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APPRENTICE QUESTIONS

GENERAL QUESTIONS

%
month(s)

RECRUITMENT AND SELECTION COSTS

A negative value for costs may indicate that costs associated with employees are less than that for an apprentice. If this is the case, this sliding scale allows you to identify by how much less (or more) the associated costs are
0
0
Staff roles What is the hourly rate of staff members involved in recruitment and selection? How many hours in total does this member of staff spend on recruitment and selection for one new apprentice? Calculation
1. Administration
2. Trainers
3. Management
4. Other1
5. Other2
6. Other3
TOTAL
A negative value for costs may indicate that costs associated with employees are less than that for an apprentice. If this is the case, this sliding scale allows you to identify by how much less (or more) the associated costs are
0
0

INTERNAL TRAINING AND MENTORING COSTS

0
A negative value for costs may indicate that costs associated with employees are less than that for an apprentice. If this is the case, this sliding scale allows you to identify by how much less (or more) the associated costs are
0
0
Staff roles What is the hourly rate of staff members involved in training and mentoring a new apprentice? What is the average number of hours per month this member of staff does/will spend on training one new apprentice? How many months does/will this member of staff spend on training/mentoring one new apprentice? Calculation
1. Administration
2. Trainers
3. Management
4. Other1
5. Other2
6. Other3
TOTAL
A negative value for costs may indicate that costs associated with employees are less than that for an apprentice. If this is the case, this sliding scale allows you to identify by how much less (or more) the associated costs are
0
0

EXTERNAL TRAINING AND MENTORING COSTS

A negative value for costs may indicate that costs associated with employees are less than that for an apprentice. If this is the case, this sliding scale allows you to identify by how much less (or more) the associated costs are
0
0
External Trainers What is the average monthly cost for external trainers/mentors to support a new member of staff? How many months does/will this external trainer/mentor spend on training one new apprentice Calculation
1. Trainer 1
2. Trainer 2
3. Trainer 3
4. Trainer 4
5. Trainer 5
6. Trainer 6
TOTAL
A negative value for costs may indicate that costs associated with employees are less than that for an apprentice. If this is the case, this sliding scale allows you to identify by how much less (or more) the associated costs are
0
0

APPRENTICES WAGES

A negative value for costs may indicate that costs associated with employees are less than that for an apprentice. If this is the case, this sliding scale allows you to identify by how much less (or more) the associated costs are
0
0

EQUIPMENT COSTS

0
A negative value for costs may indicate that costs associated with employees are less than that for an apprentice. If this is the case, this sliding scale allows you to identify by how much less (or more) the associated costs are
0
0
Equipment What is the annual cost for equipment for a new apprentice?
Year 1
1. Equipment 1
2. Equipment 2
3. Equipment 3
4. Equipment 4
5. Equipment 5
6. Equipment 6
TOTAL
Year 2
1. Equipment 1
2. Equipment 2
3. Equipment 3
4. Equipment 4
5. Equipment 5
6. Equipment 6
TOTAL
A negative value for costs may indicate that costs associated with employees are less than that for an apprentice. If this is the case, this sliding scale allows you to identify by how much less (or more) the associated costs are
0
0

ADDITIONAL COSTS

Other Areas Costs
Year 1
1. Other Area 1
2. Other Area 2
3. Other Area 3
4. Other Area 4
5. Other Area 5
6. Other Area 6
TOTAL
Year 2
1. Other Area 1
2. Other Area 2
3. Other Area 3
4. Other Area 4
5. Other Area 5
6. Other Area 6
TOTAL
A negative value for costs may indicate that costs associated with employees are less than that for an apprentice. If this is the case, this sliding scale allows you to identify by how much less (or more) the associated costs are
0
0

APPRENTICE PRODUCTIVITY

0
This sliding scale allows you to identify how much more or less the productivity of an employee would be in comparison to an apprentice
0
0
What is the average hourly gross wage for a member of staff that would alternatively be paid for overtime? On average how many hours overtime per month would this member of staff work? Calculation
TOTAL

EMPLOYEE QUESTIONS

month(s)

INTERNAL TRAINING AND MENTORING COSTS FOR NEW STAFF

0
0

EXTERNAL TRAINING AND MENTORING COSTS FOR NEW STAFF

0
0

WAGES

0
0

CHANGE IN PRODUCTIVITY

0
0

VALUE OF AVOIDED MISTAKES/ERRORS

0
0

RESULTS

POTENTIAL ROI
COSTSOUTCOMES
00
ROI (TOTAL OUTCOMES / TOTAL COSTS) = 0

The value shows profit or loss (in EUR) generated by one invested monetary unit (one EURO) or how many times the resulting value is higher or lower than the invested money. The ROI value multiplied by 100 shows the ROI in %.

NET PRESENT VALUE (TOTAL OUTCOMES - TOTAL COSTS) = 0

The net present value indicates how much money will be generated by the realisation of this investment. Positive NPV value indicates that the investment or investment project is acceptable. Negative NPV value indicates that the investment or investment project is not acceptable.

In addition to the financial costs and benefits there are also what can be called elements of social value that are created by apprenticeships and work-based learning. For example, there is a body of evidence that shows that students increase their confidence, motivation and ability to reflect – these will create benefits for the individuals, as well as other people and organisations. For more information about social value see the project’s model that provides more information and visit the Social Value UK website at http://www.socialvalueuk.org/