Undoubtedly, an apprenticeship is a variable and beneficial option for school leavers to progress quickly in working life, but from an employer’s point of view, you’re probably wondering what’s in it for me? That’s why we’ve listed the top 5 reasons why you should fill your current vacancy with a trainee.
1. Grow your team while keeping staff costs down
According to career advice website Prospects.ac.uk, starting salaries for estate agents are in the region of £12,000 to £20,000 OTE for trainee posts. With experience, salaries can rise to £25,000 to £60,000 plus commission. Obviously, salaries vary greatly depending on location, qualification, specialist area, the size of the firm and the economic climate in the property market and building industry. If you want to grow your team while keeping staff costs down, it’s worth considering hiring a Trainee Estate Agent through an apprenticeship programme.
When hiring an apprentice, you must pay the apprentice at least the minimum wage during their placement with you. The National Minimum Wage for Apprentices is £3.30 per hour (From October 1st, 2016 this will be increasing by 3% to £3.40 per hour). This is the legal minimum pay per hour applying to 16-18-year-old apprentices and those aged 19 and over in the first year of their apprenticeship. So if you hire a Property Apprentice to work Monday to Friday 9 am to 5 pm, you’ll pay them around £127.50 per week.
2. Make hiring simpler and cheaper
The costs of recruitment in time and effort can seem daunting, which is why so many firms are prepared to employ recruitment agencies.
According to job site Monster.co.uk, the average recruitment cost of filling a vacancy using internal or external recruitment methods is reckoned to be around a whopping £4,500! And if you go to a traditional percentage fee agency, and your hired candidate leaves within the first month, you could easily lose thousands of pounds.
High-quality training providers like Profound Services can help you with the entire process from recruiting an apprentice to customising a training programme at no additional cost. They’ll also provide information, advice and guidance on the types of funding available to you. Training organisations receive government funding through a contract with the Skills Funding Agency (SFA), so there is no cost to the employer for the recruitment service! It’s a win-win situation for all involved!
3. Develop new recruits to meet your need
Apprenticeships are a unique way to ‘grow your own’. They are work-based training programmes, designed with employers, which combine on and off the job learning and development activities. Employers have full control over what activities and tasks their apprentice participates in in-house and what they will learn during off-the-job training.
Training providers can work with you to tailor the apprenticeship qualification and delivery to meet your individual business requirements. They’ll develop a training plan which reflects the apprentice’s and employer’s needs, and review and test the progress of an apprentice and provide feedback. For example, Profound Services deliver two different Property Apprenticeship pathways depending on the employers and learners requests. Apprentices can either go down the Residential Property Letting and Management route or go into a Sales of Residential Property based role.
4. Greater productivity
According to the National Apprenticeship Service’s Employer Guide to Apprenticeships, 89% of apprentice employers say they make their business more productive. The average apprentice increases business productivity by £214 per week!
A Property Apprentice will be involved in a range of duties that will free up the time for other employees. Typical duties include:
- providing initial advice to customers and obtaining information on requirements and circumstances
- preparing and distributing property information
- managing office diaries and the safe keeping of keys
- liaising with advertising agencies and organising viewings
5. A satisfied workforce with a low staff turnover
Charted Institute of Personnel and Development (CIPD) conducted a report and highlighted that ‘75% of apprentice employers say their Apprenticeship programme has helped cut recruitment costs. 80% agree that Apprenticeships will play a greater role in their future recruitment policy; resulting in lower staff turnover, fewer skills-related vacancies, and reduced recruitment costs.’
In the same study, nearly every employer that took on an apprentice (96%) reported benefits to their business including increased employee satisfaction and engagement as a result of hiring an apprentice.
The CIPD report summarised, ‘…having the people in place to deliver short and long term objectives should be a core process of human resource management. Apprenticeships should be part of this strategic approach, as they offer you the opportunity to grow and develop the skills and the workforce you need for the future and bring bright new talent into your organisation.’
Apprenticeships are an asset to any organisation and can bring significant benefits to your business and existing workforce. If you’re ready to take on an apprentice, contact Profound Services on 0191 587 4570 or email firstname.lastname@example.org.