September is around the corner and many young people across the UK will be heading off to start their University courses. While this attracts the attention of some other young people would rather head into the working environment. This is where Apprenticeships work giving young people the best of both worlds working and still being in education.
What is an Apprenticeship?
Apprenticeships are an educational scheme in which people who are aged 16 and over can gain a qualification, whilst also being in the working environment as an employee who is new to the field.
What are the Benefits of Employing an Apprentice?
- A fresh face & breath of fresh air – Hiring new young talent can add a whole new perspective to your workplace. Young people are known to have keen ideas that your company may have never thought of before. An apprentice can also excite existing employees, thus giving an overall boost in business productivity.
- Increased Productivity – Employing an apprentice can be a highly cost-effective way to increase your workforce. Recent studies have shown that over 80% of businesses that employed apprentices found that their workload productivity had increased significantly because of their apprentices. Research shows that an average apprentice increases productivity by £214 a week, that’s £856 a month. While the minimum wage for an apprentice is £3.70.
- Long-term Development – Apprentices can help you improve the range of skills that your organisation has. They also encourage you to look at the way your businesses does things because you are passing on your knowledge and expertise to a person who is keen to learn the trade or business. This also helps encourage you as a mentor to enhance your own skill development. Just by simply taking a closer look at what you do and why you do it the way you do can lead to you making improvements and becoming more efficient.
- Staff Retention – As well as employing an apprentice with the right skills your business needs they can also aid staff retention, providing you with skills for the future of your business. A recent study shows that 74% of apprentices tend to be more loyal then non-apprentices.
- No Added Cost to Your Business – Apprenticeship programmes in Wales is moving towards an all-age Apprenticeship scheme. Since August 1st 2016, level four and five High Apprenticeships are fully-funded in Wales alongside level two and three which are fully funded to 16-19-year-olds and for those over 20 years old who have been in their role for less than one year.
- Minimal Downtime for Studying – Most Apprenticeships are work-based training programmes, the training is usually on the job at the employer’s workplace. Times, when Apprentices need time to study, is arranged to suit the Apprentice, Employer and course Tutor in order not to create disruption to the workload.
- Tailoring the Apprenticeship Scheme to Your Business – Apprenticeships have no set rules they can be tailored to specific job roles, making them flexible to the needs of your business. An advantage is that you will effectively train a brand new employee to think and act in the interest of your business from their first day, knowing they haven’t picked up any bad practice from anywhere else.
- Helping Fill In a Shortage of Skills – Apprenticeships help employers fill the skills gap within their business. Apprentices are also ensured by their employer that they get the knowledge, skills and behaviours they need while growing into a talented and engaging workforce.
- No NI to pay – Since April 2016, you will no longer have to pay employer National Insurance contributions for Apprentices under the age of 25.
- Looking ahead to the future – Apprentices provide your business with the skills your business will need for the future along that can be passed on to future, employees with things such as technology as it is always changing and improving.
If you are looking at employing an Apprentice or want any advice on Apprenticeships, our member engagement team are happy to advise you. Contact us on 01565 626 001