Department for Education (DfE) data confirms that apprenticeships improve businesses in a number of ways:
Degree and Higher Apprentices bring a fresh perspective and up-to-date knowledge and skills, increasing productivity.
Degree and Higher Apprentices develop job-specific skills and competencies and
are able to meet the unique needs of the business where they work and learn.
*76% of employers say that productivity has improved.
*Apprenticeships boost productivity to businesses by on average £214 per week.
*75% of employers reported that apprenticeships improved the quality of their product or service.
Apprenticeships enable businesses to grow their skills base, resulting in increased profits, lower prices and better products.
Return on investment
Learning and assignments are linked to the apprentices’ own work role, so they are able to apply their growing skills and knowledge to the business as soon as the apprenticeship starts, giving return on investment from day one.
* Data taken from the DfE Apprenticeship Core Brief - November 2016