Investing in apprenticeships can deliver significant indirect benefits for employers, including improved productivity, reduced recruitment costs, increased employee retention, enhanced reputation, and access to funding and other incentives.
There are several indirect profits that can be gained from investing in apprenticeships, including:
- Improved productivity: Apprenticeships provide on-the-job training that is specifically tailored to the needs of the employer. As a result, apprentices are able to develop the skills and knowledge they need to perform their jobs effectively, leading to increased productivity and efficiency in the workplace.
- Reduced recruitment costs: By investing in apprenticeships, employers can develop a pool of skilled workers who are already familiar with their business and its culture. This can help to reduce recruitment costs by minimizing the need to advertise vacancies and conduct extensive recruitment processes.
- Increased employee retention: Providing apprenticeship opportunities demonstrates an investment in employees’ professional development, which can improve their job satisfaction and increase employee loyalty. This can lead to reduced staff turnover and associated costs, such as recruitment and training expenses.
- Enhanced reputation: Employers who invest in apprenticeships can benefit from an enhanced reputation as an employer of choice. This can help to attract high-quality candidates, build strong relationships with customers and suppliers, and enhance the employer brand.
- Access to funding: Many governments and other organisations offer funding and other incentives to support the recruitment and training of apprentices. By taking advantage of these opportunities, employers can benefit from reduced costs and other financial incentives.
Whether your employees are new to the industry or have a few years under their belt, apprenticeships give them the skills they need to excel in your workplace.
The figures speak for themselves…
- 83% – of employers would recommend apprenticeships to other employers.
- 82% – of employers who offer apprenticeships are satisfied with the quality of training their employee receives.
- 86% – of employers believe their apprentice(s) developed skills which were relevant to their unique organisation.