Benefits of Hiring an Apprentice for 2021
Apprenticeships are incredibly useful for both new starts and existing employees. An apprenticeship helps develop new skills and knowledge and helps them to progress in their career. In addition, gaining an accredited certificate whilst in full-time employment is a win-win for staff.
But let’s talk about the many benefits of hiring an apprentice for the employer. From finances to productivity; having an apprentice join your team can boost your business in many ways. And it’s not just new hires either. Apprenticeships are one of the best ways to provide on the job training to current staff. How exactly does an apprentice benefit your company? Read on to find out.
Training Built For You
Apprenticeships span across all industries, so no matter your line of business there’ll be something suitable for you. When you have a skill gap it can be difficult to fill the role with the right candidate. Apprenticeships are a perfect way to fill these skill gaps. By hiring new staff you’ll be able to guide them to be employees who align with your company from day one. Their learning can be structured to assist with fulfilling your business objectives and goals. On top of that, 74% of employers said apprenticeships helped them improve the quality of their product or service, so you’ll not only be sculpting a perfect fit for your business.
Look After The Pennies
One of the biggest benefits of taking on an apprentice is the cost. There is more funding available for apprenticeships now than there ever has been before. With the Government paying at least 95% of the cost of the apprenticeship, it’s already a cost-effective way to train staff. If you hire a 16-18-year-old or are a small business you could potentially have 100% of the cost covered. There are also additional financial incentives depending on when you hire an apprentice that could see you get a payment of up to £2000. You can check here to see what you qualify for.
And if that all sounds like it could get a bit complicated, don’t worry. The Government introduced the Digital Apprenticeship Service last year, which is a single online portal for all you apprenticeships needs.
Motivate Your Staff
78% of employers said apprenticeships helped them improve productivity.
That statistic highlights one of the most significant benefits of hiring an apprentice – or even upskilling staff. Apprenticeships help keep employees motivated and productive. By developing their skills and investing in staff, they, in turn, are more likely to be committed for the long-term. Employees will end up with a satisfying, rewarding career, and you gain a team of dedicated, skilled staff. It’s a win-win.
Want More Information?
If hiring an apprentice, or upskilling current staff using apprenticeships seems like a good way forward for your business in 2021, we can help. First For Apprenticeships have a ton of resources, including a guide on hiring an apprentice, a guide to the apprenticeship levy, and a full guide on exactly how apprenticeships work. You can also find out more on the Government website.
If you have any questions about apprenticeships, we are always happy to help. Contact us below or email us at firstname.lastname@example.org