An apprenticeship is a combination of employment and training. Designed by business for business, apprenticeships are ‘fit for purpose’ and allow employers to train individuals within the context of their organisation.
Apprenticeships are used in businesses of all types, sizes and sectors to attract fresh new talent and tackle skill shortages.
More than 100,000 employers across the UK currently use apprenticeships because they understand the benefits that apprentices bring to their business – increased productivity, improved competitiveness and a committed and competent work-force. Local businesses are being urged to get on board too.
There are many business benefits of apprenticeships. They can:
1. Improve your bottom line
By helping you to improve productivity and to be more competitive. Research has shown that apprentices are 10-15% more productive than ‘capable’ employees within 2-3 years. Training apprentices can also be more cost effective than hiring skilled staff, leading to lower overall training and recruitment costs.
2. Fill your skills gaps
Apprenticeships are designed by businesses for businesses which ensures that they are fit for purpose and meet business needs; they are not a ‘one size fits all’ approach. They ensure that your workforce has the practical skills and qualifications your business needs now and in the future. They also help you develop the specialist skills you need to keep pace with the latest technology and working practices in your sector.
3. Motivate your workforce
Apprentices tend to be eager, motivated, flexible and loyal to the company that invested in them. Remember, an apprentice is with you because they want to be – they have made an active choice to learn on the job and a commitment to a specific career.
Of the businesses recently surveyed throughout the UK on the benefits of hiring an apprentice:
- 81% said that employing apprentices generated higher overall productivity for their company
- 77% believed apprenticeships made them more competitive in their industry
- 92% said that their Apprenticeship programme leads to a more motivated workforce and increased job satisfaction
- 74% said that apprentices tended to be more loyal, remaining at their company longer than non-apprentices
- 59% reported that training apprentices is more cost-effective than hiring skilled staff
- 59% of businesses believe that apprenticeships lead to lower overall training costs
- 53% felt that apprenticeships reduce recruitment costs
- 83% said that they rely on their Apprenticeships programme to provide the skilled workers that they need for the future
- Over 75% expected apprenticeships to play a bigger part in their recruitment policy in future
- 81% of consumers say they would favour using a company that takes on apprentices.
For more information about apprenticeships visit the National Apprenticeship Service website: www.apprenticeships.org.uk.