Financing of skills development

This course, which is part of the Diploma of Advanced Studies on skills development, jointly organized by ITCILO and the Swiss Federal University of Vocational Education and Training (SFUVET), and in particular its CAS 1 - Governance of skills development systems, offers a systemic approach aimed at strengthening participants’ capacity to analyse the systems and mechanisms of financing skills development. This course is aimed at facilitating the emergence of fair, inclusive systems that involve social partners to be able to mobilize, allocate and manage the use of resources efficiently, effectively and sustainably, taking into consideration the specific nature of each context. It is part of the ITCILO’s portfolio on Skills Development, which aims, across the world, to build the necessary capacities to support the implementation of TVET programmes and skills development. OBJECTIVES At the end of the programme, participants have strengthened their knowledge in order to be able to participate meaningfully in financing mechanisms and subsystems, with a better understanding of: • The different approaches commonly used, in different contexts, to finance skills development; • The roles, types and targets of incentives for the financing of skills development; • The skills development financing mechanisms to ensure the fair participation of all stakeholders in mobilization and decision-making concerning financial resources mobilized. CONTENT This course allows understanding the issues and challenges around financing institutions responsible for TVET/Skills Development in order to financially support effective, efficient and sustainable systems. The course covers: • Resource mobilization, including the diversification of sources, regional and sectoral approaches and a focus on the independence of training establishments and Public Private Partnership (PPP); • The allocation of mobilized resources, by analysing the various stakeholders and advantages and disadvantages of the different allocation methods; • Managing the use of resources allocated from the perspective of accountability. NUMBER OF HOURS: 60