Financial Benefits of Apprenticeships

‘Are you willing to think long-term and invest (in apprenticeships) on the front end, because you’re going to have the return on investment through the career of a successful and productive employee?’ Werner Eikenbusch, Head of Talent Management for the Americas, BMW.

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For an employer, taking on board an apprentice should not be a financial burden. Businesses the world over have reported a direct financial return investing in the training and mentoring costs of an apprentice. Where are the cost savings? Starting from business benefits derived from a productive apprentice as they learn on the job, to savings from lower recruitment costs the gains are many…Read more

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