Celebrating the positive impact of apprenticeships
With businesses and young people getting involved in hundreds of events to mark National Apprenticeship Week, it’s clear both sides stand to benefit
Some of the country’s top employers are already offering work experience, traineeships and apprenticeships to help give young people the best start in their career. And with 1,500 job roles, covering 170 industries, apprenticeships enable young people and individuals of all ages and backgrounds to achieve their ambitions.
Now is the time for more young people to consider apprenticeships as a route into a successful and rewarding career and for more businesses to get on board and reap the benefits.
I meet apprentices up and down the country and am always impressed by how enthusiastic they are, not only about their own jobs but by spreading the word far and wide to others. Many of our apprentices go into schools and colleges to talk about how their apprenticeship has literally changed their lives.
They tell me on a regular basis how starting an apprenticeship is the best decision they have ever made; about how their confidence has improved and about how rewarding their career is.
The growing opportunity
Young people can “get in and go far” with an apprenticeship at some of Britain’s biggest and brightest companies. They can gain the skills and knowledge they need to succeed, in some cases up to degree level, while working and earning. We want it to become the norm for young people to consider an apprenticeship as a route to a great career and secure finances in the years ahead.
With more higher and degree apprenticeships becoming available, young people are able to choose an equally valid route as going to university, aim high and get right to the top.
The benefits of apprenticeships to individuals are great: after finishing, 90 per cent stay in employment, with seven in ten staying with the same employer; around a quarter of former apprentices had been promoted within 12 months of finishing; apprentices say that their ability to do the job had improved, and said their career prospects had improved too.
And financially speaking, the rewards are clear: on average, individuals with an advanced apprenticeship earn between £77,000 and £117,000 more over their lifetime than similar individuals with Level 2 qualifications; those completing a higher apprenticeship could see increased earnings of an estimated £150,000 over their lifetime.
And for businesses, apprenticeships enable them to grow their skills base resulting in increased profits and better products. Almost nine out of every ten apprenticeship employers hoping to achieve business benefits tell us that apprenticeships deliver – including 89 per cent reporting that it has helped their business improve the quality of their product or service.
There really has never been a better time to become an apprentice or employ one.
For more information on National Apprenticeship Week 2016, go to www.gov.uk/naw2016
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