While empirical studies on the cost-effectiveness of WBL are scarce, studies carried out in recent decades in countries with well-established WBL systems have shown that the financial benefits of apprenticeships (the apprentice’s productive contribution) often at least equal the financial costs of training (lost output plus the management and administration of training), and that in many cases the financial benefits of WBL outweigh the training cost, even during the training programme. The reasons include
If your company is not currently involved in work-based learning, we hope this article has presented some compelling arguements as to why you should at least consider it.
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