How Apprentices Outperform the Wider Labour Market

Apprentices are a great way to give businesses a financial benefit of up to £2,500. This can be seen as:

• Employers stand to gain a net benefit of at least £2,496 when taking on an apprentice even during their training period 
• A Survey of 1,000 HR decision-makers reveals that 98% of apprenticeship employers experienced additional benefits to their business. 
• Demand for apprenticeships is on the rise, as 60% of businesses surveyed reported they would consider employing an apprentice now or in the future. 

The report’s results are good news for firms wanting to hire more people and invest in training for new employees since the research provides a complete evaluation of the advantages of apprenticeships to both businesses and individuals in the UK.

The research estimates the true costs of employing apprentices in the UK to enhance worker participation and promote sustainability, quality, and development in the apprenticeship industry. Dispelling popular stereotypes about the costs, time, and complexity of apprenticeships, the research not only found an early net benefit of £2,496 for companies hiring apprentices, but it also indicated extra value for employers.