Dropout Apprentices Increase Productivity Loss
Employers invest in training apprentices in a bid to improve human resources, but the purpose is defeated, as dropout rate is seen to cost Australia almost $12 billion in the next 10 years. NSW-commissioned modelling by Deloitte Access Economics has estimated the combined losses in NSW last year at over $180 million. Employers lost $124 million, the state government $33 million and the Commonwealth $26 million in payments and expenses.