QA’s apprenticeship programmes deliver over £580 million in social value
QA’s new Social Return on Investment report has revealed that its apprenticeships have generated over £580 million in social value over the last year.
QA has released new findings revealing that its apprenticeship programmes generated over £580 million in social value over the past year alone. The findings have been revealed for the first time thanks to QA’s new Social Return on Investment (SROI) report, which highlights the progressive power of workforce development.
The report, researched by GIST Impact, analysed 22 digital apprenticeship programmes delivered by over 250 subject matter experts, measuring the economic, social, and environmental impact of their investment. The findings showed that for every £1 invested, QA’s apprenticeship programmes delivered £6.89 in social value, a testament to the positive influence of digital skills training on communities and economies.
This data offers a clearer picture of the broader impact that initiatives like QA’s apprenticeship programmes can have, ensuring businesses understand the full scope of their contributions beyond financial returns.
These remarkable insights have led to a new partnership between QA and GIST Impact, a leading data and analytics provider. Through this collaboration, QA is now able to measure and maximise the social and environmental contributions made by the organisations which use their programmes. Thanks to cutting-edge tools, these organisations can now track their investment in people in a more holistic way.
The data provided by QA and GIST Impact goes beyond just calculating the overall social return on investment. It also offers detailed insights, breaking down the impact by region, gender, and ethnicity, ensuring businesses can understand the specific social value its programmes are generating across different communities. This in turn empowers organisations to be better positioned to serve the needs of its customers.
Jo Bishenden, Managing Director of Apprenticeships at QA, said: “Our partnership with GIST Impact allows us to showcase the incredible social return on investment that apprenticeships bring. Together, we’re paving the way for businesses to measure the transformative power of apprenticeships not just in skills, but also in local economic and social impact.”
Sam King, SVP Corporate at GIST Impact, added: “We are incredibly excited to partner with QA to bring a new dimension to workforce development. Together, we’re offering companies the data and insights they need to align their employee development objectives with broader strategic and societal goals, ensuring sustainable growth.”
The partnership between QA and GIST Impact introduces an innovative approach to workforce development, allowing businesses to align its investments with larger social, economic, and environmental objectives. GIST Impact’s science-backed tools help organisations track and assess their contributions to society, offering both tangible returns and strategic insights into the value of their workforce initiatives.