POSTED: March 15 2016
People, apprentices and skills revealed as key to business expansion

People, apprentices and skills revealed as key to business expansion

New research released to mark the start of National Apprenticeship Week has found businesses place apprentices at the heart of their plans to rise to the top and rank hiring the right staff as the most important factor in helping them grow.

Apprenticeships are at the heart of the Government’s drive to equip people with the skills that employers need to grow and compete and today’s research shows that eight in ten managers believe apprentices are vital to their organisation’s expansion plans.

The research also showed that managers hiring apprentices were five times more likely to believe the company would expand rapidly, than those that don’t.

Two thirds (61%) of managers in growing firms felt that hiring the right staff or having employees with the right skills was the most important factor in realising the company’s ambitions.

The new independent research for the Skills Funding Agency found that the right people and skills are ten times more important to businesses when it comes to expansion than access to finance.

National Apprenticeship Week launches today with an event at London’s Shard that is designed to encourage more businesses to take on apprentices.

Full press release on www.personneltoday.com