The purpose of the paper is to describe the vocational system and its benefits from both the economic and social perspective, and analyze its implementation in Romania, the German Vocational School Kronstadt being the first vocational school in our country. The results of the research at the Schaeffler Romania company, the top economic agent that provides the practical training for many students involved in this educational system, have emphasized the specific contributions of vocational education and training which are beneficial not only for students but also for the company itself, as well as for the entire society.