Top Benefits to Offering Apprenticeship Jobs
Did you know that generally speaking, 65% of apprentices continue on to become full-time employees after their program concludes? Apprenticeship jobs are typically regarded as a positive program to engage with potential workers and help them to gain the experience and knowledge they need to be a hirable member of the workforce. Unlike internships, apprenticeship jobs are paid and tend to include a full-time position once training has been completed.
These programs can allow workers to learn about the job and undergo thorough training while being paid for it. Oftentimes, apprenticeship jobs involve positions that require highly specialized skills. As many jobs require experience as a prerequisite, it can be hard to find the right amount of experience. This is where apprenticeship jobs come into play. Apprenticeships will not only provide benefits to your workers, but can also positively impact your business.
Here’s are the top benefits to offering apprenticeship jobs:
- Specialized Training
- Employee Longevity
- Proper Training Programs
- Cut Costs
- Mitigate Hiring Risks
Like most businesses, your company will likely require certain skills that your workers will need to be trained in. Outside of the skills required of your niche industry, your business likely has a certain way of performing specific duties. This means the employees of your business will need to be trained in a particular way.
This is where apprenticeship jobs come in handy. Apprenticeships offer the ability to not only show your new hires how things are done but can give these new workers plenty of time to thoroughly understand your business and the job required of them. The length of an apprenticeship program will depend on both the sponsor and the job. The range can be anywhere from one year up to six years, however, the average apprenticeship lasts two years.
Quick employee turnover rates can become an issue for any business struggling to find quality employees. Frequently needing to hire and train new workers can create more strain on existing employees while also costing your business precious time and money that you might not have. However, apprenticeship jobs have been shown to have a positive effect on employee retention and longevity. A business that shows its workers their team is willing to put time and money into their long term industry development is rewarded with loyalty and hard work. Employees enjoy working for businesses that look out for them and their best interests.
And, when you maintain a cycle of apprentices, your business will always have access to trained and reliable employees. This can provide a means of addressing an aging workforce, or account for any employee absences.
Proper Training Programs
When it comes to your business, depending on your industry, it’s likely that you will need to hire specialized workers. These types of niche jobs can often have a lot of moving parts. There is a lot to know and the methods of performing regular tasks can vary between workers. Without a properly trained, educated staff, unskilled workers can create a plethora of problems within your work flow. In order to create employee uniformity and to ensure jobs get done right the first time, instating an apprenticeship program may be in your best interest.
Apprenticeship jobs allow for new employees to experience the same training system. These types of positions also solidify the training system itself. A workforce that performs its functions consistently provides great results for the business.
As apprentices will likely be less skilled than your average employee, they will require extra training. While your apprentices will be able to quickly begin completing duties and performing job tasks, they will still require supervision and guidance. This is why employees working in your apprenticeship programs can be paid between 40 and 50 percent less than a typical employee that is fully trained.
Apprenticeship jobs lead to big savings for any business. Apprentices will require more attention, but the money saved on their labor will add up quickly. As your apprentice is gaining knowledge along with the money they are receiving, they will not feel as though they are being exploited. Instead, the compensation is split between financial pay and knowledge of job skills.
Mitigate Hiring Risks
For most businesses it can take a lot of work, time and money to hire a new employee. First, your company will need to create a job listing and post it on various job boards. Then you’ll have to weed out the workers with the right skills, conduct multiple interviews, second interviews, to finally offer someone the position. Background checks and other employment eligibility verifications will also need to be completed as well before the right worker can begin fulfilling a role within your company. After all of that time and money, if an employee doesn’t work out, your business will have effectively wasted all of the time and money spent up to this point.
Apprenticeship jobs mitigate hiring risks. The apprentice fills a much smaller role than a full-time employee would, so their work will not hurt your business if they don’t work out. Likewise, the rates of retention make the possibility of a negative outcome much less likely.
Contact Hamilton-Ryker today to learn more about apprenticeships, as well as the grants and funding available to support this effort.