Businesses are increasingly realizing the value of apprenticeships. Apprenticeships create a skilled, motivated and qualified workforce. Apprenticeships are seen as a way for businesses to develop their workforce over the long-term.
Apprenticeships offer the following benefits:
Increase your bottom line
Apprentices bring tangible returns to your bottom-line. Employers overwhelmingly stated that Apprentices have helped them increase productivity and make their business more competitive. Employers also stated that Apprentice training is more cost-effective than hiring skilled employees, which results in lower overall training and recruitment expenses.
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Fill your Skill Gaps
Apprenticeships provide skills that are specific to your business. You can also develop the expertise you need to keep up with the most recent technology and work practices in your field.
Populus survey respondents stated that their apprenticeship programmes were crucial in supplying skilled workers to the future.
Motivate your workforce
Apprentices tend to show loyalty to their company by being motivated, flexible, enthusiastic, and motivated. Remember that an Apprentice is here because they are interested in learning.
Long term benefits
Employers see many long-term benefits from Apprenticeship training. These include:
An abundance of people with the skills, qualities and abilities that businesses need
To help businesses grow, there must be a supply of skilled workers
Apprenticeship Frameworks can be more practical and are often linked to a job than other forms.
Apprentices tend to stay with the company and continue their education.
Employers can support apprentices with CPD and career development which, in turn, enhances the business.
Senior staff were able to consolidate their knowledge through the teaching of apprentices
The British Chambers of Commerce reports that many businesses employ apprentices to enhance their skill base. They also mention that:
82% employers employ apprentices in order to improve their business’s skills.
75% say that the apprenticeship program has cut down on their recruitment costs. 80% of apprentice employers believe that apprenticeships will play an even larger role in their future recruiting strategy.
88% of apprentice employers think they create a more engaged and satisfied workforce which leads to higher loyalty and quality.
81% prefer to work for companies that have apprentices.
Apprenticeships are believed to reduce turnover by 80 percent of employers.
81% of apprentice employers claim that they improve their businesses’ productivity. An average apprentice increases their business productivity by £214 each week.