Unlocking Success: The Benefits of Apprenticeships in Developing Thriving Accountancy Teams

Business Insights

03/05/2023

Are you seeking to expand your workforce or upskill your employees? Are you an SME in need of assistance with your accounts?

An apprenticeship may be the perfect solution. With this approach, you can hire new apprentices to grow your workforce or use it to upskill and retain your current team. From increased productivity to a more diverse team, the advantages are numerous. Read on to learn more about how hiring an apprentice can help take your accounting team to the next level.

Apprentices Are Motivated to Learn New Skills

An apprentice could be a way to boost productivity within your business, bringing a fresh perspective and new ideas to reinvigorate your team.

78% of employers said apprenticeships helped them improve productivity.

Apprenticeships Are an Affordable Way to Expand and Upskill Your Workforce

Government financial support means for many businesses recruiting and training an apprentice is more cost-effective than hiring skilled staff on a higher salary. You can also upskill your current workforce by training existing employees through an apprenticeship, enabling them to attain industry-recognised qualifications.

If you do not pay the apprenticeship levy 95% of the apprenticeship training costs will be funded for you by the government – our team can provide step-by-step support to access this funding.

Apprenticeships Are Tailored to Your Business

Working closely with employers ensures the training is tailored to your personal business aims and needs. The added advantage of an apprentice is that you can nurture them in their training to think and act in the interest of your business and its values from day one.

86% of employers said apprenticeships helped them develop skills relevant to their organisation.

Apprenticeships Can Improve Your Offer

Hiring an apprentice will help you create more capacity within your team which in turn will improve your ability to refine your offer.

74% of employers said apprenticeships helped them improve the quality of their product or service.

A Solution to Skills Gaps in Small Businesses

Employers can benefit from apprenticeships as they help fill skill gaps within companies. With structured training schemes, apprentices receive specific knowledge, skills and behaviours that are required for their role. In small businesses, team members often have diverse responsibilities and work collaboratively to achieve their goals. As long as apprentices are spending at least 50% of their time on their accountancy training, they can also assist with other tasks to support the business.

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White Horse Training - Taking the Stress Out of Managing Your Apprenticeships

At White Horse Training we take care of every aspect of accountancy apprenticeships, delivering for levy-paying and non-levy paying employers in both industry and practice. We will guide you through the funding process and minimise disruption for you by providing comprehensive support for your learner throughout every stage of their AAT Apprenticeship programme.