BIBB REPORT 08/09 - In-company vocational training - A worthwhile investment for enterprises
Findings from the 2007 BIBB Cost-Benefit Survey
Even though it initially generates costs, it is worth a company's while to provide in-house vocational training, primarily due to the benefits that arise when an enterprise hires its trainees upon completion of their training: This saves recruitment costs and even newly 'graduated' trainees are more productive - at least initially - than skilled workers who have been recruited from the external labour market. Further benefits in the form of an enhanced image and greater attractiveness for productive employees also play an important role. In addition, in many companies, the work trainees do during their training covers the cost of providing their training. The following report outlines this and other key findings from a company survey that the Federal Institute for Vocational Education and Training (BIBB) conducted on the costs and benefits of in-company vocational training.