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Posted by on in Employment
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Apprenticeships worth more to employers than they cost

Apprenticeships are more beneficial to employers and employees than any other vocational training programme, according to employment experts from the University of Warwick.

Researchers Terence Hogarth and Lynn Gambin have been carrying out research in this area for 15 years. They said:

"Our research shows that even where employers encounter relatively high costs of delivering Apprenticeships they can recoup the costs quite quickly after apprentices complete (so long as the apprentices stay in the employment of the company which trained them).

“But perhaps most importantly, employers see a range of qualitative benefits being conferred upon the workplace from engaging in Apprenticeships, such as being able to offset future skill shortages or having a cadre of trained staff from which they can appoint supervisors and managers. These benefits are recognised in the Richard Review, as are the benefits to individuals and to society as a whole.

"The issue which has faced policy for very many years - dating back to the 1970s - is how to increase participation amongst employers so that more people, including young people, can obtain the benefits of completing an Apprenticeship.”


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