Vocational Education

Vocational Education

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Vocational Education
Blended solutions for technical and vocational training services
SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Education
Formal Education
Business Model Description

Provide technical and vocational training services, including through blended learning solutions

Expected Impact

Address unemployment issue and gender gap in vocational education by investing in private-sector led TVET programmes

Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
20% - 25% (in ROI)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
Growing demand for TVET among Jordanian students and refugees as a result of sucessful business operators and strong demand for graduates by labour market
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Quality Education (SDG 4)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
No Poverty (SDG 1) Gender Equality (SDG 5) Decent Work and Economic Growth (SDG 8)
Sector Sources
  • 1) Sustainable Development Report 2019. 2) Department of Statistics, 2020, Unemployment Rate (http://dosweb.dos.gov.jo/19-0-the-unemployment-rate-during-the-second-quarter-of-2020/) 3) Ministry of Education, 2018, Education Strategic Plan 2018 – 2022. 4) Human Rights Watch,2017, Jordan: Secondary School Gap for Syrian Refugee Kids. 5) Prime Ministry of Jordan. Official Reports. (2020). Available online at: http://www.pm.gov.jo/category/7603/?????.html 6) Ministry of Education, Education Strategic Plan 2018-2022. 6b) International Finance Corporation (2018). Case Study: Educating Students for Jobs, Stability, and Growth. Luminus: Transforming Vocational Education in Jordan. 6c) USAID (2020). Final Report: USAID/Jordan Gender Analysis and Assessment, page 8.
IOA Sources
  • 7) Department of Statistics, Unemployment Rate http://dosweb.dos.gov 8) The Jordan National TVET Strategy, 2014 and the European Training Foundation "Technical and Vocational Education and Training in Jordan: Areas for Development Cooperation", 2006 9) OECD, Youth Well Being Policy Review of Jordan, 2019 10) Education Strategic Plan 2018-2022, p.7 11) The Jordan National Employment - Technical and Vocational Education and Training (E-TVET) Strategy 2014-2020 12) The Jordan National Employment Strategy ibid 13) Luminus Technical University College (http://www.luminuseducation.com/index.php/luminus-technical-university-college/)