Apprenticeships create a win-win situation for everyone. Apprentices get the opportunity to learn skills on the job, gain nationally-recognised qualifications and earn a salary. As a small business, you benefit from a talent pool of enthusiastic individuals who can become valuable members of the working team. In fact, 80% of companies that have invested in apprenticeships report an improvement in staff retention.
Biggest advantages of taking on a apprentice at your organisation
1. Develop new skills
As a business owner, you know what skills your team needs to support and grow your business. If you've spotted skill gaps or areas of potential, you can use an apprenticeship scheme to train up new employees in these areas from day one. There are currently over 550 apprenticeship standards to choose from, so you'll be able to find one that fits your business aims and objectives.
2. Save on costs
Hiring an apprentice is a cost-effective way to support the development of new skills and talent in your business, with many employers able to access funding and grants to cover the costs. Depending on your business size and eligibility, most apprenticeship training costs are either fully or partially (95%) funded by the government, helping you to upskill your team on a budget.
3. Boost productivity
A staggering 78% of employers reported improved productivity after introducing an apprenticeship scheme. Apprentices are eager to learn from you and your team and enthusiastic about the qualification they've chosen. Supporting their growth in turn supports your business, and your apprentice will learn from your experienced team and will be able to apply the valuable skills they've gained through their training.
4. Promote Loyalty
If there's an opportunity, many apprentices at their company after earning their qualification stay as a loyal employee. In fact, 90% of apprentices stay at their company after completing their course.
5. Diversify your team
An apprentice can bring new perspectives to your business, especially if they are younger and familiar with new technologies; or if they are older and have a wealth of relevant skills and experience to offer. Whether they're a school leaver or someone looking to change their career path, it's a fantastic way to add new talent to your team.
6. Tailored to you
There is a wide range of apprenticeships your business can take advantage of, from finance and digital marketing to manufacturing and software engineering. Training someone up from a beginner means you'll be able to shape them to fit your business. You'll be able to choose a provider and apprenticeship standard that best meets your business needs.