While more and more young people are looking to move through the steps of their career fast in order to make more money, the significance of apprenticeships remains just as crucial in 2023 as it was one hundred years ago.
In fact, as modern day apprenticeships offer a unique blend of experience learning, skill development, and skill exchange for both apprentices and the businesses, such programs can truly make a big difference in terms for both parties.
Young professionals can use apprenticeships to propel their careers. On the other hand, businesses can build growth and reputation through the introduction of apprenticeship programs.
We delve into the myriad of mutual benefits of apprenticeships, shedding light on how they contribute to growth for all those in the employment market.
There is no denying that apprenticeships are typically perceived as crucial professional steps for young adults as they start building their careers.
1. Enhancing their CV by gaining a valuable experience
Apprenticeships can provide young people with the unique opportunity to enrich their resumes and bolster their skill sets in a safe professional environment.
Take a look at the famous Mountbatten program, for example, which was first launched in 1984 to connect global businesses with bright young professionals. The programs run in different locations, including New York City and London, UK.
For many young people, it is an opportunity to live rent-free for 12 months while participating in a professional experience that will make their CV more desirable for future employers.
With any apprenticeship, the practical experience gained equips individuals with a deeper understanding of their field and a competitive edge in the job market.
2. Building a professional network
While not all apprenticeships may end in hiring the apprentice, they can give young people access to a professional network. Making valuable connections throughout the duration of the apprenticeship can provide new opportunities or support as they progress their career.
So, while an apprentice may not have a permanent job at the company they stayed at, they could make contacts who can become references during their future professional endeavours.
Alternatively, they could also go through the recruitment process much faster with partners or suppliers of their apprenticeship provider.
1. Gaining access to new talent
Apprenticeship can provide businesses with a pipeline of fresh talent they can infuse with know-how about their unique operations.
By nurturing and training apprentices, companies can mold bright individuals to fit their specific organizational needs and culture.
There is no denying that, while the long gain is apparent, many companies would not be able to invest in apprenticeships without supportive schemes, such as the mature age apprentice funding plan for apprentices over 21.
2. Growing reputation as a brand
Engaging in apprenticeship programs can significantly grow a company’s reputation and brand image.
Indeed, businesses that invest in the growth of apprentices exhibit a commitment to nurturing future generations of professionals. This, naturally, resonates positively with stakeholders, including customers, partners and investors.
Apprenticeships can showcase a company’s dedication to corporate social responsibility and contribute to the overall betterment of the work market as a whole.
The bottom line: Apprenticeship is a symbiotic relationship between young people and businesses to create a win-win scenario that fosters growth and progress for both parties. As the world continues to change, the enduring benefits of apprenticeships remain a constant force in propelling businesses and professionals toward success.