"Apprenticeships"; Jodi Fair, NAS

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  • 1. Apprenticeships
    Good for Business
    Jodi Fair (National Apprenticeship Service)
    8 September 2011
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    What is an Apprenticeship?
    • Work-based training programme designed around the needs of employers, leading to nationally recognised qualifications.
    • 3. New recruit or existing member of staff.
    • 4. Three levels: Intermediate Level, Advanced Level and Higher Apprenticeships, usually lasting from 1 to 4 years.
    • 5. Over 200 types of Apprenticeships within a variety of industry sectors ranging from accountancy and engineering to veterinary nursing and floristry.
    11 September 2011
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    Why Apprenticeships?
    11 September 2011
    There are bottom line business benefits
    • Clear return on investment
    • 7. Greater productivity
    • 8. Lower recruitment costs
    • 9. Lower training and retention costs
    • 10. Increased employee satisfaction
    • 11. Greater loyalty and quality of work
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    • Government fully funds the training costs for apprentices aged 16 to 18.
    • 12. If apprentices are aged 19 and over employers may be required to make a contribution towards the training cost.
    • 13. The employer pays the apprentice a salary reflective of industry rates and experience. The minimum wage is £2.60 per hour (from 1 October 2011) and the average is £170 a week.
    11 September 2011
    Apprenticeships: A great idea for your business
    What does it cost?
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    Apprenticeships well established in case studies
    Shortage in external labour market
    Opportunities for ex-apprentices to progress into supervisory and managerial jobs
    Costs of training were relatively high at £29,000 over a three to four year period, but recouped over two to three years after completion
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    Employers train to meet their own skill needs and those of their sub-contractors
    Training tends to be highly structured and relatively costly compared to other sectors: £22,000 although there is variability between employers
    Employers’ costs are recouped two years after completing the Apprenticeship
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    Business Administration
    Training costs vary because of the varying durations of training
    The cost of training to Level 2 is around £1,100 and around £3,500 to £3,900 at Level 3 depending upon the duration of the training
    The payback period for a Level 3 Apprenticeship which takes three years to complete is around one year.
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    Information Technology
    The largely workplace-based nature of training means productivity is relatively high
    Therefore there are comparatively low costs to employers
    Employers’ costs are recouped in a short space of time – on average around six months
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    Find out more
    • National Apprenticeship Service in place to offer
    expert advice and support.
    Tel: 08000 150 600