Recruitment

Apprentices seen as increasingly vital to small business growth

Fred Heritage | 15 March 2016 | 8 years ago

shutterstock_244625158
Apprentices are increasingly popular in the manufacturing sector
Hiring apprentices is increasingly seen by owners as one of the most important parts of growing small businesses, according to new research.

An independent study from the Skills Funding Agency has found that eight in ten managers value apprenticeships above other means of growing a small business, such as access to finance.

Marking National Apprenticeship Week 2016, which runs from 14 to 18 March, the research also found that small business owners hiring apprentices were five times more likely to believe the company would expand rapidly than those that do not.

Furthermore, 61 per cent of fast-growing small firm managers agreed that hiring the correct staff or having employees with the rights skills was the most important factor in realising a company’s ambitions.

Small business bodies have been quick to encourage owners to consider hiring apprentices and have been outspoken in terms of support for National Apprenticeship Week. Federation of Small Businesses (FSB) policy director Mike Cherry said: High quality apprenticeships are vital to the future of British business, and they are a fantastic way to enable people to gain the skills they need to succeed.

we hope this year’s National Apprenticeship Week will lead to more businesses considering taking on an apprentice, and more young people seeking apprenticeships. We know thatif a business has a positive experience when taking on their first apprentice, they are much more likely to take on another in the future, added Cherry.

In December last year, the government published its 2020 vision for apprenticeships yet many of Britain’s small firm owners remain concerned about the impact apprentices would have on their business. It is hoped that changes to the apprenticeship grant for employers (AGE) providing additional funding for smaller employers will alleviate some of the worry.

Cherry went on to say: We don’t want a situation where businesses that could take on an apprentice are put off due to the uncertainty of what they will need to do or because they find the process too complicated.

the government needs to make sure businesses are clear on responsibilities when taking on an apprentice and how the funding of apprenticeship training will work in the future. There’s been a great deal of change surrounding the rules and funding framework in the past year.

One of Britain’s most successful industries for taking on apprentices is manufacturing. According to recent research published by manufacturer’s organisation EEF, 80 per cent of UK manufacturers plan on recruiting at least one apprentice in 2016, as the manufacturing and engineering sectors accounted for 15 per cent of all apprenticeships started last year.

In total, 74, 000 young people took up manufacturing and engineering apprenticeships in the 2014/2015 academic year.

Read more about the benefits of hiring an apprentice as a small business owner in 2016.

Related Topics

How to Write a Good Job Advert: 5 Ways to Make People Apply For Your Roles
20 April 2023

How to Write a Good Job Advert: 5 Ways to Make People Apply For Your...

Read More →
5 Ways to Save Costs of Recruitment
19 April 2023

5 Ways to Save Costs of Recruitment

Read More →
Can I Ask Job Candidates to Carry Out Sample Tasks?
17 April 2023

Can I Ask Job Candidates to Carry Out Sample Tasks?

Read More →
How Much Does a Recruitment Agency Charge?
14 April 2023

How Much Does a Recruitment Agency Charge?

Read More →
How To Write A Thank You Email After A Job Interview
10 November 2022

How To Write A Thank You Email After A Job Interview

Read More →
How to Politely Decline a Job Interview
2 November 2022

How to Politely Decline a Job Interview

Read More →

If you enjoy reading our articles,
why not sign up for our newsletter?

We commit to just delivering high-quality material that is specially crafted for our audience.

Join Our Newsletter