It demonstrates that sectors where training is firmly integrated in human resource practices have higher productivity gains. Such economic benefits are not only realised through developing workers' skills, but also thanks to higher job satisfaction and…