Micro-credentials should adhere to four guiding principles that will ensure their usefulness to both businesses and learners while also contributing to labor market performance:

– prioritization of courses based on their relevance to labor market needs;

– no threat to current formal qualifications in vocational education;

– a provider’s voluntary submission to the framework;

– an increase of trust and transparency in training opportunities.

Individual learning accounts could be one of the potential solutions to better assist businesses in initiating job-related training opportunities. The ILAs should:

– supplement, rather than replace, employers’ critical role as training initiators;

– assist businesses in covering the costs of the growing demand for job-related training; and

– consider the AC VT’s position on ILAs;

– be closely linked to national and regional instruments for skill forecasting.