As an employer, while there are many reasons to hire apprentices, you must evaluate why you want to hire them. Apprenticeships are a versatile tool to discover the appropriate people, increase productivity, manage attrition, and reduce hiring expenses. It is time to stop seeing apprenticeships as a necessary evil to comply with the law.
Have a set criterion so that you can find the right kind of people to work with your brand. Give those who satisfy 60–70% of the requirements the chance to assess and hone the required competencies through apprenticeships and develop the talent internally. To do this, go beyond schools and colleges when hiring apprentices.
Make your decision a no-brainer. Talent creation is usually more economical than talent acquisition. The number of apprentices hired is closely connected to the recruiting cost savings.
The systematic method of learning via apprenticeships establishes a firm basis for people's and organisations' productivity, lowering the cost of quality. Furthermore, the talent's real-time availability lowers the potential of loss of productivity due to attrition.
With the higher absorption rate of apprentices who are pooled into employment, companies are bound to save higher while giving a wide range of incumbents an opportunity to prove themselves.
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