The Return on Investment in supporting Australian Apprenticeships
GAN Australia codesigned a tool to help various stakeholders calculate the ROI of employing an apprentice or trainee in the country.
0$
return for every dollar employers invest over four years
0$
return for every dollar government invests
1.6-2.6
years for apprentices to generate net value
What we did
The Return on Investment calculator, developed by GAN Australia and AEN, draws on the modelling and assumptions outlined in their comprehensive discussion paper, “The Return on Investment in Supporting Australian Apprenticeships.” The paper explores the economic and social benefits of apprenticeships across multiple sectors and stakeholder groups: employers, individuals, and government.
Apprenticeship program participation rates have fluctuated in the country in recent years, presenting an opportunity for renewed discussion on the benefits of apprenticeships to Australia’s productivity and future skilled workforce needs. The tools highlight the significant economic and social advantages from investing in apprenticeships.
Outcomes
Through comprehensive cost-benefit modelling across multiple occupational sectors, the tools demonstrate how employers, individuals, governments, and the wider community all benefit, both directly and indirectly, from a robust and effective apprenticeship system. These programs not only build a talented workforce but also strengthen the fabric of society, delivering enduring value and fostering resilience for future generations.
Evidence & Outputs
Video
Return on Investment in supporting Australian Apprenticeships
