8 Reasons Why to Employ an Apprentice
When you need to hire extra talent for your business, there are always several options to consider. Sometimes you might hire a freelancer or temporary employee to fill a gap in your workload. Other employers may hire a recent graduate or they may have a post that can only be filled by someone with years of experience.
However, thousands of businesses in the UK would benefit from hiring an apprentice. There are some excellent benefits to taking on an apprentice or even more than one of them. Recruiting apprentices benefits not just one business, but your industry as a whole.
Here are the main reasons why you should consider hiring an apprentice:
The numbers reveal that most businesses see a positive value to taking on apprentices.
- 80% of businesses with apprenticeships reported that employee retention had improved.
- 77% believe that apprenticeships make them more competitive.
- Meanwhile, 92% think they lead to a more motivated and satisfied workforce.
And it’s not just employer who recognise the benefits of hiring apprentices. 81% of consumers would rather use a company that hires apprentices than one that doesn’t.
Apprenticeships are the ideal tool for filling skills gaps in your workforce and industry. As soon as your new apprentice starts their job, they will be learning relevant skills. They will help to raise productivity and performance for your business.
The specialist knowledge that they learn will have a positive effect on your bottom line. You can ensure that you are investing your money in the right places. The continued development of their skills means they will become a valuable asset to your company.
83% of employers who hire apprentices say they rely on them to provide the workers they need for the future.
A large proportion of employers turns to apprenticeships in tough economic conditions. One in five employers says that their hires were to help them through the economic climate of the last few years.
Hiring, training and paying an apprentice allows businesses to increase productivity more affordably. When it’s a struggle to keep the business going, the benefits of an apprenticeship shouldn’t be ignored.
Some employers may worry about the cost of hiring and training an apprentice. However, hiring a new apprentice or putting an existing member of staff throught an apprenticeship is more affordable than employers may think. Furthermore, the increase in productivity from an apprentice helps employers to cover their costs.
The learning allowance for an apprentice must be at least £3.30 an hour (since October 2015). The apprentice should be working for at least 30 hours each week. Employers can seek funding to help them train their apprentice for example the £1500 grant that may be available based on some criteria.
An apprenticeship is an excellent investment. At the end of the programme, you can consider hiring your apprentice as a full-time employee meaning that the apprenticeship and training period was at a much lesser cost than hiring a member of staff and training them for the first few months to get to grips with their tasks and the company.
59% of employers reported that training an apprentice is cost-effective. They say that it is better financially than hiring skilled staff. The same number believe that apprenticeships result in lower training costs overall. Just over half said they reduced their recruitment costs by hiring apprentices.
The amount of funding an employer receives for an apprenticeship depends on several factors. Employers can receive up to five grants of £1,500 for apprentices who are aged 16 to 24. There are several criterias that must be met. They may be different in some areas where the apprenticeship grant is managed locally.
For the Government’s AGE 16 to 24 programme, apprentices need to be new recruits. They should also not be in part- or full-time education. Employers also need to meet a number of conditions. Employers can also apply for funding to train their apprentices. If they are aged 16 to 18, the full cost of training can be covered. 19 to 23-year-olds can have half their training costs covered. Any apprentices 24 or older can still receive a contribution towards the cost.
Many employers recognise the benefits of training an apprentice to their bottom line. Businesses are able to boost their productivity by an average of £214 a week when they take on an apprentice. It doesn’t have to take long for an apprentice to result in a return on investment, either.
41% of employers say apprentices made a valuable contribution to the business during their training period. A third say that they added value to the company within the first few weeks.
Apprenticeships aren’t just for new hires. It’s also possible to use an apprenticeship to improve skills for your existing staff. Some apprenticeship training programmes are designed specifically for people already in full-time industry roles. As long as their qualifications are below degree/Level 3, they can complete an apprenticeship.
This is an excellent way to get more value from your existing employees. It allows you to fill skills gaps in your company without going through the recruitment process. Investing in your employees helps to improve staff retention. It also safeguards your business against skills shortages.
The idea of taking on an apprentice might seem a little daunting for some employers. The apprentice needs to have a mentor who will help them develop their skills. Fortunately, there is support available.
Employers can access support both for themselves and for their apprentice during their training. This helps to make the training period, and the rest of the apprenticeship run smoothly. Both employer and apprentice can feel more comfortable and confident in their roles.
Hiring an apprentice can seem complicated. But there is support from agencies and the Government to make it easier.
An apprentice is a valuable addition to your workforce. They can build skills for your business and provide useful contributions in a number of ways.