The term microcredential describes smaller bites of learning – or short-courses – offered by universities, TAFEs and private education providers. Microcredentials can work as stand-alone qualifications or complement study being undertaken at the VET or higher education level.
Microcredentials allow people to access education when they want, at an affordable cost, to meet their imminent learning and employment needs. Often, microcredentials focus on skills development and closing skills gaps. In Australia, popular microcredentials cover business, management and leadership.
The Microcredentials Marketplace – an initiative of the Australian Department of Education Skills and Employment currently under development – will create a nationally consistent platform that will allow users to compare short courses including outcomes, duration, mode of delivery and credit point value.