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How Businesses Can Benefit From Apprenticeships

Jan. 12, 2021, 2:08 p.m.
Apprenticeships can be a fantastic investment opportunity for your business. Whether you're looking to recruit new talent, or utilise Apprenticeships to up-skill your existing team members, Apprenticeships offer a wealth of benefits.

In recent years, the Government have directed their efforts towards promoting Apprenticeships to a wider audience that expands further than just young people looking for work. The modern Apprenticeship can provide opportunities to people of all ages, at all stages of their career. This includes both entry level all the way up to a Degree level of training. As an employer, there are many ways you can utilise an Apprenticeship to benefit your business. Below, our team have provided 5 ways an Apprenticeship can be utilised to make a positive impact...

1. Recruit New Talent

Apprenticeships continue to be a fantastic way to provide opportunities for job seekers looking to gain employment in their chosen sector. Offering Apprenticeships within your business will help you to recruit new talent, and train people to your exact business requirements. Not only will you be able to ensure their skills and knowledge are tailored to their new job role, but you will also be able to ensure that they are receiving industry standard training from a Training Provider.

Furthermore, taking on an Apprentice can reduce your typical recruitment costs and you may also be entitled to an incentive payment provided by the Government.

2. Up-Skill Your Existing Team Members

It's important to remember that Apprenticeships aren't only directed at new recruits, they can also be utilised by employers as an effective way to up-skill your staff.

By putting your existing staff members through an Apprenticeship, they will be able to remain in their current position whilst taking on further responsibilities so they can implement the training into their role.

Investing in your staff will also provide them with a sense of value and improves their opportunities to progress within your business.

3. Prove Investment and Increase Value

All employees want to feel like they are a valued member of your business, and the best way to prove this is by investing in their training, development and career progression.

Apprenticeships have been proven to boost your businesses appeal to new recruits, as well are improving staff morale, motivation and productivity. These internal benefits may also be reciprocated through to your customers, which may result in financial return. According to a recent Government survey, 75% [of employers] reported that apprenticeships improved the quality of their product or service.

Furthermore, investing in an Apprentice is extremely cost effective. To find out more about funding for Apprenticeships, visit the Government website.

4. Improve Staff Loyalty and Retention

Investing in training and development for your staff will ensure they are satisfied in their role and want to progress within your business.

Maintaining the same staff and ensuring their training is tailored to your business can also provide your business with loyal team members that you trust and have your best interest at heart.

5. Increase Productivity and Improve Employee Skills and Knowledge

Providing your team members with further training will give them the confidence, skills and knowledge to work more efficiently, resulting in increased productivity.

According to the Government website, more than three quarters (76%) of employers say that productivity has improved within their company after employing an Apprentice.

If you would like to access more information regarding employing an apprentice, please visit out employers page. Alternatively, if you wish to speak to a member of our recruitment team. Call 0121 333 3001 or submit an enquiry here.