What Are the Benefits of Apprenticeships for Employers?
There has been a major drive to make businesses and organisations in the UK aware of the benefits of apprenticeships for employers. As a training provider, Romain Designs are happy to provide this. We are constantly expanding into different sectors and work closely with employers of all sizes, in areas including London, Manchester, Liverpool, and Birmingham.
According to official Government figures, more than 2 million apprenticeships were created in the UK. Many different work sectors are now discovering the benefits of apprenticeships.
Alongside the rise in numbers of apprentices, there has also been a growth in traineeships. These include high-quality workplace placements, offering employers a chance to give young people (16-18 years) initial training to see how well they fit with the company. Hosting a trainee can help you to decide whether to go ahead and recruit the person as an apprentice, benefiting from the whole support package which is available for apprenticeships.
There are many advantages of apprenticeships for employers, including the following:
Boosting Productivity and Competitiveness
There is evidence that employing apprentices can improve the productivity of companies, with recent research demonstrating both short and long-term gains. A research study carried out for the Centre for Economics and Business Research (Cebr) found that, on average, each apprentice brings a gain in productivity of more than £10,000 per year for their employer, with figures for some sectors being even higher.
As well as boosting productivity, apprenticeships can also help companies to compete in the modern marketplace. In industry research, 77 per cent of employers agreed that taking on apprentices helped to make their organisations more competitive. Another finding was that more than 8 out of 10 customers prefer to buy from companies which employ apprentices.
Building Skills and Keeping Staff
A skills gap is currently affecting many organisations and companies in the UK, meaning it is hard to fill vacancies. However, by recruiting apprentices, you can train people to have the exact skills you need for your business, so investing in the future of your business. Another option is to offer apprenticeships to your existing staff as a way of improving their training.
In addition to building a company’s skills base, providing quality training to apprentices is also likely to bring benefits in terms of staff retention. A major reason for this is that staff typically feel loyal to employers who have invested in their training, and are therefore more engaged and motivated to stay.
Apprenticeships are particularly cost-effective as a form of training because young people are making a contribution to the workplace while they are learning. Apprentices spend much of their time gaining skills on the job and may attend Romain Designs centre one day a week.
Another cost advantage for employers is that, while you are expected to pay your apprentices’ wages, funding is available to cover many other training costs.
Advising Employers on Apprenticeships
Once you decide that apprenticeships are right for your business, and members/member of staff. we can help employers throughout the process. A member of our dedicated Employer Engagement Team will guide you on how to complete paperwork for trainees or apprentices, giving you all the support and information you need.
The amount of grant support varies depending on the sector, with the National Apprenticeship Service covering the full cost of mandatory training for 16 to 18-year-olds, while up to 50 per cent funding is available for those under 24. For those aged 25 and over, the level of government funding for an apprenticeship depends on factors including the type of work and area of the country where you are based.
Our team will also work with you to construct a training programme tailored both to the needs of the sector and to your needs as a specific employer, focusing on the skills you need in your business. This will include providing classroom-based study as needed. We also arrange assessment within the workplace, which is flexible and designed to avoid disruption to your business.
Apprenticeship training is not only of great benefit to employees, by improving their skills and starting them out on their career path. There are also many reasons why apprenticeships are valuable for employers, and this is why so many organisations are taking them up. Romain Designs will support you all the way if you decide to join us.