In our latest update we take a look at how you can make degree apprenticeships work for you.
1.Use your levy pot to train existing employees
Contrary to popular belief, apprenticeships aren’t just for new recruits at entry level. Older staff looking to upskill and progress are increasingly becoming interested in degree apprenticeships – and this is where the levy can help employers unlock the talent within their existing workforce.
The apprenticeship levy can be used to train existing employees as long as the training meets an approved apprenticeship standard or framework and the proposed employee meets the eligibility criteria for apprentices.
2.Use apprenticeships as a retention tool
An independent Government study found that 56% of employers said that apprentices stayed in the business longer than other recruits, creating lower overall recruitment costs as a result.
The same research also showed employers think apprenticeships build a higher level of commitment and loyalty than other employees. It’s believed that the positive impact apprenticeships have on employee retention results from a combination of the quality of the training provided and the ability apprentices have to learn and grow in the business from within.
3. Use degree apprenticeships to develop staff for higher roles
When the UK Government introduced degree apprenticeships in 2015, it created new routes to obtaining Level 6 and 7 qualifications – the same level as a full bachelor’s or master’s degree. This has enabled employers, for the first time, to be able to provide apprenticeship training at a higher level, progressing staff from junior roles to senior roles while in work.
By giving older staff the opportunity to be developed through degree apprenticeships, employers are able to re-train them for career progression or upskill them to meet the needs of evolving job roles. This is especially important with the need for older staff members to develop digital technology skills This helps employers unlock the hidden talents of their staff to create a higher performing workforce.
4. Use degree apprenticeships to address current and future skills gaps
Higher and degree apprenticeship standards (designed to raise and standardise the skill level and competency of a range of occupations) are helping businesses build a skills pipeline to fulfil future roles. Currently, there are 147 new standards approved for delivery but employers can look forward to as many as 1,600 by 2020.
As degree apprenticeships enable employers to gain valuable skills by developing staff via work-based training programmes, skills can be developed in highly-sought-after areas such as leadership and management and digital technology, and people can apply those skills to their role immediately. Building this pipeline of skills from within is a solid way to future-proof your organisation and ‘win’ the war on talent.
5. Helps to enhance your Corporate Social Responsibility (CSR) programmes
Having a robust corporate social responsibility strategy not only provides an increased competitive advantage for businesses but is often now a necessity. Degree apprenticeships offer a prime opportunity to strengthen a business’s commitment to this agenda as they are an opportunity to improve social mobility with the potential to break down barriers and increase access to higher education for disadvantaged students, whilst also contributing to local growth and development.