Work-based Learning does not only affect immediate participants, meaning students and employers, but it rather has impact on other stakeholders, schools, as well as communities, and society in general. From the previous paragraphs, it is evident that VET schools have a lot to gain from WBL. First of all, schools are able to expand, enrich and keep their curriculum and their learning facilities up to date. By creating strong links and ensuring fruitful cooperation with companies, schools are able to provide education that is more relevant and valuable to students, and can also offer experiences that cannot be gained within traditional classrooms. This state-of-the-art education prepares students and connects them to the real world of work, cultivating vocational skills that are more likely to be up to date with the current situation in the workplace, as well as general skills and good working habits. As a result, schools are able to motivate students, to offer better career guidance and actually fulfil their purpose in a better way, inspiring students and minimizing dropout rates (Hughes et al., 2001).
As a result of all the aforementioned benefits, communities and society in general gain advantages from WBL, as it offers a great opportunity to ameliorate and modernize educational systems and to create an environment of collaboration and cooperation between education providers, the labour market, and the community. Such an environment, which is able to provide actual skills and not just diplomas, encourages lifelong learning, respect and understanding, and restores confidence in VET educational systems by addressing skills shortage which can be damaging not only to the employers but the economies as a whole.
Finally, WBL can have a positive impact on employment rates, by bringing companies and VET students in touch and by providing work experience and formal qualifications, facilitating the entrance of participants in the labour market. Young VET students with no work experience, unemployed individuals, immigrants and other vulnerable social groups can be given an opportunity to train and possibly find employment through WBL combined with VET educational programmes. This has an immediate result in social participation and inclusion (Berger and Pilz, 2009).