Benefits for employers and learners
Benefits for employers
Apprenticeships bring several tangible benefits to organisations such as:
- They can create skilled and motivated employees.
- And can help to address skill shortages across the workforce.
- Can bring new ideas to an organisation.
- Training apprentices can be more cost effective than hiring skilled staff and can reduce overall training and recruitment costs.
- Apprentices tend to be loyal to the organisations that invest in them, improving staff retention rates.
Benefits for the learner
- 92% of those who completed apprenticeships said their career prospects had improved as a result.
- Apprentices are employed and earn a wage throughout their programme.
- Working and academic study time is split between a training organisation, local college or university and the workplace.
- Financial differences for learners are clear; there are no training fees or student loans to pay back including those for a degree apprenticeships.
- Apprentices complete their studies with years of work experience as well as theoretical knowledge, skills, and behaviours.