Quality apprenticeships are beneficial not only for students, but just as much for employers and society.
The European Alliance for Apprenticeships will advance further analysis and promote the benefits of work-based learning.
A VET-student who spends much of her or his time being trained within a company will more effectively learn the skills needed in the work place: using modern machinery and equipment and being involved in real-life work processes. The accompanying school will provide him/her with a good balance between general skills and firm-specific skills, a broader perspective and a nationally recognised qualification. In many countries, a VET education with solid work-based learning is the safest way to employment.
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A company that takes on apprentices is likely to have a net profit on this investment either within the apprenticeship period or shortly afterwards, when hiring a fully-trained worker. Coming in with a fresh mind and new perspectives, apprentices can also contribute to useful adjustments and innovations within the company.
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Evidence shows that countries with strong VET and apprenticeship systems have much lower youth unemployment than countries where work-based learning is not embedded in the system. The likely benefits for society are many, such as: more taxes raised, less welfare expenses, higher consumption, more active participation in civil life, etc.