Company Costs & Benefits

The company bears the costs of the remuneration of the apprentice and the costs of the in-company training. The level of remuneration of the apprentice will often be laid down in the collective agreements. If not, it will be specified in the contract between the training company and the apprentice.

The company’s costs are mainly connected to the salary paid to the apprentice. Salaries in college-based periods of VET are reimbursed to the company from a common fund financed by all companies in Denmark. However, the guiding principle in terms of company costs is that the apprentice is supposed to participate in productive work, thus minimizing the costs for the Company.

In Switzerland, the private sector contributes substantially to the financing of the VPET system. Companies for example bear the costs the salaries of the apprentices and their trainers. After all, they are motivated to do this, as profit economically. there is a positive correlation that leads to a net benefit for the company conducting an apprenticeship. Extensive research on the cost-benefit ratio of apprenticeships shows that companies offering apprenticeship-positions retrieve a net benefit.