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Apprenticeships Good for Business Ian Smith (National Apprenticeship Service) ‘ Social Sustainability’   9 September 2010
What is an Apprenticeship? <ul><li>Work-based training programme designed around the needs of employers, leading to nation...
Why Apprenticeships? <ul><ul><li>There are bottom line business benefits </li></ul></ul><ul><ul><li>Clear return on invest...
What does it cost? <ul><li>Government fully funds the training costs for apprentices aged 16 to 18.  </li></ul><ul><li>If ...
Engineering <ul><li>Apprenticeships well established in case studies,  </li></ul><ul><li>Shortage in external labour marke...
Construction <ul><li>Employers train to meet their own skill needs and those of their sub-contractors,  </li></ul><ul><li>...
Business Administration <ul><li>Training costs vary because of the varying durations of training  </li></ul><ul><li>The co...
Information Technology <ul><li>The largely workplace-based nature of training means productivity is relatively high,  </li...
 
Find out more <ul><li>National Apprenticeship Service in place to offer  </li></ul><ul><li>expert advice and support. </li...
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"Apprenticehips: Good for Business" Ian Smith, National Apprenticeships Service

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"Apprenticehips: Good for Business" Ian Smith, National Apprenticeships Service

  1. 1. Apprenticeships Good for Business Ian Smith (National Apprenticeship Service) ‘ Social Sustainability’ 9 September 2010
  2. 2. What is an Apprenticeship? <ul><li>Work-based training programme designed around the needs of employers, leading to nationally recognised qualifications. </li></ul><ul><li>New recruit or existing member of staff. </li></ul><ul><li>Three levels: Apprenticeships (level 2), Advanced Apprenticeships (level 3) and Higher Apprenticeships (level 4), usually lasting from 1 to 4 years. </li></ul><ul><li>Over 190 types of Apprenticeships within a variety of industry sectors ranging from accountancy and engineering to veterinary nursing and floristry. </li></ul>13 January 2011
  3. 3. Why Apprenticeships? <ul><ul><li>There are bottom line business benefits </li></ul></ul><ul><ul><li>Clear return on investment </li></ul></ul><ul><ul><li>Greater productivity </li></ul></ul><ul><ul><li>Lower recruitment costs </li></ul></ul><ul><ul><li>Lower training and retention costs </li></ul></ul><ul><ul><li>Increased employee satisfaction </li></ul></ul><ul><ul><li>Greater loyalty and quality of work </li></ul></ul>13 January 2011
  4. 4. What does it cost? <ul><li>Government fully funds the training costs for apprentices aged 16 to 18. </li></ul><ul><li>If apprentices are aged 19 and over employers may be required to make a contribution towards the training cost. </li></ul><ul><li>The employer pays the apprentice a salary reflective of industry rates and experience. The minimum wage is £95 week but the average is £170 a week. </li></ul><ul><li>Apprenticeship Grants of £1500 for employers who recruit an unemployed young person aged 16-24. </li></ul>13 January 2011 Apprenticeships: A great idea for your business
  5. 5. Engineering <ul><li>Apprenticeships well established in case studies, </li></ul><ul><li>Shortage in external labour market, </li></ul><ul><li>Opportunities for ex-apprentices to progress into supervisory and managerial jobs </li></ul><ul><li>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. </li></ul>
  6. 6. Construction <ul><li>Employers train to meet their own skill needs and those of their sub-contractors, </li></ul><ul><li>Training tends to be highly structured and relatively costly compared to other sectors: £22,000 although there is variability between employers, and </li></ul><ul><li>Employers’ costs are recouped two years after completing the Apprenticeship. </li></ul>
  7. 7. Business Administration <ul><li>Training costs vary because of the varying durations of training </li></ul><ul><li>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, so </li></ul><ul><li>The payback period for a Level 3 Apprenticeship which takes three years to complete is around one year. </li></ul>
  8. 8. Information Technology <ul><li>The largely workplace-based nature of training means productivity is relatively high, </li></ul><ul><li>Therefore there are comparatively low costs to employers, so </li></ul><ul><li>Employers’ costs are recouped in a short space of time – on average around six months. </li></ul>
  9. 10. Find out more <ul><li>National Apprenticeship Service in place to offer </li></ul><ul><li>expert advice and support. </li></ul><ul><li>Ian Smith </li></ul><ul><li>01489 558601 </li></ul><ul><li>[email_address] </li></ul><ul><li>www.apprenticeships.org.uk </li></ul>

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