With university tuition fees on the rise, many young people now have to look for alternative career pathways. In response, more and more companies are adopting apprenticeship programs. Werner Eichhorst writes that vocational training can ease the transition from school to work, and has the potential to rapidly reduce youth unemployment. These programs can also hugely benefit businesses: Robert Lerman discusses how retaining apprentices can lower recruitment and training costs. Youth employment rates are still a global concern and, while the world recovers from recession, apprenticeship are certainly a cost-effective way of improving labor prospects for young people.