Apprentices unlock business success, research shows

Eighty per cent of managers see apprentices as a key part of growing their business, new research has highlighted.

The study, which marks the beginning of National Apprentice Week, found that the majority of businesses place apprentices at the heart of commercial success, with almost two thirds (61 per cent) believing that taking on the right staff is the most important factor in achieving growth.

 

Driving expansion

In addition, managers who hired apprentices were five times more likely to think that their business would expand quickly, than those who don’t.

The study also showed that the right staff with the most appropriate skills are 10 times more important to expansion than finance.

The research was carried out for the Skills Funding Agency to coincide with today’s (14 March) launch of National Apprenticeship Week.

 

Top firms commit to apprentices

To mark the week-long event, seven top companies are announcing major commitments to apprenticeships: Starbucks, Prezzo, Fortnum and Mason, Deloitte, Greene King, BT and Addleshaw Goddard.

The theme of the week is ‘Rise to the top’, and throughout, employers of all sizes will be coming together to showcase how apprenticeships help them #RiseToTheTop of their industry.