Wide-ranging changes are required in the vocational education and training (VET) system to ensure it meets the future needs of large businesses according to a report prepared for the Business Council of Australia.

The report on the key issues for large business in the VET system includes ten case studies, demonstrating the strengths and weaknesses of the current system.

BCA Chief Executive, Ms Katie Lahey said that as we increasingly rely on our knowledge-based industries, efficient and well tailored skill formation becomes a critical input into business success.

“The current VET system has served traditional industry well but the report questions whether there is a better way to meet company specific and industry-wide requirements for skill formation and skill upgrading in the future.

Read the full news release here or download the report here.