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This Concept Map, created with IHMC CmapTools, has information related to: DEMAND DRIVERS VET, 2008 ???? “Training … improves their chances of getting a job … they can earn higher incomes … up-front investment in study continues to pay off year after year. Estimates suggest that this payoff is high, at around 7 per cent or more of the total they pay in fees and the income they give up while they study.”, 2008 ???? MARKET DESIGN THE DEMAND SUPPLY AMBIGUITY, Then majority of SAT students were not enrolled in qualifications identified as supporting national skill shortage development pathways ????, ???? ???? AND THE PROGRAMS, Effective policy design recognizes that firms usually know more about their business than policy makers. This is the basis of the FTC’s divestiture policy. Markets reveal information. Auctions are useful in policy because, instead of bureaucrats picking winners, the bidding picks them ???? Market Design: The Policy Uses of Theory John McMillan* January, 2003, ???? ???? we need ex ante understandings of the dynamics of socio-economic change in order to influence and shape the processes of value creation PMSEIC – 23 April Dr Terry Cutler Chair, Review of National Innovation System, ???? ???? ????, When undergoing a supply chain transformation, companies should keep in mind three key points: 1. Supply chain optimization is very hard to achieve if users cannot understand the output. 2. Learn to uncover and utilize data in a way that helps eliminate redundancies, inaccuracies and irrelevancies. 3. Synchronize execution with planning and scheduling. ???? IBM 2005, ???? ???? The Government has commissioned two studies to inform understanding of these issues. The first, Employer demand for researchers in Australia, explored characteristics of employers’ existing research workforces, skill requirements and strategies to access skills, and anticipated demand for researchers into the future. This study was completed in March 2010. The second study, Australia’s Future Research Workforce: Supply, Demand and Influence Factors, will examine Australia’s future supply of and demand for higher degree by research qualifications, taking into account different scenarios for Australia over the next decade, 2010 LOGIC MAP Increase productivity, employee engagement and satisfaction by making better use of skills in the workplace, ???? ???? ????, 2010 LOGIC MAP VISION Australia has the workforce capability required for a productive, sustainable and inclusive future. Australian enterprises have the capacity to develop and use the skills of their workforce to maximum advantage for industry and community benefit., 2010 LOGIC MAP Lift the unacceptably low level of adult language, literacy and numeracy to enable effective educational, labour market and social participation, 2010 LOGIC MAP Lead a new partnership approach to workforce development at government, industry and enterprise level, 2010 LOGIC MAP Sustain economic growth and raise productivity by increasing skills and avoiding future skills shortages, 2008 ???? While a shortage of investment in training is thus part of the problem, this shortage is itself a product of structural faults in the way training is funded. As a consequence, structural change is required, not simply increased spending through existing structures., ???? ???? THE POLICIES, One in five UK firms report that their employees are not fully proficient to do their jobs effectively. These ‘skills gaps’ are most frequently reported to be in ‘soft skills’, which include skills such as communication, customer-service skills and teamworking. ???? Rosie Page*, Jim Hillage* Vocational Education and Training in the UK Strategies to overcome skill gaps in the workforce * Institute for Employment Studies, Brighton, UK "Qualification Needs in OECD Countries - Identification, Analysis and Implementation". January 2006 ISSN Nr. 1011-9523 Social Science Research Center Berlin, ???? ???? PMSEIC FORESIGHT PROCESS, The job of government is to design the ground rules of the market to align the interests of consumers, producers and citizens with public policy goals. Market design may define PM's green legacy David Hetherington From: The Australian July 30, 2010 PM Gillard identified market design as a central element of her micro-economic reform agenda WHO CONTRIBUTES