According to Business West’s Business Skills and Training Survey 2017, 64.9% of businesses in the West of England have never hired an apprentice, with lack of time cited as the main reason.
Yet with 96% of companies who take on an apprentice reporting benefits to their business (National Apprenticeship Service), organisations who do not consider this option when hiring or developing staff could be missing out.
Read on to find out more about some of the key benefits to employers of hiring an apprentice:
An astonishing 72% of businesses report improved productivity as a result of employing an apprentice, according to the National Apprenticeship Service. Having an extra pair of hands on the team means more tasks can get completed and you may even have time to explore projects or carry out research that you would not have previously been able to do. Although there can be time spent assisting an apprentice, the increased overall productivity can outweigh this.
On the back of this, increased productivity usually means an upturn in revenue and profit. The National Apprenticeship Service claims that the average person completing an apprenticeship increases productivity by £214 per week, so what’s not to like about that?
Lower Staff Turnover
Apprentices are often loyal to the company in which they gained their training and qualifications, with The National Apprenticeship Service reporting that 71% stay with the same employers once they finish their apprenticeship. They recognise that you have invested time and money into training them up in a particular skill, and at the same time will feel integrated into your organisation so will repay that with loyalty, resulting in a lower staff turnover and in turn, less money spent on recruitment.
Fix Skills Gaps
Taking on an apprentice within your company means that you can teach them the specific skills you need as a business. Working with a training provider, you can also use apprenticeships to upskill your existing staff where you feel it is needed most, so whilst technology advances and different skills are needed, you can protect your company from skills gaps that could have a negative impact in the long run.
Revitalise Your Business
Apprentices often come into an organisation with a fresh perspective, as well as bags of enthusiasm and energy. This can have a positive effect on your existing staff too, who may enjoy having someone with new ideas join the team. A positive workforce are more likely to perform better as well, so really it’s a win-win for you.
Build Your Brand
Apprenticeships are big news and are becoming a more popular recruitment method across all industries. Any organisation that has an apprenticeship scheme is likely to be seen as a business that is forward thinking and likes to invest in their staff, and that is attractive to anyone, whether they’re looking for a new role, or great company to work.
Apprenticeships can benefit any size of business, whether you’re a large corporate, SME or start up. Need more advice and information on where to start? Why not get in touch with the Skills Team at Business West who can let you know the best next steps to take. You can email them or call 0330 124 4446.
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