This week we celebrate apprenticeships and the positive impact they have on individuals, businesses and the wider economy.
It’s not just Lord Alan Sugar’s multi-billion pound empire that benefits from an apprentice. Apprenticeships are available in 1,500 job roles, covering more than 170 industries, and can provide organisations with competent, skilled staff that have the knowledge to help them to grow. In return, apprentices are provided with an established career path.
The CIPS Advanced Apprenticeships in Procurement scheme, which includes a CIPS qualification, helps businesses nurture their own procurement managers of the future. Apprentices support roles where specific procurement skills, knowledge and behaviours are required, such as assistant buyer, assistant contract officer, contract analyst and stock/inventory controller planner.
Although apprenticeships are at an all time high – 871,800 people in England participated in an apprenticeship scheme in the 2014-15 academic year – many employers are still in the dark about the business benefits. National Apprenticeship Week 2016 (14-18 March), coordinated by the National Apprenticeship Service, highlights the role of apprenticeships in business. This year’s campaign focuses on higher skills and demonstrates how young people, entrepreneurs and businesses can “rise to the top”.
Here are five interesting facts about the scheme:
1. It’s (almost) certain that your business will benefit
Nearly all employers that take on an apprentice report benefits to their business (96%) and 72% reported that apprenticeships improved their productivity or the quality of their product or service
2. The sky is the limit, literally!
It’s possible to train in almost every industry imaginable, including as a chocolatier and cabin crew.
3. You’re hired
Upon completion, 90% of apprentices will stay in employment, 71% staying with the same employer.
4. National Insurance savings
From April 2016, employers will no longer be required to pay employer National Insurance contributions for apprentices under the age of 25 on earnings up to the upper earnings limit.
5. Paving the way for success
Famous TV chef Jamie Oliver started as an apprentice. Now worth a reported £150m, Oliver left school at 16 with just two GCSEs and began his career with an NVQ in home economics before apprenticing at various eateries across London. He now runs his own apprenticeship programme at his first restaurant, Fifteen.