VET News

RTOs Reveal Bullish post-Covid Outlook in Voice of VET

ReadyTech’s fourth annual Voice of VET RTO Industry Report has revealed the majority of Registered Training Organisations (RTOs) expect their businesses to improve when the impacts of Covid-19 finally dissipate, with 60% of the market saying they expect overall course demand to improve.

Despite continued declines in revenue across almost half of RTOs surveyed during the 2021 survey period, 54% of all RTOs expect their revenue to be up during the year 2022. Only 36% said they would be under pressure attracting new enrolments, a marked improvement on 79% in 2020.

What do RTOs name as their biggest opportunities in 2022?  Download Voice of VET RTO Industry Report today to find out!  Visit readytech.io/VoiceOfVET.

A majority of RTOs (62%) say enrolments will be the key driver of their resurgence from Covid-19, while improvements in employee training and coaching (48%), investment in IT systems and processes (47%) and a focus on student acquisition strategies are expected to feature strongly.

ReadyTech General Manager of Education, Trevor Fairweather, said RTOs have launched into 2022 showing remarkable resilience after a long period of market volatility and operational challenge.

“RTOs are optimistic their businesses will improve in 2022 without pandemic restrictions. Standing out is the market’s obvious hunger to boost new VET enrolments. The market also continues to embrace digital transformation, with 69% of respondents agreeing it was a high priority,” he said.

Download the full Voice of VET 2022 Report for insight into VET business, digital transformation, learning delivery trends and more of readytech.io/VoiceOfVET now!

Date posted Apr 7, 2022