Benefits to Your Business
Apprenticeships are a cost-effective means for delivering industry training to address your skills gap, by bringing in fresh new talent or developing the skills and confidence of your existing employees.
Here are some reasons why apprenticeships should be a key part of your recruitment and training strategy.
- Cost effective recruitment of new employees
Apprenticeships give you the opportunity to bring in fresh new talent and help fill any skills gaps whilst shaping their learning around the working practices of your organisation.
- Upskill existing employees
Apprenticeships are for learners of all ages and are offered at level 2 through to degree-level. This makes them a great way to develop employees throughout your organisation.
- Improved staff retention
Investing in the development of your own staff will result in a motivated and ambitious workforce, helping to improve retention of key skills and experience.
- Increased quality and productivity through better trained staff
Employers who have an established apprenticeship programme reported that productivity in their workplace had improved by 76% whilst 75% reported that apprenticeships improved the quality of their product or service. (Education and Skills Funding Agency 2017)
- You’re paying for apprenticeships anyway so you might as well benefit from them!
If your wage bill is in excess of £3 million then you will be contributing to the new Apprenticeship levy. The only way to reclaim this is through the hiring of apprentices so it’s a case of use it or lose it.