Apprenticeships proving effective for SMEs
Britain’s apprentices are getting promoted, improving their confidence and taking on more responsibility in the workplace, according to a report.
The Apprentice Learner Survey of 5,000 apprentices reveals that almost nine in ten apprentices (89 per cent) are ‘satisfied’.
One third of individuals who had finished their apprenticeship had received a promotion (32 per cent), and of those in work, three quarters report taking on more responsibility in their job (75 per cent).
Eight out of ten apprentices believe that their apprenticeship has improved their ability to do their job, provided them with sector-relevant skills and knowledge, and improved their career prospects.
Apprenticeships also seem to equip individuals with the confidence they need to fulfil their aspirations, with almost nine in ten (87 per cent) strongly agreeing that they are more confident about their own abilities as a result of undertaking the apprenticeship.
Some 88 per cent of employers are satisfied with the relevance of the training and 85 per cent satisfied with the quality of the training issued by their provider.
Nearly half (47 per cent) had already recommended apprenticeships to other employers.
Skills minister John Hayes says, ‘I am delighted by these impressive survey results. We are succeeding in making apprenticeships a gold standard option for ambitious young people and sending a crystal clear message that technical excellence is as essential and highly valued as academic prowess.’
A further report examining the net financial benefits of training to employers has been published.
The study assesses the amount that employers themselves invest in apprenticeships. This ranges from £39,000 per apprenticeship (level 2 and 3 combined) in engineering to around £3,000-£4,000 in retail or hospitality.
The study also looks at the time it takes for an employer to recoup their investment where the apprentice is a new recruit, which averages at around one to two years.
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