There are many benefits an apprentice or trainee can bring to your business. As they're often new to the industry, you can make sure they learn how to do things your way, right from the get go. Having staff who are trained in your way of doing the job can not only make your life easier, but can also increase your business's efficiency and productivity.
While your apprentice or trainee will receive valuable on-the-job training from your and/or your staff, they'll also be working towards a qualification with a registered training organisation. That means they'll receive training in the very latest skills and techniques in your industry and will bring that knowledge into your business, ensuring you and your staff keep up with the times.
Hiring an apprentice also provides financial value in other ways. Having a staff member who you've trained and developed from the ground-up means they'll be more invested in your business. Plus, according to research from the Australian Apprenticeships & Traineeships Information Service, over 55% of apprentices continue with their employer on completion of their apprenticeship, meaning less staff turnover and recruitment costs for you.
While the wages of apprentices and trainees are considerably less than more skilled workers, there are always going to be some additional costs when hiring new staff. However there are a range of government funding for apprentices that can make hiring an apprentice or trainee much more affordable.
Australian businesses who take on a new apprentice or trainee are now eligible for a 50 per cent wage subsidy thanks to the Federal Government's Boosting Apprenticeship Commencements program. From 5 October 2020 eligible employers can apply for a wage subsidy of up to $7,000 per quarter for the period up to 30 September 2021.
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The Australian Government also provides a range of incentives for Australian apprenticeships. Some incentives are available when an apprentice or trainee commences or completes their training. Others are dependent on your apprentice working towards a priority occupation or qualification on the national skills needs list. Additional incentives are also available to apprentices and trainees who are mature-aged, school-based, have a disability, or are from a rural or regional area.
The Australian Apprenticeships website has detailed information on the full range of employer incentives that are available.
If you're ready to hire an apprentice or trainee, you can get them ready for business in four easy steps.
Find out how TAFE Queensland can help get your apprentice ready for business.