Why apprenticeships are great for your business

Benefits to your business

Taking on apprenticeships is a great way to build a talent pipeline within your business, developing existing staff whilst introducing new talent into your organisation: staff that can be trained in your specific needs and requirements.

92% of employers who take on apprentices agree that they have led to a more motivated and satisfied workforce, while 83% confirm that they now rely on apprenticeship programmes to provide skilled workers of the future.

  • You will achieve lower costs for training and recruitment as an apprenticeship is more cost effective than hiring skilled staff. Funding is available through the levy government tax, and you’ll have direct control on how you spend your funding.
  • Apprenticeships can help you tackle skill shortages in your business. They can be tailored to specific job roles, making them flexible to the needs of your business. Apprentices can help fill skills gaps by developing the specialist skills you require.
  • The mixture of on and off-the-job training means your apprentice will learn the skills that work best for your business. Apprentices will be trained within the context of your organisation, meaning apprentices contribute to business productivity while developing their own skills.
  • Every time a business hires an apprentice, they receive, on average, a bottom-line boost of around £2,000 once wage and training costs have been factored in.

Benefits to your finance team

For an employer looking to build a finance team around their business needs, apprenticeships are a unique way to attract and develop talent from diverse backgrounds.

Apprentices are often seen as providing better value than graduates, with the benefits of increased enthusiasm, motivation and loyalty. Businesses like KPMG say apprentices bring with them ambition, a fresh perspective and an entrepreneurial spirit rarely found through the standard recruitment process.

Qualifications

Accounting apprentices have the opportunity to study AAT accounting qualifications at each stage of their apprenticeship. Our qualifications deliver practical finance training, professional standards and essential business skills.

Apprenticeships offer a mixture of on and off-the-job training, giving apprentices the opportunity to learn and develop the skills and experience that work best for your business.

Combining these practical skills with the technical knowledge and skills they gain from studying an AAT accounting qualification means that your apprentices, trained within the context of your organisation, will contribute to business productivity while developing their own skills and gaining an internationally recognised qualification.