The Latest Key Facts about Apprenticeships and Traineeships
In the build up to National Apprenticeship Week 2016, the National Apprenticeship Service has released the latest key facts about apprenticeships and traineeships:
Benefits to the learner:
- After finishing, the majority of apprentices (90%) stay in employment (including 2% self-employed), with seven in ten (71%) staying with the same employer.
- A quarter of former apprentices had been promoted (23%) within 12 months of finishing.
- 89% of apprentices are satisfied with their apprenticeship; 85% of apprentices said their ability to do the job had improved, and 83% of apprentices said their career prospects had improved.
- On average, individuals with an advanced apprenticeship earn between £77,000 and £117,000 more over their lifetime than similar individuals with Level 2 qualifications.
- Those completing a higher apprenticeship could see increased earnings of an estimated £150,000 over their lifetime.
- Nearly a fifth (19%) of advanced apprentices progress to higher education over time following their apprenticeship, either at a college or university.
- The number of traineeships available has increased by 83% since 2013/14.
Benefits to employers:
- Employers say that qualified apprentices are 15% more employable than those with other qualifications.
- There were more than 250,000 employer workplaces with an apprentice in 2014/15.
- 89% of employers reported that apprenticeships helped their business improve the quality of their product or service.
- According to research published in June 2015, apprenticeships at Level 2 and Level 3 deliver £26 and £28 of economic benefits respectively for each pound of government investment.
- 82% of employers say they are satisfied with the apprenticeship programme and 70% report that apprenticeships improved the quality of their product or service.
- Apprenticeships boost productivity to businesses by on average £214 per week.
- Apprenticeships enable businesses to grow their skills base resulting in increased profits, lower prices and better products.
- Traineeships offer businesses an opportunity to build a pool of high quality future recruits for their sector.
Benefits to the economy:
- 2.4 million apprenticeships were started in England during the last Parliament.
- 19,400 traineeships were started between 2014 and 2015.
- The government invested £1,559,771 in apprenticeships during the 2014/15 academic year.
- Apprenticeship participation now stands at a record level: 871,800 funded apprentices in 2014/15.
- Apprenticeships are available in 1,500 job roles, covering more than 170 industries.
- More than 1,300 employers are involved in designing the new apprenticeships standards.
- Up to 28,000 quality apprenticeship vacancies are available online at any one time at Find an apprenticeship.
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