Apprenticeship Return on Investment Case Studies

There were 5 key benefits identified as a result of the study:
• The IMI S-curves show that, by the end of the third year of an
apprenticeship, for a £50 hourly charge out rate, an apprentice can
generate between 150% and 300% return on investment -- this means that
for every £1 invested the business nets between £1.50 and £3.00.
• Apprentices typically generate profit within 18 -- 24 months -- this is
based on an apprentice who has no experience and is essentially non
productive at the start. If an apprentice has some experience, and is
able to be productive from the start, they can pay their way much
sooner -- often in the first few quarters of the apprenticeship.
• Home-grown apprentice-trained technicians outperform market-recruited
technicians.
• 'Growing your own technicians' through apprenticeships reduces
long-term recruitment and training costs.
• Apprentices learn company best practice and culture from the start --
helping to ensure a better fit with the team and internal processes.