Why Hiring an Apprentice is a Smart Business Move
Hiring an apprentice is increasingly recognized as a strategic way for young talent to enter the workforce. It allows them to acquire essential skills, gain hands-on experience, and earn a wage, all while you cultivate their potential in your business.
Who Can You Employ as an Apprentice?
You have the flexibility to hire apprentices at various levels—from enthusiastic school leavers and university graduates to individuals seeking career advancement or a complete career pivot. Additionally, you can opt to bring in new talent or focus on upskilling existing employees.
Ultimately, both apprentices and your organization stand to gain significantly from this arrangement. Bringing an apprentice on board not only nurtures talent but also offers numerous advantages for your business.
The Advantages of Hiring an Apprentice for Your Small Business
1. Build a Committed Workforce
One of the primary benefits of establishing an apprenticeship program is fostering a dedicated and loyal workforce. Most apprentices are young individuals eager to learn and grow within your organization. According to the UK government, eighty-six percent of employers believe apprenticeships help develop skills that align with their business needs.
2. Bridge the Skills Gap
Many industries, particularly technology, face challenges in finding candidates with the specific skills necessary for business growth. By hiring an apprentice, you can find motivated individuals with potential and train them in-house for tailored roles that suit your requirements.
3. Gain a Fresh Perspective
While apprentices may lack extensive workplace experience, they often bring unique insights and innovative ideas beneficial for business development. Their familiarity with modern technology and social media can help create a competitive edge in today’s marketplace.
4. Improve Your Bottom Line
Though the initial cost of hiring an apprentice may deter some employers, many find that apprentices generally pay for themselves within a few years by enhancing productivity and overall efficiency. A remarkable 78% of employers reported increased productivity due to their apprenticeship programs.
You can also take comfort in knowing that 92% of employers who have engaged with apprentices see higher motivation levels among their staff, while the average yearly gain per apprentice during training ranges from £2,500 to £18,000.
Understand Financial Incentives When Hiring Apprentices
There are potential financial incentives available when you hire an apprentice, including an additional £1,000 bonus if the apprentice falls under certain criteria, such as:
- Being aged 16-18 years old
- 19-24 years old with an Education, Health and Care (EHC) plan
- 19-24 years old and have been in care
This incentive can be utilized for their salary, travel expenses, and necessary uniforms, with payments disbursed in two installments based on eligibility confirmation.
How to Select the Right Apprenticeship Training
Choosing the right training provider is essential. There are numerous apprenticeship programs available, and they are designed to meet both employer needs and national standards. Apprentices must:
- Be at least 16 years old
- Combine work with study to gain specific job-related skills and knowledge
- Engage in at least 20 percent of their working hours in “off-the-job” training
Identifying the Right Training Provider
After determining the type of apprenticeship that suits your business, the next step is to find a qualified training provider. Utilize resources like Find apprenticeship training to search for providers based on job roles or keywords. Consider providers nationwide, as many offer flexible training solutions, including online options.
Collaborating with Your Training Provider
Your training provider can assist you at every stage of the apprenticeship process. They can help you:
- Identify the right training program
- Recruit and interview apprentices
- Prepare the apprentice for your workplace environment
- Monitor and ensure relevant skill development
Creating an Apprenticeship Service Account
Setting up an apprenticeship service account allows you to:
- Access and manage funding for apprenticeships
- Set up and approve apprenticeships
- Advertise roles through the find an apprenticeship service
- Authorize training costs and payments to training providers
- Provide feedback on apprenticeship training
Advertising Your Apprenticeship Opportunities
Once your account is set up, it’s time to advertise your apprenticeship using the Recruit an Apprentice service. Your vacancy will be displayed on the Find an Apprenticeship platform.
Training Your Apprentice: What to Expect
During their apprenticeship, the apprentice will receive both “off-the-job” training from a provider and “on-the-job” training under your guidance. Ensure that your apprentice dedicates at least 20% of their working hours to formal training.
Final Steps: End-Point Assessment and Certification
At the conclusion of the apprenticeship, end-point assessment (EPA) will evaluate your apprentice’s acquired knowledge, skills, and behaviors. Only upon successfully passing their EPA will they receive certification. Your training provider should assist in coordinating the EPA with a registered organization.
Explore Further: Additional Resources
For more information on setting up an apprenticeship scheme tailored to your small business, refer to this resource: How to set up an apprenticeship scheme at your small business.