Benefits to business
The benefits of apprenticeships are becoming increasingly obvious to more and more businesses. It’s a fact that apprenticeships develop a motivated, skilled and qualified workforce. Businesses that offer apprenticeships view them as beneficial to their long-term development.
Apprenticeships have the following benefits:
Improve your bottom line
Apprentices deliver real returns to your bottom line. In a survey*, the majority of employers said that Apprentices helped them to improve productivity and to be more competitive. They also said that training Apprentices is more cost effective than hiring skilled staff, leading to lower overall training and recruitment costs.
Fill your Skill Gaps
Apprenticeships deliver skills designed around your business needs. They also help you develop the specialist skills you need to keep pace with the latest technology and working practices in your sector.
Employers in the Populus survey said they relied on their Apprenticeship programmes to provide the skilled workers they need for the future.
Motivate your workforce
Apprentices tend to be eager, motivated, flexible and loyal to the company that invested in them. Remember an Apprentice is with you because they want to be; they have made an informed choice to learn on the job and made a commitment to a specific career.
Long term benefits
Employers have identified a number of long term benefits arising from Apprenticeship training. These include:
- A supply of people with the skills and qualities that businesses require
- A supply of skilled recruits to help businesses grow
- Apprenticeship Frameworks are more practical and job related than other forms of learning
- Apprentices tended to stay and progress within the business
- Employers could support the apprentice with their CPD and career progression which in turn enhances the business
- Teaching apprentices enabled senior staff to consolidate their own knowledge
According to the British Chambers of Commerce, most employ an apprentice to improve the skills base within their business. They also state that:
- 82% of employers take on apprentices to build the skills capacity within their businesses.
- 75% of apprentice employers say the programme has helped cut recruitment costs. 80% say that apprenticeships will play a bigger part in their future recruitment policy.
- 88% of apprentice employers believe they lead to a more motivated and satisfied workforce, leading to greater loyalty and quality.
- 81% of consumers favour companies that employ apprentices.
- 80% of employers feel that apprenticeships reduce staff turnover.
- 81% of apprentice employers say they make their businesses more productive. The average apprenticeship completer increases business productivity by £214 per week.