University graduates will be better prepared for work and more employable.
Minister for Education Dan Tehan today met with university vice chancellors and senior business leaders from the resources, manufacturing, agriculture, finance and defence industry to discuss how universities could better produce job ready graduates to meet the needs of Australian business.
"Our Government is working with universities and business to ensure Australian graduates have the skills required to succeed in the modern economy," Mr Tehan said.
"The productivity gains from improving graduate employment outcomes and lifting completion rates are worth an estimated $3.1 billion a year by 2030.
"Further improving the job readiness of university graduates will help the Morrison Government achieve its goal of creating another 1.25 million jobs over the next five years, including 250,000 new jobs for young Australians.
"Today’s meeting with government, vice chancellors and business leaders demonstrated our shared commitment to three interconnected objectives: further improving the employment outcomes for Australians, growing our economy and meeting the needs of business.
"It was agreed more work was required on harmonising vocational training, higher education and employment. This means smoothing the pathways between the three sectors, looking at micro-credentials, work integrated learning and better workforce planning."