About Catherine Ramos
Catherine Ramos is the Research and Publication Manager at the HEAD Foundation, a research and education think tank in Singapore. Her research focus is on skills and employability.CET funding strategy for vulnerable workers
Research has demonstrated that in general, training has a positive impact on an individual’s labor market performance: wages grow faster after training, training has positive impact on employment security, and training increases the probability of re-employment after job loss. A recent adult skills survey released by the Organisation for Economic Co-operation and Development (OECD) in 2013 re-emphasized that adult learning or continuing education and training (CET) can play an important role in the development and maintenance of key information skills and the acquisition of other knowledge and skills that are necessary for keeping pace with the changing work environment.
Skills and good jobs
Education and skills are important policy levers for sustainable socioeconomic growth. With the right economic fundamentals, a highly educated population with the appropriate skills is a powerful tool for economies to move from the low-income to the middle-income status, or for those already in the middle-income category to avoid the middle-income trap and move to the high-income category. Skills shortages are a pressing issue as they limit the growth of output in the short term and limit the possibility for diversification and innovation in the long term.
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