Business Benefits Of Taking On An Apprentice

Posted: 4 March 2014

Employing an apprentice is a rewarding experience which helps young people achieve their potential while businesses increase their productivity and competitiveness. Apprenticeships give employers the opportunity to train staff to meet specific skills requirements and increase staff capacity through a relatively cost effective route.

Apprenticeships deliver skills designed around the needs of the business and provide the skilled workers employers need for the future. What apprentices lack in experience, they make up in enthusiasm, energy, endeavour, ambition and motivation. They generate new ideas and facilitate innovation. Training apprentices can also be more cost effective than hiring skilled staff, leading to lower overall training and recruitment costs. It reduces staff turnover and supplies skilful labour that is often not available through the external job market.

Apprenticeships enable businesses to create the workforce with the right ethos for their organisations.  Companies can grow their own talent and develop a motivated, skilled and qualified workforce, while creating loyalty and continuity. LSC survey (2009) on benefits of completing an apprenticeship found out that 90% of apprentices had remained in employment immediately after their apprenticeship had ended.

Apprenticeships have wide social and economic value, they can solve skills shortage problems and bring competitive advantage to both employers and apprentices. The government recognises their importance by providing support and public funding available to businesses. The National Apprenticeship Service (www.apprenticeships.org.uk) offers advice on available support.

UK economy is bouncing back from the recession so this is the right moment to create the workforce needed for the future years. There has never been a better time to employ an apprentice with government investment of £1.56 billion planned for 2013-14, including £40m on Higher Apprenticeships to achieve 20,000 new starts. Return on investment for the economy is £18 to every £1 of government spend.  New to apprenticeships employers can be eligible to receive an Apprenticeship Grant of £1,500 per apprentice.

National Apprenticeship Week 2014 – Time to celebrate apprenticeships!

Posted: 4 March 2014

The overarching theme for National Apprenticeship Week 2014 is ‘Great Apprenticeships’: ‘Great Businesses’ are made by apprentices and apprenticeships lead to ‘Great Prospects’.

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The low-down on apprenticeships

Posted: 29 January 2014

If you’re wondering what to do with your career and have decided that university is not the route for you, it’s worth looking around at your options, says Matthew Hancock

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Apprenticeships: an alternative route

Posted: 29 January 2014

Too often thought of as a poor alternative to university, apprenticeships are becoming the route of choice for many young people who don’t wish to accumulate thousands of pounds worth of debt and who wish to get straight into a working environment.

It may be a sensible choice. New research out this month, shows that many thousands of university graduates are earning less than school leavers taking apprenticeships.

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Uptake of Apprenticeship loans still low

Posted: 4 December 2013

Only 404 people have applied for loans for adult apprenticeships in the three months since September, official data suggests.

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Premier Inn pledge 2,000 Apprenticeships and 4,500 work placements

Posted: 28 November 2013

The hotel chain has pledged an additional 2,000 Apprenticeships and 4,500 work placements for young people in the UK by 2018. A total of 415 Apprenticeships were successfully completed in 2012, a number which is set to increase considerably under its new programme.

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Tenth annual National Apprenticeship Awards winners announced

Posted: 28 November 2013

Five companies, three apprentices and one former apprentice are celebrating after taking home top prizes at the National Apprenticeship Awards 2013.

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National Apprenticeship Awards finalists announced

Posted: 28 November 2013

The finalists for the 2013 National Apprenticeship Awards have been revealed, with 27 companies and individuals in the running for national recognition.

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Up to 50,000 young adults in ‘dead-end’ college courses, says IPPR

Posted: 28 November 2013

Tens of thousands of young adults are in “dead-end” courses that fail to lead to employment, while half a million more with low-level qualifications are not in work, a report by the IPPR thinktank claims on Tuesday.

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Let’s Celebrate apprenticeships for what they are

Posted: 5 November 2013

Apprenticeships are very much back in the limelight at the moment. The word has been sprayed around like confetti at the Party Conferences, whilst at the same time the SFA is investigating allegations of malpractice in the delivery of Apprenticeships by major providers and provisional figures released last week show that the overall number of Apprenticeship starts in 2013 has fallen compared with the previous year.

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