In an increasingly knowledge-based global economy, one of the key advantages that a country can offer is the quality of its human capital. A well trained workforce is emerging as one of the key drivers of a country’s prosperity and competitiveness.

Educated individuals are inextricably linked to the labour market by the education and training institutions that are available to prepare them for effective engagement in the workforce. The primary aim is to train individuals in skill areas that allow them to be placed in a position that leads to employment.

Increased investment in training and workforce development is therefore essential for raising economic competitiveness, productivity and capacity for technological progress. Additionally, the importance of vocational and continuous on-the-job training increases both the efficiency and productivity of individual workers and consequently the workforce.