Apprenticeships and Traineeships help develop a skilled, motivated and qualified workforce. Learn more about why many businesses are viewing them as vital to their long-term growth and development.
The benefits of apprenticeships
Apprenticeships ensure that your workforce has the practical skills and qualifications your organisation needs now and in the future. The mixture of on - and off-the-job learning ensures they learn the skills that work best for your business.
Hiring apprentices brings several benefits to employers:
- 80% of employers have maintained or improved future skills in the business
- 70% of employers have seen improvements in the goods and services they offer
- 66% of employers have experienced improved staff morale
A critical challenge for the UK economy is its stagnant productivity growth, which holds down wages and living standards. Apprenticeships can help on that front too.
According to research by the Centre for Economics and Business research, while training apprentices are estimated to have resulted in a positive net gain of on average £1,670 per apprentice in England in 2013/14.
That amounts to a total annual benefit of £1.4bn across the estimated number of apprentices. In the long term, each apprenticeship created is worth an estimated £38,000 to the economy.
The new employer-led standards
The new apprenticeship standards (being phased in over the next 3 years) are more employer focused and should make it easier for businesses to realise the benefits of apprenticeships.
- Put employers in the driving seat. Apprenticeships will be based on standards designed by employers, making them more relevant and therefore more attractive to existing and new employers
- Increase the quality of apprenticeships. Apprentices will need to demonstrate their competence through rigorous and holistic assessment. This will focus on the end of the apprenticeship to ensure that the apprentice is ready to progress.
- Simplify the system. The new employer-designed standards will be short and easy to understand. They will describe the knowledge, skills and behaviour (KSBs) that an individual needs to be fully competent in an occupation.
- Give employers purchasing power. By putting control of government funding for the external training of apprentices in the hands of employers, businesses will feel empowered, and the quality and relevance of training will increase.