Apprenticeships combine on-job training with off-job learning and are fast becoming a popular alternative to uni for many younger people. Yet what exactly are the benefits for employers in embarking on this method of recruitment. Read on to discover eight reasons why your business should consider getting onboard.
- Tailored Workforce – Apprenticeships allow employers to tailor training programs to meet their specific needs, ensuring that apprentices learn the skills and knowledge required for the business’ operations.
- Cost-effective Recruitment and Training – Most businesses have access to Government-funded grants to cover some or all the training costs, and apprentice pay rates can be lower for the first 12 months. You may already be paying an ‘apprentice levy’, which you might as well make use of.
- Retention of Talent – Apprentices on a programme are less likely to leave during the period of study, and those who complete their programmes often feel a sense of loyalty to the company for investing in their training. This can lead to higher retention rates and reduced turnover costs.
- Increased Productivity – Skilled apprentices contribute to increased productivity in the workplace. As well as this, they can bring fresh perspectives and up-to-date knowledge, for example, digital skills, which can often be lacking in the workplace.
- Succession Planning – Apprenticeships help employers develop a pool of talented people who can potentially fill higher-level positions in the future, aiding succession planning.
- Improved Company Reputation – Investing in apprenticeships demonstrates a commitment to workforce development and social responsibility. It can enhance the company’s reputation, making it attractive to job seekers.
- Diverse Perspectives – Apprenticeship programmes can attract a diverse pool of talent, bringing different perspectives and backgrounds into the workplace, which can be beneficial for creativity and problem-solving.
- Compliance and Standards: Apprenticeship programmes are designed by employers within the sector, therefore they align with current industry standards and practises, and ensure the apprentice is armed with the best knowledge and skills. They may even be able to help upskill existing employees.
While there can be an initial investment in recruiting and training apprentices, the long-term payoff is a highly skilled and loyal workforce, contributing significantly to the business’ success and growth for the future.
If you’d like to find out more about the ins and outs of recruiting an apprentice, and discuss how to make best use of the funding available, please drop us a note here today and we’ll set up an initial chat.