For small businesses, taking on an apprentice is a cost-effective way of bringing in young blood and fresh talent to the industry. As the financial advice industry modernises and the need for future-proofing firms is becoming ever more vital, taking on an apprentice could help revolutionise and reshape your business for the better. Other benefits of bringing on an apprentice:
If your company's annual wage bill of less than £3m, you do not pay the Apprenticeship Levy. Instead you pay just 10% towards the cost of the Apprenticeship and the government will pay the remaining 90%.
Off-the-job training does not have to involve 1 day a week spent in college. It can be delivered in a way and place that suits you and the provider, allowing the apprentice to learn the new knowledge, skills, and behaviours required.
Anyone over the age of 16 living in England can apply depending on the job role requirements and level of apprenticeship.
Check out this video provided by the National Apprenticeship Service on what employers said about the benefits of taking on an apprentice.
Benefits of apprentices