Apprenticeships are a great way to secure a full time job. They allow individuals to gain recognised qualifications and earn money whilst learning the valuable skills and knowledge to succeed in their chosen industry. Apprenticeships also give employers the opportunity to bring new skills into the business, allowing them to create their own in-house talent. Take a look at the below facts and benefits of apprenticeships to both learners and employers:
The majority (92%) of apprentices in work felt that their apprenticeship had a positive impact on their career.
87% of employers said they were satisfied with the programme.
76% of employers say that productivity has improved.
75% reported that apprenticeships improved the quality of their product or service.
On average, achieving a level 2 or level 3 apprenticeship boosts earnings by 11% and 16% respectively. Although there is variation by subject, most subjects deliver a return of around 10%.
An average person completing an apprenticeship increases productivity by £214 a week.
92% of employers who employ apprentices believe apprenticeships lead to a more motivated and satisfied workforce.
In terms of the return on investment linked to apprenticeships, 41% of employers say that their apprentices make a valuable contribution to the business during their training period, while a further third (33%) report that apprentices add value within their first few weeks.
Higher apprentices could earn £150,000 more on average over their lifetime compared to those with level 3 vocational qualifications.
Take a look at what our current learners and employers have to say about the benefits of apprenticeships!