APPROACH

ROI project promotes open and innovative practices in a digital era which will enable the SMEs managers to raise their awareness about the costs and benefits of WBL and Apprenticeship thanks to the calculation of their ROI, Return on Investment and a Good Practice Guide with the most successful case studies.

The digital tools developed in the framework of the project will remain available as open educational resources under Creative Common License.

 

ELEMENTS OF INNOVATION

The innovative force of the project is the development of a model of costs and benefits calibrated on the specific needs of small and medium enterprises (SMEs) in order to calculate in advance the return of investments.

Differently from traditional ROI analysis, the model presented by the project focuses on both SMEs-related benefits as also on society-related ones in order to clearly demonstrate the multilevel outcomes derived from work-based learning practices.

The innovative elements of the project’s main outputs are:

WHAT WILL I GAIN?

  • If you are a VET provider, you will have at your disposal a model and a digital tool to promote to SMEs in order to engage them in the provision of apprenticeships. This way you will be able to find more easily apprenticeship positions for your learners.
  • If you are a policy maker, you will be able to use the model and the digital tool results in your decision making processes in order to discuss the funding mechanisms for apprenticeships and engage in a dialogue with SMEs, VET providers and social partners for the identification of a sustainable funding formula.

Return on Investment of Work Based learning and Apprenticeships [2017-1-SK01-KA202-035375] has been funded with support from the European Commission. This publication reflects the views only of the author, and the Commission cannot be held responsible for any use which may be made of the information contained therein.