Training Means Business
Progressive and profitable companies understand the impact of training on the bottom line. Training is not a cost, it is an investment that pays.
In 2009, the Canadian Apprenticeship Forum-Forum canadien sur l’apprentissage (CAF-FCA) directed a study, It pays to hire an apprentice: Calculating the Return on Training Investment for Employers in Canada polling over 1,000 employers representing 16 trades from across every region.
The study indicated that, on average, employers receive a benefit of $1.47 for every $1 they invest in apprenticeship training. Participating employers revealed that apprenticeship training resulted in benefits for journeypersons, reduced risk of skill shortages, greater overall productivity, better customer relations, fewer mistakes and better health and safety performance.
In a release from the Canadian Apprenticeship Forum, Dan Mott from Mott Electric says, “Apprenticeship supports the bottom line. I hope my colleagues will consider apprenticeship as a viable option after learning about the results. I know from my experience it definitely pays to invest.”
Look to these pages for information on how to make training good business.