The research, which was conducted by London Economics, suggested that obtaining qualifications has a positive effect on employment outcomes and long-term earnings.
(PRWEB UK) 15 January 2014
It has been reported by Smart Assessor on November 26 that the Department for Business, Innovation and Skills (BIS) has released a report on the impact of training on employment and earnings. Researchers analysed information from the Individual Learner Record on learner attainment and information from HM Revenue and Customs on earnings and employment to examine the impact of training on the outcomes of labour markets.
The research, which was conducted by London Economics, suggested that obtaining qualifications has a positive effect on employment outcomes and long-term earnings in contrast to those who hadn’t received qualifications. On examining the information, researchers found that although there was variation in the level of earnings and employment depending on the subject and qualification obtained, overall acquiring skills and training resulted in improved long-term employment outcomes and earnings.
As specialists in Project Management training courses, the experts at ILX closely follow industry news and were interested in this recent report. A spokesperson for the company offered their thoughts:
“It is welcome news that a report has been published into the effects of training on employment and earnings. Obtaining qualifications in your industry can be highly beneficial to employment prospects, equipping individuals with the skills necessary to excel in their field.
In fact, individuals regularly train for project management qualifications as a means to enhance their career prospects. Many of the courses offered by ILX, for example, are globally recognised by employers, so not only will obtaining a project management qualification improve your skills and knowledge but it can also be a valuable asset to your CV.”
ILX is a leading global provider of Best Practice learning solutions and consulting services and is a market leader in PRINCE2 training. Operating across 100 countries, they have delivered learning solutions to corporate, public, and consumer audiences for over 25 years. They have trained over 800,000 learners in more than 5,000 organisations across their virtual and online learning programmes, as well as in classroom environments.
PRINCE2® is a registered trade mark of AXELOS Limited.