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This article is a guest blog by Learning Vault.
Most RTOs overlook the real costs associated with the process of issuing paper-based certificates. It’s important to understand both the fixed and variable costs associated with certificate issuing.
Fixed costs include expenses such as:
• Printing: RTO's must use security paper as a fraud prevention measure • Postage: envelope & postage fees
• Staff time: additional admin staff may need to be hired during graduation season
In addition to fixed costs, there are also hidden costs associated with issuing certificates. These include:
• Verification: employers may need to contact the RTO to verify the authenticity of a paper certificate.
• Reprints: students may contact the RTO to re-print their certificates, resulting in additional fixed costs.
• Change of address: RTOs are still responsible to ensure delivery of certificates if student’s address has changed.
• Weather: RTOs are still responsible to ensure delivery of certificates, even in inclement weather.
All of these costs can add up quickly, and it’s no wonder that when surveying RTO’s the cost of issuing certificates is between $20 and $50 per certificate, an enormous cost which often goes under the radar.
Are you thinking ‘There’s got to be another, less expensive way!’
aXcelerate will be partnering with Learning Vault later in 2023 to enable digital badging and credentialing for certifications awarded via the aXcelerate platform. Visit learningvault.com.au/qvault-axcelerate for more information about the digital badging and micro credentialing solution.
Industry currency is important so that learners can gain industry-relevant, valuable skills to become job and future ready – improving the RTO’s relationship with industry and the reputation of VET.
Black6 Labs is the first in the world to have developed a virtual environment that supports learning and assessment, tracks competency outcomes, monitors and stores data, and integrates with learning management systems.
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