Improving Business Performance

The Apprenticeship Task Force led by Sir Roy Gardner, recently published their research and findings into the value of Apprenticeships for business.

They found that Apprenticeships improved business performance for companies and specifically in the following areas:

Profitability: BT plc calculated a net financial benefit of £1300 per apprentice per annum compared to non-apprentice recruitment
Competitiveness: The Institute for Employment Research found that Apprenticeships improve companies' market performance.
Productivity: Apprenticeship employers find that apprenticesmake an early productive contribution to the business within 6 to 9 months.
Quality: Xerox UK's confidence in the quality of the training is demonstrated by their preference for using former apprentices on client contracts that exceed £1million. Employers find Apprenticeships are an effective way to instill company values and good practice.
Retention: Where apprentices can see a career route within an organisation, they are consequently more willing to stay with that employer

Last modified: 11 Dec 2006

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