In this blog post we take a look at apprenticeships in numbers and see how business can benefit from them. You can find out were we got these from at the bottom of this blog post.
Most businesses aren’t aware that for apprentices they have under the age of 25 they don’t have to pay employer national insurance contributions.
With over 300+ apprenticeship standards to chose from there is plenty of choice which allows you to pick something to meet your needs.
With over 96% of employers using apprenticeships say their business has benefited so why not take on an apprentice to see how your company will benefit.
With 83% of employers using apprenticeships say they rely on them to provide skilled workers for the future. Why not get an apprentice to benefit your company for the future
With 80% of employers using apprentices saying that they have noticed a reduce in staff turnover. Why not get an apprentice if you are worried about an ageing workforce.
Employers that have hired an apprentice have said that they have noticed an increase in overall production. Why not get an apprentice if you want to boost your companies overall productivity.
59% of employers using apprentices say that training is more cost effective then hiring Skilled staff. So if you are looking to benefit your company for the future while saving money then hiring an apprenticeship is the answer for you.
Business saw a 20% improvement in staff retention by taking on apprentices which lead to a saving of £2,500 per person in recruitment costs.
Employers noticed when hiring an apprentice they were saving £400 a month on office costs. The Strategic Development Network have found business that have taken on an apprentice have seen a reduction in office costs.
According to the Strategic Development Network business could see an increase of £90,000 added to their bottom line through better productivity
A study found that the average value of economic output produced by an apprentice in England studying Business Admin was £24,780 and was a whopping £36,205 for Team leadership and management.
A study found that the average value of economic output produced by an apprentice in England studying Customer Service was £20,817 and the study also found that childcare apprentices produced £18,005 of economic output on average.
A study found the average annual organisational net benefit for hiring a business admin apprentice in England was £9,721; for a childcare apprentice it was £4,097 and for a customer service apprentice it was £5,039.
We’ve found these numbers from across the web but you can find these statistics and more from the employers apprenticeship toolkit produced by the Humber LEP as well as a study carried out on the benefits of apprenticeships undertaken by Cebr on behalf of the Skills Funding Agency. You can find these two documents here and here
Finally, if these numbers have convinced you of the benefits of taking on an apprentice, get in touch on 0151 336 9340 or email@example.com and a member of the team will help you through the apprenticeship process. Or you can find out more about our apprenticeships at