Benefits of Apprenticeships for Employers
Apprenticeships have the potential to benefit organisations by ensuring that an organisation’s workforce has the practical skills and qualifications to support business activity now and in the future. The National Apprenticeship Service (2013) argues that there are three main reasons for employers to use Apprenticeships to develop their business:
Apprenticeships help businesses to grow
Evidence suggests that 96% of employers that take on an apprentice report benefits to their business, while 72% of businesses report improved levels of productivity as a result of employing an apprentice.
This is because Apprenticeships represent a cost effective way for employers to develop the skills of new recruits and existing staff so organisations can be more competitive, exploit new opportunities and create new jobs (Asset Skills, 2011).
Apprenticeships develop a motivated, skilled and qualified workforce
Apprentices are typically more eager, motivated and loyal to an organisation that has invested in their professional development.
As a result, Apprentices are more likely to support long-term business development as they take on more responsibility by ensuring that there is always a skilled employee familiar with the company values and goals ready to move into a more senior position within the organisation when required.
Apprenticeships improve productivity while reducing costs
Research indicates that the average person completing an apprenticeship increases productivity by £214 per week by expanding the skills and knowledge available within an organisation (National Apprenticeship Service, 2013) – 80% of employers with Apprenticeship programmes in England agree they increase staff productivity within the workplace because apprentices receive training which is not only relevant to the industry but directly related to the employer’s business (National Apprenticeship Service, 2011).