Interested in apprenticeships? Then read on to find out about the advantages they have for apprentices and businesses alike.
Apprenticeships have come a long way in recent years and with the new funding framework in place from April last year, plans are afoot to fund a further 3 million apprenticeships by 2020. Perhaps you could be one of the people to benefit. What’s clear is that this new investment provides a plethora of opportunities for both businesses and individuals.
The benefits for apprentices:
· Training and work experience
Most of all, apprenticeships provide a recognised qualification and skills development, whilst also providing a genuine job and valuable work experience. Apprenticeships thereby provide the perfect combination of training and experience – standing apprentices in good stead for their chosen career. Not for apprentices the concern of having qualifications without any real experience of the workplace.
· Dedicated study time
Apprentices are given a dedicated amount of study time each week – government guidelines stipulate that they spend at least 20% of their time on off-the-job training. So apprentices have study integrated into their training – so they won’t face the difficulty of fitting study around a full time job for example.
· Earn and learn
Moreover, whilst gaining their experience and qualifications, apprentices also earn a wage. So they needn’t worry about how to fund their study – apprentices are paid for their working hours and for training that is part of the apprenticeship.
· Additional benefits
All apprentices also receive the same benefits as other employees, like paid holiday and bank holidays for example.
The benefits for businesses:
· Skilled employees
Firstly, apprenticeships allow employers to address the skills gap, as apprentices will be equipped with the right skills for their business. Apprenticeship modules are chosen to reflect the role and industry in which the apprentice works, ensuring they have appropriate skills and knowledge for their workplace.
· Better staff retention
Moreover, apprenticeships have been shown to improve staff loyalty – so businesses don’t have such a high turnover of employees, improving their staff retention and reducing recruitment costs.
· Improved productivity
Apprentices improve the productivity of their workplaces, so say a reported 72% of businesses. In fact, it’s been estimated that each apprentice improves productivity by £214 a week.
· Funding opportunities
There has been much discussion about the apprenticeship levy, but less than 2% of businesses pay the levy, with the remaining small and medium-sized enterprises typically receiving 90% of the cost of funding an apprenticeship. So taking on an apprentice is an extremely cost-effective way to develop a business.
So as you can see, the reforms to apprenticeships and the new funding framework that has been put in place provide a great many opportunities for employers and their employees too. To discuss your apprenticeship needs contact our experienced team today.
NGTC deliver training at locations across the North West and North East, including apprenticeships, pre-employment courses and specialist courses relating to industries including construction, security, hospitality and retail. Our industry partners, include large sporting organisations and colleges; together we help attendees fulfil their potential, providing them with the skills needed to forge ahead in their chosen career.