Why More Businesses Want To Hire Apprentices

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Since 2012, when university tuition fees tripled from £3000 to £9000 per year, more and more talented individuals are choosing to do an apprenticeship. It’s hardly surprising when the average student debt was £36,000 in 2018[1] – when costs are that high, the option of free training is increasingly appealing.

Have you ever considered taking on an apprentice? There are many reasons why they bring great value to a company, especially in the engineering sector, and we have outlined some of these in this week’s blog.


Your staff won’t be around forever

The turnover rate in the engineering sector is actually quite low: in 2019 only 8.8% of engineers changed roles, compared to 31% of sales and marketing staff[2].

But this can also work against your business. When your staff decide to retire or move on to another role, you’ll need to recruit from a smaller talent pool to replace them.

Not only is recruitment expensive and time-consuming, you’ll also need to invest time in onboarding your new recruits. A study by AlliedHR-IQ shows new employees take an average of 7.9 months to reach full productivity[3].

What if – instead of spending time and money on recruitment and onboarding – you had an apprentice waiting in the wings?

Not only will you save time and money, you’ll get home-grown talent with an existing understanding of your business. It’s better for your reputation too: 25% of consumers are willing to pay more for products from a business that employs apprentices[4].


Apprentices will reward you with loyalty and enthusiasm

When you invest time and money in an apprentice, you get loyalty. In fact, 90% of apprentices stay on in their place of work after completing an apprenticeship.

Apprentices also give your existing staff new opportunities to mentor and supervise someone who is enthusiastic and willing to learn. This has a measurable impact on morale: 73% of employers say that staff morale is improved by having apprentices[5].


Financial support

It has never been easier to finance an apprenticeship. If you have a pay bill of under £3m per year, the Government will pay 95% towards training and assessing your apprentice, up from 90% pre-April 2019.

This means the amount businesses must pay has halved. If you are a small business of under 50 employees, you may be eligible to have all your costs covered if your apprentice is aged between 16 and 18 years old.

There are also special rules which may mean you can receive help for apprentices of 19-24 years old.

Click here to see the Government’s guidance in full.


We can do the hard work for you

If you choose to take on an apprentice, you’ll need to select a course which will give them the skills required to improve and integrate into your business.

We develop training courses specifically to suit your business and work with you to ensure your apprentices fit with your company's culture, ethics and way of working.

Gloucestershire Engineering Training has been designing and delivering training programmes for large and small employers since 1977. We are the only training facility in the County managed by professionals from within Manufacturing & Engineering industries.


Why not have a look at how we can help you today?

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