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Apprenticeships - Benefitting Your Business

With many businesses struggling to find people with the right experience, skills and motivation, apprenticeships are a trusted way to recruit new employees, as well as develop your existing workforce.

There are three key benefits to your business:

Accounting and Finance

1. Boosting Productivity and Competitiveness

There is evidence that employing apprentices can improve the productivity of companies, with recent research demonstrating both short and long-term gains. 

The Centre for Economics and Business Research found that, on average, each apprentice brings a gain in productivity of more than £10,000 per year for their employer.

Business and Finance

2. Building Skills and Higher Staff Retention

A skills gap is currently affecting many organisations and companies in the UK, meaning it is hard to fill vacancies. However, by recruiting apprentices, or using apprenticeships standards to develop your existing workforce, you can train people to have the exact skills you need for your business, so investing in the future of your business.

In addition to building a company's skills base, providing quality training to apprentices is also likely to bring benefits in terms of staff retention. A major reason for this is that staff typically feel loyal to employers who have invested in their development and training, and are therefore more engaged and motivated to stay. 

Business and Human Resource Management

3. Cost-Effective Training

Apprenticeships are particularly cost-effective as a form of training and development because people are making a contribution to the workplace while they are learning; apprentices spend much of their time gaining skills on the job.

Another advantage for employers is that funding is available to cover the cost of apprenticeship training and development. We can give you detailed advice on how to arrange funding towards an apprenticeship. 

Our Solution

From managing the introduction of apprenticeships into your company through to consulting on the regulations of the apprenticeship levy, our employment services will positively impact on your business, driving productivity whilst allowing you to develop your workforce talent in your own way.

New to Apprenticeships

There has never been a better time to introduce apprenticeships to your business with the most exciting reforms in Apprenticeship history taking place over the last year. With employers in control of designing apprenticeships, we offer a fully supportive approach for businesses engaging in apprenticeships for the first time, to ensure an effective and successful progression. We offer:

  • Training, Learning and Development delivery built around your business – including procurement and supply chain opportunities
  • Flexible off the job training and development models to meet individual learning styles, as well as your business needs
  • Comprehensive management information reports
  • Apprenticeship Levy implementation and management advice/guidance

Developing your Workforce

The apprenticeship levy and introduction of degree apprenticeships has opened new doors for workforce development opportunities; hence Apprenticeships are not just for new recruits but also an attractive training and development solution for your existing employees.

Apprenticeships are a particularly effective way to address your organisational leadership skills needs, and available for people of all ages and levels. We have helped many employers across the UK and offer:

  • An organisational ‘skills and development’ needs analysis
  • A tailored workforce development plan
  • Flexible off the job training and development models to meet individual learning styles, as well as your business needs
  • Comprehensive management information reports
  • Apprenticeship Levy implementation and management advice/guidance

Contact us today to discuss how we can help to kick start the careers of talented individuals who will be dedicated to contributing to the success of your business.

Get in touch

To find out how we can help you with anything to do with apprenticeships, please get in touch with us.

 

email: apprenticeships@worc.ac.uk

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