Apprentices gain the experience needed to thrive in their careers from an apprenticeship program. Apprenticeships also allow practitioners to acquire a license to work in a regulated profession. Apprentices are mostly trained as they work for employers who are helpful to apprentices learning their careers for a certain period of time in exchange for labour. The benefits an apprenticeship offers is coming to the attention of many employers. Apprenticeship can involve employing a new workforce or encourage an old employer to undertake further their profession by undertaking an apprenticeship. Apprenticeship benefits do not only accrue to apprentices but companies as well. Benefits of apprenticeship are as described below.
Staff loyalty and retention is the first benefit of an apprenticeship Workforce trained in a company tend to be more committed, motivated and supportive of the company and its objectives. An apprenticeship opportunity makes staff to see their jobs as a career as well as stay for long with companies. This lowers recruitment costs. Giving an apprenticeship to an existing employer makes them feel a relevant part of the workforce thus appreciate investing in their future. Companies that have embraced apprentices have realized a more satisfied and motivated workforce. This has in return led to high staff retention.
The second advantage is improved company bottom line. Investments in staffs who have undergone apprenticeships positively affect a company’s finances increasing its ability to compete. Most customers prefer using companies that take apprentices. It is possible to calculate return on investment an apprenticeship realizes on your company on your company website. Furthermore, every apprentice pay fees to the company thus the company spends less amount on recruiting new staff.
Freeing up existing workforce time is the third advantage of apprenticeship. When business is in the growth stage, basic jobs rob the time of existing employees who end up not concentrating on the key aspects of their profession. Apprentices are allocated these small duties a they learn and act responsibly, This relieves the unnecessary burdens of the experienced workforce. Better allocation of work makes your company more productive.
The fourth benefit is that apprenticeships provide skilled labour for the future. Workforce that undergoes apprenticeship ensure that the company benefit from their skilled labour in the long run. Apprenticeship should ensure that talents developed match the business future needs. This will fill skill gaps and allow the company to source future leaders and managers from within.
The final benefit is that apprentices can revitalize your business. Most often, apprentices bring on fresh board approaches combined with the positive attitude to the workplaces causing a knock-on effect to the existing workforce. Undertaking apprenticeship shows that apprentices are not only ready to learn but contribute new ideas to the company. As apprentices originate from a variety of backgrounds, they can bring a range of insights into the activities of your business.