National Apprenticeship Week - Benefits of Apprenticeships for Employers
Experience is vital in gaining the necessary skills and knowledge required to build a successful career, which is why many people opt to take on Apprenticeships as an effective means of climbing up the career ladder. Although there’s an endless list of factors that job hunters as well as existing employees can benefit from by undertaking Apprenticeships, it’s important not to neglect the fact that such programmes are mutually beneficial to both parties, as employers place their organization at a greater advantage, not only by hiring new apprentices, but also by putting current employees through Apprenticeship training and development too.
Below are 3 different ways that you as an employer can take your business to the next level by providing further training opportunities to your workforce through Apprenticeships.
1. Loyalty and Retention: Investing in your employees through in-house training encourages a higher level of commitment and dedication. Employees who are offered Apprenticeships tend to be more motivated, eager and loyal to companies that invest in them, creating this sense of attachment and loyalty in turn can lead to a longer lasting employee-employer relationship. Statistics show that 81% of companies who invest in Apprenticeship programmes have seen a significant increase in employee retention.
2. Cost Effective: Building up your existing staff with the necessary skills your company requires through Apprenticeships could save you money as training current employees turns out to be more cost friendly than the cost of outsourcing/hiring new skilled staff and general recruitment fees. 59% of employers reported that training staff is more cost-effective than hiring skilled staff, with 59% believing that Apprenticeships lead to lower overall training costs and 53% agreeing that they ultimately reduce the cost of recruitment.
3. Improves Production: Apprenticeships allow your staff to gain in depth skills and techniques to carry out their roles more effectively. This means you’re guaranteed to develop a more skilled and qualified workforce who can grow your company. According to statistics, 76% of employers view Apprenticeship programmes as a means of making their workplace more productive.
At ATT we understand the importance of employee development which is why we offer a variety of Apprenticeship programs in a range of sectors from Retail and Customer Services to Business Administration and Health & Social Care. If you’re looking to grow in certain aspects of your business, why not enrol your staff on one of our Apprenticeship programmes? With all the great advantages you could benefit from, take the leap and get in contact with a member of our team today!