In today’s competitive business landscape, finding and retaining skilled talent is more crucial than ever, and apprenticeships offer an exceptional solution. They’re cost-effective, productive, and beneficial to both the business and the apprentice.
So, if your business isn’t investing in apprenticeships, you could be missing out on a significant opportunity to boost productivity, motivation, and innovation. Here’s why.
Cost savings
Apprenticeships come with substantial financial support. For levy-paying businesses, training costs are fully covered by levy funds, while non-levy payers only pay 5 per cent of training costs, with the government funding the rest. This makes apprenticeships an affordable option for businesses of all sizes, reducing financial risk and eliminating recruitment fees.
Develop key skills
Apprenticeships are tailored to develop the exact skills your business needs. Apprentices gain hands-on experience that aligns with real-world challenges, ensuring they are ready to contribute directly to your workplace.
Increased productivity
A reported 78 per cent of employers see improved productivity after introducing apprenticeships. Apprentices bring fresh energy and ideas, often leading to increased team efficiency as they learn and grow within the organisation.
New perspectives
Apprentices introduce fresh perspectives and innovative ideas, often suggesting approaches that more seasoned employees may not consider. This can inspire the team, leading to new solutions and opportunities for business growth.
Addressing skills gaps
Apprenticeships are an ideal way to close skills gaps. By training apprentices in areas where your business needs expertise, you ensure a workforce equipped with the right skill set, creating a stronger foundation for your organisation.
Career progression and talent retention
Apprenticeships aren’t just about filling short-term needs; they provide clear career progression pathways, enabling employees to grow with the business and fostering a motivated, committed workforce.
Diversity and opportunity
Apprenticeships can help broaden your talent pool, offering opportunities to individuals who may not pursue traditional educational routes, which supports social mobility and diversity in your workplace.
Delivering immediate impact
With hands-on training, apprentices apply their knowledge from the outset. Experienced staff mentoring apprentices also creates a learning culture, benefiting the entire team.
At Teesside University, where knowledge meets experience, our industry-led apprenticeship programmes are enriched by research and informed by industry to meet your business needs. Whether you’re seeking to enhance leadership skills or integrate cutting-edge engineering expertise, find out more about our professional apprenticeship programmes and start transforming your business today.