Skill Development :
Skills development plays an integral part in the economic and social prosperity of individuals, employers, communities and nations worldwide:

Skills development is a primary means of enabling young people to make a smooth transition to work. A comprehensive approach is required to integrate young women and men in the labour market, including relevant and quality skills training, labour market information, career guidance and employment services, recognition of prior learning, incorporating entrepreneurship with training and effective skills forecasting. Improved basic education and core work skills are particularly important to enable youth to engage in lifelong learning as well as transition to the labour market.

BENEFITS OF VOCATIONAL skills
FOR INDIVIDUALS
Individuals with higher levels of education earn significantly more over the course of their lifetimes than those with low skills[i].
Training has a positive effect on mental health[ii] and physical health
Training can increase individuals employability
Skills development gives people career progression and promotion opportunities

FOR EMPLOYERS
Training can increase the likelihood of commercial survival. Firms which have a ‘high enterprise dynamic’, including a high level of skill amongst employees and individuals who are able to exercise judgement and responsibility, tend to have higher levels of productivity Certain types of training can lead to improved quality, organisational strength, customer service, reduced complaints, staff retention, cost reductions and increased profitability

FOR ECONOMY & SOCIETY
Increases in human capital have a positive and significant effect on economic growth. Skills development can play an important role in reducing poverty.
Training can lead to reduced crime and repeat offending rates.Various aspects of education, such as curriculum design and communication, can have a positive impact on social capital and community cohesion. Lifelong learning can help redress gender inequities by supporting women to progress in their careers into higher paid jobs
Skills development can have important benefits for local communities. ‘If individuals learn skills beyond the level of that of their family/immediate neighbors, they can confer benefits on their local community indirectly through starting enterprises that create employment, sending home remittances, introducing farming techniques that are imitated by neighboring farmers, providing local services (e.g. teachers), providing positive female role models that challenge local perceptions, etc.