Evaluating apprenticeship training programs for firms

Firms should know the costs and benefits of apprenticeship programs because it increases transparency and improves decision-making processes. At the policy level, this knowledge is essential for understanding the health of training markets and detecting market failures. The latter may be detrimental for young people who do not find a training place in a firm, which in turn may lead to (or exacerbate) skill shortages in the future. Sound evidence-based policies can help improve the framework conditions for apprenticeship markets and, if necessary, in designing effective training subsidies. Cost-benefit surveys offer an effective means of informing policymakers during this process.