Making Apprenticeships Work For Your Business
The costs of Apprenticeships offered to 16-18 year olds are 100% funded by the government and for those aged 19 and over, the government will now pay 95%* of the costs.
Plus, if your apprentice is under 25, you will not be required to make national insurance contributions for them. A typical Engineering Advanced Apprenticeship costs £9k per year, meaning, you have access to structured, recognised training programs, at a cost to you of approximately £450 per year – or less than £40 per month. Plus, findings from a report from the Centre of Economics & Business Research, found that employing an apprentice boosts organisation productivity by over £850 per month. Based on these numbers, can you afford to not have apprentices?
*From 1st April 2019, the government reduced employer contributions to 5% for all new apprenticeships. Existing apprenticeship schemes that started before 1st April 2019, will continue at the 10% co-funded rate.
Improve Staff Satisfaction and Retention
Investing in training and development of staff has been proven to improve staff satisfaction and retention, making employees feel valued and much more likely to stay with a business than surprisingly from getting promotions.
In today’s environment where Millennials are demanding much more from employers; Jobs for life are a long and distant thing of the past, with two-year stints are becoming the norm. Investing in training and development can help to retain good talent and significantly reduce your recruitment time and bills.
At iMET we provide tailored specialist engineering programs; making training relevant by tailoring the courses to meet the needs of your business.
We understand that all businesses are unique and can work with you to understand your requirements to provide training in a format that works for you.
We are not constrained to the typical ways of working of traditional Further Education institutions. All year-round training, alternative teaching methods and real life project based working are just some of the ways we ensure the training is relevant to you – this all means freeing up your precious time and resources for you to continue to grow your business.