Updated: Apr 7, 2021
With the impact of coronavirus being felt by many businesses across the economy, the need for a skilled and educated workforce has never been greater. It’s perhaps not surprising then that more employers are looking to apprenticeships, as they have the potential to unlock numerous benefits to both employers and those that they employ. Whilst some of these advantages to employers include potential financial benefits, as more generous government funding rules are being introduced for apprenticeships, the upside to businesses of hiring an apprentice can also extend to improving staff morale, skill levels and workplace productivity – all of which are integral to long-term business development.
As apprenticeships usually require an apprentice to undergo part-time training, the cost of this should be covered either mostly or entirely by government funding. The advantage of this for a business that hires an apprentice is that they are getting an employee that is constantly developing their skills in the workplace without having to invest significantly in training costs. As apprenticeships are being given priority by the government in the wake of the coronavirus pandemic, there are also more funding opportunities available for employers to take advantage of when hiring an apprentice, regardless of the sector or age of the apprentice.
Some training providers and colleges will even provide apprenticeship recruitment services where employers can advertise apprenticeship vacancies for little extra cost, subject to vacancy checks. You may need to undertake some further research or seek professional advice before clarifying the financial benefits to your business of hiring an apprentice. Nonetheless, the cost advantages of apprenticeships to employers are numerous and should be considered by any company wishing to upskill their workforce.
Improve staff skill levels and morale
With more than 500 apprenticeships available from GCSE to postgraduate level, any business can feel confident that there will be an apprenticeship specification available to meet the training needs of their staff, regardless of whether they’re new to their sector or have many years of experience. Giving both new and existing staff access to further learning opportunities will contribute to improving staff morale whilst giving employees more reasons to feel confident in their ability to contribute effectively in the workplace. Any company that invests in their employee’s learning and development is also showing that they value their existing staff, which is likely to improve staff retention rates and morale.
Long-term business growth
With developments such as automation predicted to have a significant impact on the world of work, the need for continuous staff learning has never been more important. Giving your employees access to further training opportunities through apprenticeships will help any business adapt to changes in the global economy whilst ensuring that the company remains competitive. Investing in apprenticeships may also assist long-term business growth by improving the public image of the business, as some customers may be more likely to purchase a product or service from that business if they know they hire apprentices.
It’s not hard to see why more employers are turning to apprenticeships as a way of upskilling their staff in addition to improving their business services. If you’re a business that’s considering providing apprenticeships to your staff, find out more about our services in end-point assessment at www.orca.ac.uk or find us on social media.