Hiring an Apprentice is an opportunity to develop new talent, as well as a smart, cost-effective way to grow your workforce. Apprenticeships also aren’t just for new hires as they can be a powerful way to upskill your existing staff and drive productivity.
Here are some of the ways Apprenticeships can help your business in the current economic climate:
Employer National Insurance Exemptions – for Apprentices under 25
One of the most compelling reasons to hire an Apprentice is the exemption from paying employer National Insurance (NI) contributions, if your Apprentice is under the age of 25.
For businesses working with tight margins, this can make a significant difference in the overall cost of hiring. These savings mean that your businesses can invest in training, development and a bigger workforce, without added financial pressures.
This exemption in particular makes Apprenticeships an especially cost-effective way to bring in new talent and support business growth.
Free Apprenticeship Recruitment Service
When hiring an apprentice, you may be surprised to learn that EKC Training’s recruitment service is FREE.
By working with our team, you will gain skilled workers tailored to your business needs, boost company productivity and reduce recruitment costs.
Advertising, shortlisting and interviewing of candidates is taken care of by our team, saving your business time and money. This also removes the need to spend time and money on recruitment agencies or job advertisements, offering you an efficient and budget-friendly hiring solution.
Training delivered with flexibility
In addition to helping you access new talent, EKC Training provides high-quality Apprenticeship training tailored to the needs of your business. Training can take place in one of our Colleges, in the workplace, or by a flexible blend of online and in-person sessions, which makes it easier to fit around your operations.
This delivery means your Apprentice gains the necessary skills and knowledge they need to succeed in their roles, without disruption to your business.
If you’re worried about training costs, Apprenticeship programmes are often fully or partially funded, and additional financial support may be available to cover training expenses. We’ll help you understand what funding your business is eligible for, so you can invest in your workforce without stretching your budget.
Targeted skills development for your Business
By investing in Apprenticeships, you can tailor training and development to fit the specific needs of your organisation.
Instead of spending money on generic training, you can focus on developing the exact skills that you know will benefit your company.
Whether it’s a specific technical skill, knowledge of your products, or an understanding of your business culture, apprenticeships allow businesses to grow talent from within, ensuring your future workforce is positioned to help your company’s needs.
Create a focus on Retention
In addition to hiring new workers, Apprenticeships also provide a great opportunity to develop your loyal, long-term employees who are already invested in your business.
The Apprenticeship model encourages retention by offering further career paths, helping employees feel valued and supported during their journey.
When Apprentices are given the chance to grow and progress within the organisation, they’re more likely to stay, reducing turnover and the associated costs of hiring new staff and further training.
By tapping into Apprenticeships, you’re not exclusively benefitting your business by saving on costs.
You’ll also be making a long-term investment in your company’s success.
From the exemption of employer National Insurance contributions for Apprentices under 25, to the free recruitment services on offer with EKC Training, Apprenticeships offer a highly cost-effective way to build and grow a skilled workforce.
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If you’re ready to explore the benefits of Apprenticeships for your business, start exploring apprenticeship opportunities today with EKC Training.