Article Green Open Access 2018

Measuring the value of placements to employers: A cost–benefit approach

WT
Wond, Tracey
 RS
Rambukwella, Shan
Industry and Higher Education
Journal · Vol. 32 · Issue 2 · pp. 93-107
Abstract

This article explores the concept and measurement of placement value, underexplored in theory and practice to date. The article makes a theoretical contribution to the placement value discourse by examining and articulating the placement value concept. It also offers a practical contribution by exploring a piloted tool to evaluate employer placement value, developed as part of a project funded by the Higher Education Funding Council for England. It examines the immaturity of the placement value concept against contemporary value discourse, including service- and goods-dominant logic frameworks (exploring value-in-use and value-in-exchange) and calls for greater attention to be paid to placement value to support the sustainable provision of placements. © 2018, © The Author(s) 2018.

Keywords

Author Keywords

Placements Internships cost–benefit analysis placement value third mission

Index Keywords

Author Affiliations
University of Derby, Derby, Derbyshire, United Kingdom
Funding & Acknowledgements
Higher Education Funding Council for England, HEFCE
This article explores the concept and measurement of placement value, underexplored in theory and practice to date. The article makes a theoretical contribution to the placement value discourse by examining and articulating the placement value concept. It also offers a practical contribution by exploring a piloted tool to evaluate employer placement value, developed as part of a project funded by the Higher Education Funding Council for England. It examines the immaturity of the placement value concept against contemporary value discourse, including service-and goods-dominant logic frameworks (exploring value-in-use and value-in-exchange) and calls for greater attention to be paid to placement value to support the sustainable provision of placements.
References 10 References
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7 A Review of Work Based Learning in Higher Education, (1996)
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9 Public Administration Review, (1983)
10 Talent Fishing What Businesses Want from Postgraduates, (2010)
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