The Benefits of Taking on an Apprentice
Written on 12th, June 2020
Here at Professional Training Solutions, we want to discuss the benefits of taking on an Apprentice. Not only are apprenticeships an exciting opportunity for the learner but also the employer. It’s an effective and productive way of growing talent within your business. Recruiting at apprentice can also help you mould a skilled and qualified workforce. Below we have listed reasons on why taking on an apprentice could be beneficial to your business.
A breath of fresh air
Bringing with it a fresh perspective and new ideas. This in turn can excite existing employees and spark a boost in overall business productivity.
Employing an apprentice is a highly cost-effective way to increase your workforce. Studies have shown that over 80% of businesses that employed apprentices found their productivity had increased as a result. The average apprentice hourly rate is just £4.15 an hour for 16 to 18-year-olds for the first 12 months.
Positive long-term development
Taking on apprentices can help you improve the range of skills you have within your organisation. It also encourages you to look at the way you do things because you are passing on your knowledge and expertise to people keen to learn your business, enhancing your skill development.
Aid staff retention
As well as helping you to gain the right kind of skills you need for your business, employing an apprentice can also aid staff retention, providing you with skilled staff for the future.
Value for money
The costs of having an apprentice are simple:
- We advertise, screen and supply CV’s of suitable candidates – Free.
- Training cost for a 16-18-year-old apprenticeship within a small company with less than 50 employees – Free.
- Training cost for a 16-18-year-old apprenticeship within a company with more than 50 employers – 5% of the apprenticeship standard.
- Training cost for a 19+ apprenticeship – Non-levy company is 5% of the apprenticeship standard.
- Levy company – Funded through their digital levy pot.
As Apprenticeships are work-based training programmes, the training is ‘on the job’ – mainly at the employer’s premises. This is arranged at times to suit the employer and the apprentice and is geared that way to minimise disruption and maximize business impact.
Tailored to your business
Apprenticeships can be tailored to specific job roles, making them flexible to the needs of your business. The added advantage is that you will effectively train a new employee to think and act in the interests of your business from day one.
Tackle a skills shortage
Apprenticeship schemes help employers ensure that they get exactly the knowledge, skills and behaviours they need while growing a talented and engaged workforce. Employers running apprenticeship schemes value their apprentices because they help them fill the skills gap.
No more NI to pay
From April 2016, if you employ an apprentice below the age of 25, you will no longer be required to pay employer National Insurance contributions for them. For more employer guidance please visit www.gov.uk: https://www.gov.uk/government/publications/national-insurance-contributions-for-under-25s-employer-guide/paying-employer-national-insurance-contributions-for-apprentices-under-25