NURTURE TALENT & SUPPORT APPRENTICES DURING THE COST-OF-LIVING CRISIS

By Employee Benefits2023-02-14T08:00:00+00:00

NURTURE TALENT SUPPORT APPRENT

The 5^th to 12^th of February is National Apprenticeships Week, and opportunity for employers, schools, and colleges to come together and engage with attendees seeking an apprenticeship.

Apprenticeships have been part of the UK since Medieval times, and back then, they tended to start from the age of 17 and lasted seven years. Today, the workplace (thankfully) looks very different.

Statistics from 2019 to 2020 show that 47% of the apprenticeships started were by the people aged 25 and over. During this period, the number of 17-year-olds starting an apprenticeship was 26% less than the figures from 2018/2019.

In this blog, we take a look at: the apprenticeship levy, the business benefits, supporting apprentices with the cost of living, and money management.