Apprenticeships are a sure-fire way for employers to introduce new talent and develop their workforce. According to the National Apprenticeship Service, 86% of employers say apprenticeships help them develop skills relevant to their business. 78% have seen an improvement in productivity, whilst 74% said apprenticeships helped them to improve the quality of their products or services.
Here are 10 benefits of hiring apprentices:
- You can employ apprentices at different levels.
This ranges from school leavers through to university graduates. In addition, apprenticeships can be used for people who want to further their careers or perhaps change career direction completely. - Apprenticeships can be used to upskill an existing employee in the business.
This means you can fill skills gaps within your existing workforce – resulting in employees who possess the latest knowledge. - Apprenticeships are a cost-effective way of training employees. Instead of funding expensive certifications, apprentices are trained on the job, so they are working whilst learning.
- Skills are tailored to your business.
The first step before employing an apprentice is to identify where gaps lie in your current workforce. You can then choose an apprenticeship standard to plug the gaps. - Improve retention rates.
The investment in apprentice often works both ways and most apprentices choose to stay on with the business after the apprenticeship ends. - Funding is available for businesses employing apprentices.
According to the NAS, it’s estimated the yearly gain for employers is between £2,500 – £18,000 per apprentice during their training period. In fact, apprentice outputs typically surpass their associated costs. Look at the current funding available. - Apprenticeships can increase diversity in the workforce.
Particularly if you actively recruit and train individuals from different backgrounds and experiences. This will also give your business a wider range of perspectives and ideas. - Apprenticeships can help with succession planning
Training and developing future leaders within the organisation. - Inject new ideas into the business.
Don’t forget that apprentices are up to date in the latest thinking and knowledge around their subject areas. This means they can bring a fresh perspective. - Reduce recruitment costs.
Instead of spending budget on recruitment agencies or job boards, you can develop your own talent.
Investing in apprentices can help your business thrive. By providing opportunities for individuals to gain valuable experience and skills, you can develop a talented and loyal workforce to take your business to the next level.
