subject: The Benefits Of The Government's Apprenticeship Scheme [print this page] The Benefits Of The Government's Apprenticeship Scheme
The concept of the apprentice harks back to a time when vocations were the only real option; from apprentice blacksmiths through to apprentice grocers; apprenticeship was a means of learning a trade and forging a future. The apprenticeship scheme has been recently revamped and brought very much up to date in a way which is sure to appeal to ambitious young people and companies alike. So, what are the benefits of the modern apprenticeship scheme?:For The ApprenticeIt is common knowledge that the cost of going to university is rising rapidly as a consequence of significant increases in tuition fees. Even with the current system, graduates are leaving education with debts in the region of tens of thousands of pounds. Just as disconcerting is the glut of graduates who are finding themselves either unemployed or unable to secure a position in their chosen field despite their degree. Although university will continue to be the best route for many individuals - it is by no means the most beneficial option for everyone. The apprenticeship scheme allows school leavers to get on the job experience in their chosen field and to earn money in the process. The skills an apprentice develops during the course of their apprenticeship can be invaluable in terms of both personal development and career progression.One of the most appealing aspects of the apprenticeship scheme for those getting involved is the payment aspect. Employers taking on apprentices are legally obligated to pay them at least the national minimum wage for apprentices of 2.50 per hour. Although this isn't the most impressive sum, research has indicated that thanks to the development of an apprentice's skill set over time; apprentices on average take home somewhere in the region of 170 net per week. Earning this amount of money whilst learning a trade and opening the door to future career development is an incredible opportunity, especially when compared to the net cost of university education. Apprentices also benefit from other employment perks such as a minimum of 20 days per year paid holiday.For The EmployerIn terms of your bottom line, apprentices can provide incredible improvement due to the considerably lower wage cost compared to options such as looking to hire skilled staff. In addition to costing the company less, due to the nature of the apprenticeship scheme, apprentices tend to be enthusiastic, highly motivated and focussed on both learning and performing. Provided you have the time and resources to aid an apprentice with comprehensive training and skill development you may also find yourself with a new member of staff on a long term basis - who is thoroughly versed in your operations.The apprenticeship scheme benefits all parties involved, whether you're a firm looking to employ new staff or a school leaver hoping to secure a bright future in business then it's well worth investigating the options.
