Positive Economic Contributions Should Prompt More Employers to Hire Apprentices says Total People
New government data revealing that apprentices in England contribute an impressive £25 billion to the economy over their lifetimes has spurred calls for more employers to consider hiring apprentices to address their skills needs. This new analysis almost doubles the previous £14 billion estimate from 2018, showcasing the remarkable economic value of apprenticeships.
This significant increase in contribution figures aligns with planned government reforms aiming to remove key barriers for learners, employers, and training providers, making apprenticeships more accessible for all stakeholders involved. With these reforms on the horizon and fresh evidence highlighting the positive economic impact of apprentices, more employers are urged to hire apprentices to meet their skill requirements effectively.
Melanie Nicholson, Managing Director of Total People, a prominent apprenticeship and work-based learning provider, highlighted the importance of apprenticeships in driving economic growth. She noted that apprenticeships not only equip individuals with essential skills but also address critical workforce shortages across various industries.
“This new analysis, representing a significant increase in the economic contributions of apprentices, underscores the crucial role apprenticeships play in driving economic growth,” said Nicholson. “With many key sectors facing skills gaps, this data should provide employers with confidence that hiring an apprentice can solve their recruitment challenges and position them well for growth.”
Total People partners with numerous learners annually, aiding them in acquiring skills through apprenticeships in fields such as Engineering and Construction, Childcare & Education, and Professional sectors. They also offer short courses, education for those aged 16-19, courses for young people, and other qualifications. Aiming to ensure their employees have the necessary skills to drive growth, Total People collaborates with employers to develop their workforce.
The new data emerges alongside a series of proposed government changes intended to remove significant obstacles for all parties involved in apprenticeships. These recently announced reforms include adjustments to functional skills requirements, streamlining end-point assessments, and reducing the minimum duration of an apprenticeship from 12 to eight months.
Melanie Nicholson expressed anticipation regarding the upcoming adjustments: “We are keen to see the finer details of how these adjustments will be rolled out and what measures will be in place to further enhance the appeal of hiring an apprentice for employers while maintaining the high standards of quality that currently exist.”
The latest figures and reform plans make a compelling case for businesses across all sectors to consider adding apprentices to their workforce, helping to address their skills needs while contributing positively to the economy.
The economic significance of apprenticeships is clear, and with impending reforms to improve their accessibility and efficiency, there has never been a stronger reason for businesses to invest in apprenticeships.