Latest News Headlines
Commercial Credit News
|77% of apprentices get offered full-time employment with their apprenticeship employer|
|Tuesday, 08 March 2016|
New research from a leading apprenticeships provider has revealed almost four fifths of apprentices get full time employment at the end of their apprenticeship, with a further 92% believing their apprenticeship will give them an advantage when going for a job against those who haven’t completed one.
The study, conducted by Positive Outcomes, a nationally based government-funded training and apprenticeships provider, questioned 227 apprentices aged between 16 and 24, as part of research ahead of 2016 National Apprenticeship Week. All of those questioned were either currently enrolled on an apprenticeship or had previously completed one.
Ryan Longmate, joint managing director of Positive Outcomes, said: “The fact nearly four out of five apprentices go on to gain full time employment with their apprenticeship provider is a remarkable statistic. When you compare that to going to university, where, having completed your degree programme, the process of job hunting begins in earnest, it really is a fantastic endorsement of an apprenticeship as a career route. Not only do you earn, learn and gain invaluable experience, you then avoid the stress of job hunting at the end of it.”
As part of the wider study, respondents were asked: ‘Now that you have finished your apprenticeship, did you get a full-time job afterwards with the same employer?’ to which 77% said that ‘yes’ they did, whilst a further 4% were offered a part time position. Only 19% of respondents said ‘no’.
Ryan said: “When you add in the part time employees, the results suggest more than 80% of apprentices continue working having completed their qualification. So not only have they been paid throughout their apprenticeship, gaining a qualification as they go, but they also don’t have to negotiate the minefield of job applications upon completion as they’re already there and settled in. Even those who haven’t gone on to a full time position can still take away unequalled experience and a nationally recognised qualification to boost their CV.”
The study also asked, ‘Now that you have finished your apprenticeship do you think it will give you an advantage when going for jobs against others who haven’t undertaken an apprenticeship?” to which 92% believed that ‘yes ‘it did.
Ryan commented: “This statistic is another ringing endorsement of apprenticeships. The experience and business insight garnered through an apprenticeship is educationally unparalleled and sets former apprentices in excellent stead to go on and progress in their careers. A recent Comres study, conducted in 2015, suggested only 52% of graduates regarded their degree as value for money. Whilst this isn’t directly comparable, when you consider apprentices pay no tuition fees and in actuality get paid to learn, it really puts apprenticeships in an extremely favourable light.”
Ryan concluded: “The research findings just serve to highlight what a wonderful career option apprenticeships are. Let’s hope they’ll persuade yet more youngsters to undertake one. If our study is anything to go by, they’ll certainly not regret it!”
Forums International Ltd
Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.
Find out more here.
The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.
CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.
As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.
Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.
GTS Media Ltd
81 Cambridge Road
Registered in England No: 05483197