As a business owner, you’d be right in thinking an Apprentice would be a valuable addition to your team. In fact, there’s never been a better time to hire an Apprentice as the Government has committed to 3 million Apprentice starts by 2020.
Apprenticeships can be used to train both new and existing employees and give people the skills to gain and sustain employment – benefiting employers of all sizes and the UK economy as a whole.
Companies hiring Apprentices have as much to gain as the workers themselves. An Apprenticeship is a mutually beneficial process that delivers bottom line benefits to a business.
But the benefits don't stop there, read on to learn how an Apprentice can benefit your whole workforce and deliver a return on your investment.
Key benefits of hiring an Apprentice in your business:
- A committed workforce - One of the biggest opportunities Apprenticeships offer is the chance to build a dedicated, loyal workforce, with Apprentices growing into management roles as their skills develop.
- Filling the gap - There may be a shortage of jobs overall in the UK, but some sectors have the opposite problem with a shortage of people with the right skills for certain jobs, and skills gaps emerging in areas such as IT and retail. Taking on an Apprentice will address future potential skill shortages before they happen.
- Apprentices pay for themselves – Apprentices improve productivity in a business, making a positive impact on your bottom line – by £214 a week on average.
- Productivity boost – Apprentices are learning on the job and thus contributing to productivity.
- A morale boost - The decision to recruit apprentices demonstrates a willingness to invest in and develop the workforce which gives existing employees reason to be optimistic about their own prospects.
- A return on investment - While there is a small cost in hiring Apprentices, there’s a helping hand available in the form of government grants and incentives for companies taking on Apprentices, which can make it more cost effective to train Apprentices than hire skilled staff.