At JPL Group, much more emphasis are payed on sourcing and developing younger generations in all sectors of our establishments. And as well as indulging apprentices through nurture and mentoring platforms which enable them to achieve beyond self belief.
JPL has evolved to meet the growing concerns and demands for sustainable initiatives in social, economic and environmental fields.
We realised that an apprenticeship schemes is the best way to get into a craft of various trades across the board. It enables the student to learn, work, earn and become qualified all at the same time, by combining college learning with on-site experience.
Benefits of this scheme is known to be a valuable structure in recruiting and employing of apprenticeships as;
✓ Implementation of realtime training path to accumulate and develop future skills.
✓ Structured learning platform.
✓ Boost and improved morale.
✓ Increase productivity and proactiveness.
✓ Cost effective means of filling skills gaps and as well as lower cost to recruitment budget.
✓ Increase career prospects and opportunities.
Recent reports from London Councils stated that The Chartered Management Institute carried out a survey with over 500 businesses and found that despite 40% of businesses finding apprenticeships hard to access:
Apprenticeship takes the works and worth it.
- 79 per cent of employers said apprentices quickly delivered a positive return oninvestment.
- 84 per cent appreciated that hiring apprentices would improve their reputations as employers.
- 69 per cent said apprenticeships were an effective way of developing management skills.
- 92 per cent say that teamwork and interpersonal skills were improved by apprenticeship programmes.
- 84 per cent believe problem-solving and analytical thinking skills were enhanced through the schemes.
Customers are in favour of the scheme too
A study, carried out by YouGov on behalf of the National Apprenticeship Service (NAS), found 80 per cent of consumers favour an organisation that has a fair trade agreement with its suppliers, strong environmental credentials or employs young apprentices. Another example of how apprentices are good for the bottom line of your business.
Return on Investment (ROI)
A recent study by the University of Warwick Institute of Employment Research found that the costs of Apprenticeship training are recouped relatively quickly, and that where the investment is nurtured, the returns are significant.
- for Business Administration Apprenticeships, employers will see a return on their investment in under a year.
- for Engineering, the initial high costs are recouped two years after the apprenticeship is completed.
- for Construction, again the initial high costs are recouped two years after completion.
- for ICT, the costs are recouped in six months.
The research took into account training and employment costs so where the training is fully or part funded by the LSC, the return on investment is even higher and therefore achieved much quicker.
Another study by Sheffield University measured the long term financial benefit to investing in Apprenticeships. A Level 3 Advanced apprentice will generate an additional lifetime benefit to themselves and their employer of £105,000 compared to someone who does not gain an Apprenticeship. The Level 2 additional benefit is £73,000. This represents a gain of £16 for every £1 of taxpayers’ money.
We are committed to staff development. We recognised the need to continually update skills levels and to ensure that future skills gaps are constantly addressed. To this end, we proactively promote apprenticeships and believe that this is an excellent way of improving the business in the long term.
Source: London councils.