5 Key Benefits of Hiring an Apprentice for Your Business

Apprenticeships can bring transformative benefits to businesses, serving as a proven method to grow talent, enhance productivity, and build a skilled and motivated workforce.

In fact, 92% of companies that have taken on apprentices believe this leads to a more motivated and satisfied workforce, 86% said apprenticeships helped them develop skills relevant to their organisation, and 80% have seen a significant increase in employee retention.

Whether you're looking to upskill your existing team or onboard fresh talent, apprenticeships can cater to your needs across all levels. Here are our top five reasons why hiring an apprentice is a game-changer for your organisation.

1. Take advantage of government funding

To make apprenticeships accessible and attractive, the government offers financial incentives that can significantly reduce recruitment costs. Employers may be eligible for funding such as:

• £1,000 grants: Available for employers who hire apprentices aged 16-18 or those aged 19-25 who is a care leaver or has an Education, Health and Care Plan for a learning difficulty or disability.
• Levy funding: Companies with payrolls over £3 million contribute 0.5% of their payroll to the apprenticeship levy. This can be reclaimed for apprenticeship training. Non-levy-paying employers may need to contribute 10% of training costs, with smaller employers (fewer than 50 employees) often covered entirely by grants.

These incentives make apprenticeships a cost-effective way to develop your workforce while ensuring minimal financial strain.

2. Cost-effective recruitment solution

Did you know on average in the UK, the estimated yearly gain for employers is between £2,500 and £18,000 per apprentice during their training period?

Apprenticeships offer an affordable way to build your team. Apprentices must work at least 30 hours per week at the minimum wage for their age group, with 20% of their time dedicated to off-the-job training. This structure keeps them motivated and engaged, reducing turnover and the associated costs of frequent hiring.

While employers cover some expenses, such as wages and administrative costs, the return on investment is significant. Apprenticeships help build a loyal, skilled workforce that contributes to long-term business growth and success.

3. Gain a diverse and fresh workforce

Diversity in the workplace is more than a buzzword; it's a competitive advantage. Apprenticeships allow you to bring in employees from various backgrounds, ages, and skill levels. Younger apprentices, for example, often bring fresh perspectives and innovative ideas that can challenge conventional thinking and invigorate your team.

Additionally, apprentices' eagerness to learn and align with your organisation's goals can positively impact company culture, productivity, and retention rates.

4. Customise training to suit your business needs

One of the most significant benefits of apprenticeships is the ability to tailor training programs to your specific business requirements. 86% of employers report that apprenticeships help develop skills relevant to their organisation. You can design an apprenticeship program that addresses both your immediate and long-term objectives, ensuring your workforce stays ahead in a competitive market.

By aligning training with your strategic goals, you're not just filling positions—you're creating a pipeline of talent uniquely suited to your business.

5. Upskill your existing workforce

Apprenticeships aren't just for new hires. They're an excellent way to invest in your existing employees. By offering opportunities for career development, you can develop a culture of loyalty and appreciation. Employees who feel valued are more likely to stay, reducing turnover and enhancing workplace morale.

Moreover, an upskilled team can lead to improved performance, enabling your business to adapt to new challenges and opportunities seamlessly.

Hiring an apprentice offers numerous benefits, from financial incentives to increased productivity and enhanced workforce diversity. Whether you're looking to develop your current team or bring in fresh talent, apprenticeships provide a strategic path to achieving your goals. At CT Skills, we've helped countless businesses leverage apprenticeships to drive success. 

To learn more about how apprenticeships can benefit your organisation, visit our apprenticeships page or contact our friendly team today!