Increasing numbers of people are turning to apprenticeships in various sectors, from small businesses to major corporations. Additionally, small firms utilise it as a recruiting and training tool. Apprenticeships currently encompass more than 170 sectors and 1,500 job opportunities from entry to degree level, so if you wish to hire an apprentice, here’s a list of the business advantages for enterprises just like yours.
A New Influx of Oxygen
Adding a dose of youthful energy to your office may bring a whole new perspective and new ideas to the table. There is the potential for an increase in total corporate productivity as a result of this.
Enhanced Output
You must know that it can be a cost-effective choice to hire an apprentice. Over 80% of organisations that offer apprenticeships saw a boost in productivity, according to research. The minimum pay for 16 to 18-year-olds is barely £2.68 an hour, yet the productivity of an average apprentice rises by £214 a week.
It’s a Good Sign for the Future
Apprenticeships are a great way to broaden your company’s skill set and increase productivity. For one thing, it helps you grow as a person since you’re sharing your knowledge and experience with those who are interested in learning. So, to develop and become more efficient, it is essential to look at what you do and why.
Assist in Worker Retention
Employing an apprentice may help you obtain the skills you need for your company, but it can also help you retain your current employees by supplying you with skilled workers for the future. An apprentice is more likely than a non-apprentice to be loyal, according to a recent poll.
There Is no Further Charge to You
An all-age Apprenticeship programme is being developed in Wales. Higher Apprenticeships in Wales are fully-funded as of August 1, 2021, along with apprenticeships for 16-19-year-olds and individuals over the age of 20 who have been employed for less than a year.
Downtime Is Minimised
Work-based training programmes like apprenticeships allow students to learn “on the job” or in the establishments where they will be employed. This is scheduled at times that work for both the employer and the apprentice to minimise interruption and business effect.
Customised for Your Company’s Needs
As a result, apprenticeships may be designed to meet the unique demands of a company. Because you know that they haven’t previously learned any undesirable habits from other employees, you can successfully teach a new employee to think and behave in the best interests of your company from the start.
Take a Look at a Lack of Expertise in Your Field
Employers benefit from apprenticeship programmes because they can develop a well-rounded staff with a wide range of specialised knowledge, abilities, and attitudes. As a result, employers that participate in apprenticeship programmes see trainees as a valuable asset.
NI Payments Are no Longer Necessary
Employer National Insurance payments for apprentices under 25 will no longer be needed beginning in April 2021.
Invest in the Future of Your Company
For any company, keeping up with technological advancements may be a difficult task. Apprenticeships are a great way to get the future employees you’ll need.
The number of people pursuing apprenticeships is rising steadily across the United Kingdom. It was a record-breaking year for the number of apprenticeships in England, with 509,400 starting in 2019/20, 9,500 more than in the previous year. The federal government has announced new apprentice subsidies. In addition to the earlier “Supporting Apprentices and Trainee Wage Subsidy” for small firms, it is designed to maintain current apprentices and trainees.
