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The Business case for Apprenticeships. Apprenticeships offer good return on investment Increased competitivenessIncreased productivityHigher quality Reduced costsImproved recruitmentFunding potentialApprenticeships are:Cost-effective (Level 2
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1. Apprenticeship Programmes for Today's Employers Welcome Name
Job title
- Semta presentation about the range of Apprenticeships available now from YA for school pupils to HA + Graduate studies
If you are already involved with an Apprenticeship programme or just interested in finding out more - then they are thriving and growing
- ambitious targets for future growth
Welcome Name
Job title
- Semta presentation about the range of Apprenticeships available now from YA for school pupils to HA + Graduate studies
If you are already involved with an Apprenticeship programme or just interested in finding out more - then they are thriving and growing
- ambitious targets for future growth
2. The Business case for Apprenticeships Apprenticeships offer good return on investment
Increased competitiveness
Increased productivity
Higher quality
Reduced costs
Improved recruitment
Funding potential
Apprenticeships are:
Cost-effective (Level 2 & 3 funding available for 16 24yrs from LSC and as of this year 25yrs +)
Fit for purpose
Less bureaucratic Why are Apprenticeships important? Despite public perception they never went away because employers appreciated their value. The engineering sector has perhaps the longest tradition of any sector of using apprenticeship frameworks as a means of providing high quality work based training, leading to semi skilled or skilled status.
Content and structure determined by employers so fit for purpose
The core engineering sub-sectors covered by SEMTA relating to both frameworks are:
Aerospace Automotive
Basic metals Electrical equipment
Electronics Other transport equipment
Mechanical equipment Boat and Shipbuilding
The breadth of the frameworks means that they are also popular with companies outside SEMTAs engineering scope, such as:
pharmaceutical process & manufacturing
environmental and land-based construction
food & drink industries
Return on investment
Increased competitiveness equipping workers with relevant skills, retaining skilled employees.
Increased productivity there is a strong link between adding value through training and higher productivity (eg BT apprentices generate a 7.5% higher rate of productivity than non-apprentices)
Quality apprentices are given the correct tools to do the job and their quality of work therefore tends to be better than that of non-apprentices
Reduced costs improved productivity, less waste - lower attrition rates lead to lower costs for recruitment and training
Recruitment bbusinesses need new blood to ensure they are able to deliver their strategic business objectives
Train2Gain for adults as long as they have not already completed a L2 qualification. If started but not completed individual discretion by LSC.
L3 100% funding up to 19yrs
- 57% funding 19 25yrs
- 0% funding 25+ if anything then at discretion of LSC Local Initiative Fund.
Why are Apprenticeships important? Despite public perception they never went away because employers appreciated their value. The engineering sector has perhaps the longest tradition of any sector of using apprenticeship frameworks as a means of providing high quality work based training, leading to semi skilled or skilled status.
Content and structure determined by employers so fit for purpose
The core engineering sub-sectors covered by SEMTA relating to both frameworks are:
Aerospace Automotive
Basic metals Electrical equipment
Electronics Other transport equipment
Mechanical equipment Boat and Shipbuilding
The breadth of the frameworks means that they are also popular with companies outside SEMTAs engineering scope, such as:
pharmaceutical process & manufacturing
environmental and land-based construction
food & drink industries
Return on investment
Increased competitiveness equipping workers with relevant skills, retaining skilled employees.
Increased productivity there is a strong link between adding value through training and higher productivity (eg BT apprentices generate a 7.5% higher rate of productivity than non-apprentices)
Quality apprentices are given the correct tools to do the job and their quality of work therefore tends to be better than that of non-apprentices
Reduced costs improved productivity, less waste - lower attrition rates lead to lower costs for recruitment and training
Recruitment bbusinesses need new blood to ensure they are able to deliver their strategic business objectives
Train2Gain for adults as long as they have not already completed a L2 qualification. If started but not completed individual discretion by LSC.
L3 100% funding up to 19yrs
- 57% funding 19 25yrs
- 0% funding 25+ if anything then at discretion of LSC Local Initiative Fund.
3. The future of Apprenticeships Identified in Leitch report, by 2013 Semta aims to increase apprentice numbers by 100%: Industrial Applications 1,200 to 2,200 apprentices Engineering 5,400 to 11,000 apprentices Advanced Engineering 5,500 to 11,000 apprentices Apprenticeships are thriving!