Financing Skills Development

This course offers a systemic approach aimed at strengthening participants’ capacity to analyse the systems and mechanisms of skills development financing. It is aimed at facilitating the emergence of equitable and 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 resource 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 with sessions on:

• Training funds

• Training markets

• Innovative finance in skills development

• Skills financing to improve social inclusion

• Financing Work-based Learning (WBL)

• The Financing Prism

• Financing for TVET institutes – Innovative approaches promoting sustainability

• Financing of Lifelong Learning (LLL)

• Financing of Recognition of Prior Learning (RPL)

ACHIEVEMENT

Achievement criteria:

• Completion of four online learning modules (24 hours)

• Completion of one face-to-face training (27 hours)

• Successful completion of a final assignment demonstrating the consolidated learning obtained through the activities (9 hours)

NUMBER OF HOURS: 60 hours