The Government are beginning to improve apprenticeship policies for both employers and employees and apprenticeships can be great from reducing unemployment, to increasing productivity. Below are some reasons why this is great for the economy and your business.
3 Reasons why Apprenticeships are vital in the economy 2022/23
1. Enabling a diverse workforce
Apprenticeships provide an opportunity to scout talent from a broader range of educational and ethnic backgrounds, social classes, and socioeconomic status. This is beneficial as it improves a diversity of abilities within the workforce, improves employee retention and encourages a diverse working environment, allowing an increase in productivity.
2. Improving the skill gap across adults in the UK
Recruiting and training apprentices helps to narrow the current skill gap in the UK, within any industry or organisation. Employers and candidates can collaboratively select skills which benefit both parties to develop, which ensures that both the employee and business can progress in key areas in which they may have struggled to do before so.
3. Increases Innovation
Employing apprentices from various backgrounds could provide a new perspective on things in the workplace. They also have the ability to immediately apply their learnings and insight to the job and allows employees to obtain competencies and skills that cross over to other job roles, meaning that they are able to advance faster and can provide more value to the company as they have a better outlook on how to improve efficiency across roles.
Book a consultation now to access high potential and diverse talent with Multiverse.io
Did you know?
According to the findings, 80% of UK leaders believe investment in digital skills will be important to the country’s economic recovery following COVID-19, while 78% also view a large pool of digital talent as essential to driving UK competitiveness.
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