Five great ways degree apprenticeships can benefit your business

Clare Fazackerly

Category: Degree apprenticeships

11 October 2017

Degree apprenticeships are an excellent way to inject up-to-the-minute, higher-level skills, ideas and energy into your business, building a talented workforce for sustainable growth and success.

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Whether a new recruit, or an existing employee, degree apprentices will learn a huge number of additional skills, increasing the breadth of their knowledge and understanding of your industry – all while on the job.

Here are a few of the benefits degree apprenticeships can bring to your business.

  1. Future business productivity – 75% of employers with apprentices report an improvement in productivity.
  2. Career progression for your employees – apprenticeships can help you retain your most valuable employees, by encouraging them to grow and develop within your organisation. With a well-developed skillset, they’ve got a greater chance of promotion.
  3. Excellent value – gain generous government funding for employers. Larger companies will be able to use their Apprenticeship Levy funds to cover the cost of apprentices’ tuition fees. It’s not only you who’ll be noticing the great value. Your employees will feel as though you’re investing in them, and be more likely to stay with your company.
  4. New talent – apprenticeships are great for attracting and developing talent, with staff knowing they’ll gain an industry relevant qualification and learn the theoretical reasons behind the most effective methods.
  5. Learning relevant to your business – benefit from students developing skills and knowledge tailored to your business. 

A number of degree apprenticeships are available for a broad range of businesses, and that number is expected to continue increasing as the courses grow in popularity.

If you’re a large business already paying the Apprenticeship Levy, you should take advantage of the money you’re contributing and reinvest in your workforce with degree apprenticeships. And if you’re an SME not paying the Levy, why not enjoy the benefits of having 90% of a degree apprenticeship funded by the Government?

To find out more about what degree apprenticeships can do for your business, take a look at these related pages:

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For more information on Degree Apprenticeships, please don’t hesitate to get in touch.


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Disclaimer

The views expressed here are those of the individual and do not necessarily represent the views of Anglia Ruskin University. If you've got any concerns please contact us.