Growing Your Business
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The business benefits of hiring an apprentice
This year, National Apprenticeship Week runs from the 4th to the 8th of March. Working in coordination with the National Apprenticeship Service, National Apprenticeship Week is designed to celebrate apprenticeships and the positive impact that they have on the individuals who complete them, the businesses that take apprentices on board, and the wider economy.
If you’re thinking of taking an apprentice on board (or even if you haven’t thought of it yet) doing so has many benefits to your business – not least because you could qualify for a government grant if you do.
An instant boost for productivity
Many employers assume that hiring an apprentice will have a knock-on effect on productivity. After all, they need to be trained on the job, which means you and other members of staff within your business taking time away from their own tasks to help them.
But statistics show that this isn’t the case. In the majority of instances, companies say that the addition of an apprentice actually strengthens productivity, with a poll by research and insight agency Populus concluding that 81% of businesses felt an apprentice boosted the productivity of the whole company.
Hiring an apprentice is a positive step for you and your business as it gives you the opportunity to fill any impending skills gaps your company might be facing. That’s because apprentices bring skills that are designed around the needs of your business, and apprenticeships are tailored to specific roles so that you know your apprentice is receiving all the right training.
So what does that mean for your business long term? It means you’ll have a qualified worker to bring on board who holds all the skills and qualities that your business requires, and who’ll have an instilled sense of loyalty to you – provided that they like your business during their apprenticeship, of course.
Recruitment issues? Problem solved
If you’re struggling to find the right person to fill a role in your business, taking on an apprentice is a viable solution to the problem. Hiring an apprentice is also an excellent option for small businesses that are just starting up. That’s because getting an apprentice in takes away the pressure of having to take someone on at a full salary when your budget might not be able to stretch to it.
Hiring an apprentice has many benefits to your business, so make the most of National Apprenticeship Week by finding out how you can get involved – and reap the rewards of bringing an apprentice on board.
For more advice, guides and essential tips, check out the Growing your business section of the Biz Hub.