Employing an apprentice enables businesses to fill skill gaps within their workforce as well as increasing productivity, improving business performance and ensuring a committed and competent workforce. Industry research highlights numerous direct and indirect benefits which apprenticeships can bring into your business; below we have highlighted some of the facts and figures behind employing an apprentice.
- An average person completing an apprenticeship increases productivity by £214 a week.
- 96% of employers that take on an apprentice report benefits to their business.
- 80% of companies who invest in apprentices reported a significant increase in employee retention.
- 81% of consumers favour using a company who employ an apprenticeship.
- Employers who take on a 16-18 year old apprentice will only pay their salary. The government will fully fund their training.
- 77% of employers believe apprenticeships make them more competitive.
- One in five employers are hiring more apprentices to help them through the economic climate.
- 72% of businesses report improved productivity as a result of employing an apprentice.
- Apprenticeships are boosting productivity by helping businesses to expand the skills available in the organisation.
- 76% of companies who employ apprentices agree they make their workplace more productive.
- 92% of employers who employ apprentices believe apprenticeships lead to a more motivated and satisfied workforce.
- 83% of employers who employ apprentices rely on their apprenticeship programme to provide the skilled workers that they need for the future.
- 59% report that training apprentices is more cost-effective than hiring skilled staff, with 595 believing that apprenticeships lead to lower overall training costs and 53% feeling that they reduce recruitment costs.
- In terms of the return on investment linked to apprenticeships, 41% say that their apprentices make a valuable contribution to the business during their training period, while a further third (33%) report that apprentices add value within their first few weeks.
- 57% report a high proportion of their apprentices going on to management positions within the company.
- Apprenticeship programmes allow training to take part at the workforce with little disruption to business operations.
- Over three-quarters of respondents expect apprenticeships to play a bigger part in their recruitment in the future.
All data used is compiled by the National Apprenticeship Service.
For more information about apprenticeships or if you are interested in employing an apprentice, please contact Remit on 0845 8399 200 or email firstname.lastname@example.org