Getting a foot on the employment ladder is no mean feat during a buoyant economy, besides an ailing one. Amidst the financial turbulence of the past few years, there has been an enormous amount of warranted concern regarding the job prospects of the young. Graduate unemployment has hit a well-documented low. It is expected that reduced expectations of quality employment following graduation, coupled with 2012’s forthcoming tuition fee hikes, will deter greater percentages of school leavers from pursuing higher education. As youngsters of school leaving and A-Level ages veer away from the pursuit of University places, there will naturally be even more of this age group seeking to enter the employment market.
Neither is everything in the garden rosy for business owners and HR payroll professionals. Many have found themselves in the unenviable positions of having to make redundancies, and enforce pay freezes on the very employees they are obliged to demand more of. Even those seeing a light at the end of the tunnel are loathed to expand and recruit for fear of making bad decisions that could prove costly and problematic.
The cost implications to a business of employing and training an apprentice are far exceeded by the recruitment, employment and training of a new team member. When considering each very different set of issues side by side, it becomes apparent that apprenticeships can offer win-win solutions at both ends of the scale. There are currently 200 different apprenticeship types available, with many more under development.
At Moorepay, we provide a comprehensive portfolio of HR payroll services to a vast spectrum of businesses, in addition to solely offering payroll solutions. We regularly share our in-depth experience and knowledge of apprenticeships with business owners and their HR payroll representatives. We are keen to talk to companies who require further guidance about how apprenticeships can provide cost effective yet rich rewards to both apprentices and employers alike.