An Alpha article by Rob White – download the full pdf here.
In the present economic climate, the necessity to adapt and optimise cost-effectiveness is a common theme across all sectors, financial services included. When this leads to budgets being squeezed, this can negatively impact critical areas like learning and development.
As a training organisation, Alpha understands the need to continue investing in talent development to secure future business success and competitiveness. We highly recommend considering the UK apprenticeship scheme as a viable, cost-effective strategy to cultivate a diverse talent pipeline across revenue and non-revenue generating functions, with substantial government funding available (the apprenticeship levy), to alleviate the financial burden.
It is important to note that each employer’s specific circumstances and workforce needs will influence how they choose to spend their apprenticeship levy. Companies can invest in apprenticeships for new employees, or use the levy to upskill existing staff, or focus on specific areas of their business that require improvement. The key is to align this growth opportunity with the organisation’s goals and priorities to maximise the benefits of the apprenticeship programme.
We have selected just six examples of where we have seen apprenticeships make a significant contribution to business performance:
With attainment levels that start at intermediate, run through advanced, higher, degree and masters – apprenticeships really are proving themselves to be an excellent opportunity to get much more, with less, during this period of financial uncertainty.
DOWNLOAD THIS ARTICLE AS A PDF
Talk to us about how we can manage your apprenticeship programme and how we can help you maximise the government funding available for new and existing employees to ensure they are equipped with the skills they need for a constantly evolving financial services sector.