The impact of training on business.

By Shabana Reddy.

Many studies have shown the positive effects of training on any business. One in particular is the The impact of vocational education and training on company performance done by the European Centre for the development of Vocational Training (Cedefop) shows the positive and significant impact of Vocational Education and Training on companies. This study was done across all indicators namely : quality, innovation, employment growth, multidimensional indicators and it was found that more companies find a positive effect than the contrary. It was also found that that studies looking at profitability or costs are less likely to find positive and significant effects of VET, all other things being equal.

The complete results of the study can be found at http://www.cedefop.europa.eu/EN/Files/5519_en.pdf