The Real Costs And Benefits Of Apprenticeships

Research On Tbe Benefits Of Apprenticeships

The St Martin’s Group, in partnership with City & Guilds and NCFE, is proud to publish the report, ‘The Real Cost and Benefits of Apprenticeships’, to shed light on the true value apprentices can bring to the workplace. The report emphasises that many of the additional upfront costs associated with onboarding apprentices can be recovered much earlier than anticipated, with apprentices on average, generating an early net benefit to businesses of at least £2,496 and in some cases significantly more, even during the training period.

It is hoped this report will help encourage greater support for apprenticeships from government and business alike, particularly as we seek to strengthen the economy and provide more meaningful training and employment opportunities as part of the Covid-19 recovery strategy.

View the event – ‘The Real Costs and Benefits of Apprenticeships: turning recommendations into action to improve apprenticeships for employers and learners’

Following the publication of its report, The St Martin’s Group, in partnership with City & Guilds and NCFE held an event to discuss the key insights from the report and explore how the recommendations could be delivered to drive greater uptake and improvements in apprenticeships for employers and learners alike.

Chaired by Kirstie Donnelly, MBE, CEO at City & Guilds, the event featured expert representatives from across the sector, including an introduction to the report by Philip Le Feuvre, Chief Strategy Officer NCFE and David Phillips, MD City & Guilds and ILM; and panellists including, David Marsh, Co-Chair of The St Martin’s Group and CEO of Babington; Mike Faulkner, COO IBM UK, Consulting Division; Anna Ambrose, Director of the London Progression Collaboration and Shannon Wilson, a current chartered management degree apprentice with IBM UK.