Managers are the heart of a company. They set the direction. Any decision made from the top translates all the way down to the front line. Whether a business eventually fails or succeeds comes down to the leaders’ skills, knowledge and most of all, mindset.
A manager needs the ability to effectively manage budget, resources, and employees. This leads to many critical mistakes made by managers simply because they have not received proper training.
Leadership and Management Apprenticeships are a productive way to ensure current or future managers develop the correct skills, behaviors, and knowledge essential to success.
Here are 6 benefits of upskilling or recruiting managers through apprenticeships.
1. Cost effective
Apprenticeship funding is available so there is little-to-no cost for the training. Apprenticeships are one of the most cost-effective ways of acquiring a manager in your business that is duly qualified for the role, with the suitable skills and knowledge needed.
If you use a Management Apprenticeship to upskill an existing member of staff, you will not have the added salary expense that you would have if you hired a new manager. Alternatively, you could continue to pay the same salaries you currently do while the government funds much of your apprenticeship training.
2. Enhanced productivity
According to apprenticeships.gov.uk, 78% of business owners report that apprenticeships helped them improve productivity.
An apprentice will free up the time for your more experienced team members, supplying an extra pair of hands. Other members of the team will be able to delegate tasks to free up their time to concentrate on their own core responsibilities. Therefore, improving focus and quality in that area, leading to better service and better service equals happy recurring customers. As an apprentice learns, they can take on larger tasks, meaning that productivity can increase all round.
3. Increased retention rates
One of the biggest struggles that businesses face is loyalty. The process of hiring and training employees consumes a considerable amount of time, effort, and money, only at the risk of losing staff and having to undergo the same tedious task again.
Statistics show that apprentices dramatically boost loyalty in the organisation. When an apprentice is given support and in-house training, their motivation to learn and grow excels; resulting in them wanting to stay with the employer who taught them.
4. Bring innovation
With new employers comes new enthusiasm for the role, bringing in fresher ideas and perspective. Studies show that 74% of businesses express an improvement in their product or services after recruiting an apprentice’s new insight.
In addition, when employees feel supported to develop professionally and given the opportunities to learn new skills that can be applied for their future, they are more likely to give it their all. Afterall, who does not love a motivated team, right?
5. Business specific training
One of the best benefits of hiring an apprentice means that you have an input on the training received. At Dynamo Training we tailor our training to suit your needs. This means you will not have to deal with employees who have picked up work habits that contradict your own values and way of doing things, from their earlier workplace. They will adapt specifically to your corporation.
You will find that apprentices are particularly eager to learn about your business, once they are equipped with the skillset and behaviours you wish, they can add immense value to your organisation. Apprentices become highly valuable assets and are a great long-term business strategy.
6. Skilled and qualified managers
Leaders and managers hold the biggest responsibility in an organisation, it is up to them to ensure success within the team, products and services and overall success of the business.
If mistakes are being made by leaders, it reflects badly on the entire company, which can be disastrous for its future.
All our Leadership and Management Apprenticeships cover the vital topics of leadership, critical to not only business success but for themselves and the teams.
When you know your business is being led successfully, this frees up your time to focus on the other areas that require your attention.
Find out more about our Leadership and Management Apprenticeships or speak to a member of staff today on:
01736 753933
training@dynamo-training.co.uk
