Industry Analysis & Industry Trends
Publicly funded vocational education and training (VET) is provided by many institutions, including publicly funded TAFE institutions, universities with TAFE divisions, various government institutions, schools, community providers and private providers. In 2012, 1.9 million people were enrolled in publicly funded VET programs. Most students (about two-thirds of the total) attend courses provided by TAFEs and other government providers, but private sector operators have grown in importance over the past five years. Their share of student enrolments doubled between 2008 and 2012 (to over 28.0%), as state governments pursued an increasingly market-based approach that opened the industry to more non-government operators... purchase to read more
Industry Report - Industry Investment Chapter
The Technical and Vocational Education and Training industry displays a low level of capital intensity. IBISWorld estimates that for every dollar spent on capital costs, $11.16 is spent on wages. Lecturers and teachers are required to conduct face-to-face classes, resulting in a high level of labour input. Industry operators also hire non-academic staff to undertake general administration and maintenance activities.
Depreciation costs are incurred through investment in buildings and specific equipment and technology. The introduction of computer and internet-based training has led to increased capital investment in technology infrastructure and systems... purchase to read more