ERIC Number: ED412340
Record Type: Non-Journal
Publication Date: 1997
Reference Count: N/A
The Economic Benefits of Improving Literacy Skills in the Workplace.
Bloom, Michael; Burrows, Marie; Lafleur, Brenda; Squires, Robert
A Canadian study explored the economic benefits of improving literacy skills in the workplace from the perspective of both employers and employees. The Conference Board identified and measured these benefits by conducting a survey of 40 employers, as well as by analyzing data gathered in the International Adult Literacy Survey. The study found that enhancing literacy skills in the workplace enables employers to improve the performance of their businesses in a wide variety of ways that strengthen the bottom line. Literacy skills enhancement also enables employees to attain greater success in the workplace. Emphasis has recently shifted from increasing productivity by investing in machines and equipment to investing in employee training, since investments in equipment have not resulted in as much productivity growth as needed to keep Canadians working and prospering. More highly skilled, literate people are the key to increasing productivity. At the same time, employees need to continuously acquire new skills to succeed in the modern workplace. Workers who acquire more skills have higher incomes, lower unemployment, more full-time work, and higher probability of receiving training. (KC)
Descriptors: Adults, Cost Effectiveness, Economic Development, Educational Needs, Employee Attitudes, Employees, Employer Attitudes, Employment Practices, Foreign Countries, On the Job Training, Workplace Literacy
Publications Information Center, Conference Board of Canada, 255 Smyth Road, Ottawa, Ontario K1H BM7, Canada; phone: 613-526-3280; fax: 613-526-5248; e-mail: email@example.com
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: Conference Board of Canada, Ottawa (Ontario).
Identifiers - Location: Canada