Apprenticeships have always helped young minds to gain career opportunities with wage premiums. This age old practice of apprenticeship has continued to benefit thousands of people who want to work while learning. Unlike internships, where students earn very little money and rarely get any formal training, an apprenticeship leads to nationally-recognised credentials that the recipient can gain from, anywhere in the country. Basically, it is a structured form of formal training, where workers get paid to learn skills through on-the-job training. This eventually helps them boost their knowledge and skills along with their earnings. The model has been successfully running in various skilled trades, such as the construction industry and the healthcare sector. Almost every doctor receives the paid classroom-based training during their internships and residencies…Read more
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