Apprenticeships have many benefits that are being recognized by more and more companies. Apprenticeships can help develop a qualified, skilled workforce. Apprenticeships can be viewed by employers as being beneficial for their long-term growth.
Apprenticeships provide the following benefits
You can improve your bottom line
Apprentices are a great investment in your bottom line. According to a survey*, most employers believe that Apprentices can help them be more productive and competitive. It is also more affordable to train Apprentices than to hire skilled staff. This results in lower training and recruitment costs.
Fill your Skill Gaps
You can find an apprenticeship which will help you develop skills tailored to your business. They can help you acquire the specialist skills that you need in order to keep up with changing technology and working practices within your sector.
Populus survey found that employers rely on their Apprenticeship programs for skilled workers.
Motivate your workforce
Apprentices are more likely to be motivated, flexible, loyal, and eager to learn from the company that invested in their development. Remember, an Apprentice is there for you because they wish to be.
Long-term Benefits
Apprenticeship training has many benefits for employers. These include:
Companies need to have a steady supply of workers with the right skills and attributes
Employers need skilled staff to help them grow.
Apprenticeship Frameworks are more relevant and work-related than other forms.
Apprentices are more likely to remain and advance within the business.
Employers could help the apprentice to get their CPD, and move up in the career ladder which can be a boost for the business.
Senior staff could consolidate their own knowledge by teaching apprentices
According to the British Chambers of Commerce most companies employ an apprentice in order to develop their skills. They also say that:
82% of employers are open to hiring apprentices to expand their skill base.
75% claim that the program has reduced recruitment costs for their apprentice employers. 80% believe apprenticeships will play a greater role in their future hiring policies.
88% believe that apprentice employers lead to a more motivated, satisfied workforce. This leads to greater loyalty to the company and better quality.
81% of customers prefer companies that hire apprentices.
80% of employers believe apprenticeships lower staff turnover.
81% claim they make their companies more productive. The average apprentice who completes an apprenticeship increases his or her business productivity by PS214 every week.
