Grow talent with an apprenticeship
Apprenticeships are a unique way for employers in a wide variety of industries to nurture their own talent. They combine on-the-job training in your organisation with off-the-job learning.
This hands-on learning takes place in context and provides a real understanding of the working world, combining practical skills with theoretical knowledge.
The path continues with a career route into your organisation. Good for the apprentice and even better for you as you can develop the skills you need now and in the future.
Nurture a dedicated workforce
One of the biggest benefits for businesses of running an apprenticeship scheme is that it helps create a dedicated, loyal workforce. The majority of apprentices are young school or college leavers, meaning that they have lots of enthusiasm and a passion to learn the ways of your business as you help them climb the career ladder within your organisation.
In fact, research by Populous, conducted for National Apprenticeship Week, shows that 80 per cent of employers questioned feel that apprenticeships reduce staff turnover, suggesting that apprentices feel loyal to the company which trained them.
Cost-effective skills development
It also makes financial sense to work with apprentices as a good candidate can often pay for themselves within a few years, whilst improving a company’s bottom line by boosting productivity and making companies more effective.
The initial outlay of hiring an apprentice is often smaller than many companies think, thanks to government funding and the fact that they are paid a reduced wage. In fact, a study by the UK Commission on Employment found that 88 per cent of employers feel apprenticeships are a cost-effective way to train staff.
Apprenticeships also make a contribution to the wider economy, with data from the National Audit Office showing that every £1 spent on apprentices pays back £18 to the economy.
“96% of Employers reported that Apprenticeship completers were better able to do their jobs.”
“75% of Employers viewed Apprentices as either important or vital to their businesses.”
“9 out of 10 apprentices will stay in employment after completing their award, with 70% staying with the same employer!”