The Return on Investment (ROI) calculator has been designed to help you understand the returns you can possibly gain on investing in Apprenticeships.
Drawing on the latest research from the Warwick Institute for Employment Research (‘The Net Benefits to Employer Investment in Apprenticeship Training’ – November 2008) into the costs and benefits of Apprenticeships, the ROI calculator has been made available to help employers make the right decisions.
The ROI calculator estimates the average costs of employing and training an apprentice against the gains that come when their ‘additional productivity’ impacts on the business.
Apprenticeships are an investment with a lasting reward, some of which are not easily measurable, such as; improving staff retention, providing future managers and introducing innovation.
The outcomes of the ROI calculator does not include these things however it can give you a starting point.
The ROI calculator does not give guaranteed investment information - it’s a tool to help you assess the positive impact of Apprentices on your business – there are lots of variables, and its analysis is based on the results of research across six sectors: engineering, hospitality, retailing, social care construction and business administration.
The return on investment calculator, while developed using evidence from Warwick IER, is the sole responsibility of NAS