It is becoming more popular for young people to hire apprentices in order to gain work experience and learn a trade while making a living.
Apprentices are available at various levels. These include school leavers and university graduate, as well as people who wish to improve their careers or change their career direction.
You have the option to hire someone or to upskill an employee.
Not only do the apprentices benefit, but so does everyone else. Participating companies in such schemes also have many benefits, making them a worthwhile investment.
Small business owners have 4 advantages when they hire an apprentice
#1 – A committed workforce
A great benefit to running an apprenticeship program is the loyalty and commitment it creates. Many apprentices are high-achieving college students or recent graduates. As such, they can learn quickly and have a lot to offer your company.
According to the apprenticeship gov website. Eighty-six percent of employers indicated that apprenticeships have helped them improve skills related to their business.
#2 – Bridging Skills Gap
Many businesses, especially those working in technology, find it difficult to hire the people they need to move their company forward.
The solution is to hire an apprentice. This will allow you to find someone with the same enthusiasm and talent as you and help you train them for a specific position.
#3 – A fresh view
Although they may not have actual work experience, apprentices can be a valuable asset to a business. A lot of young people can benefit from their strong technical skills. They are often able to use these skills to increase their competitive edge.
#4 – Improving the bottom line
Some employers might be reluctant to pay the apprentice funding cost. But, in reality, apprenticeships are often self-funded within a few year and can increase a company’s bottomline by improving effectiveness and productivity.
78% said that apprenticeships helped improve their productivity.
74% said that apprenticeships had helped improve the quality and value of their product/service.
Due to government funding, the initial expense of hiring an apprentice can often be lower than companies believe. They also earn a lower starting wage. A study by the UK Commission on Employment showed that 88% percent of employers thought apprenticeships were cost-effective in training staff.
According to the National Audit Office every pound that is spent on apprenticeships pays back £18 in the economy.
