Upskilling Your Current Team With A Legal, Payroll, and Accounting Apprenticeship
Are you looking to build your financial team but unsure how to proceed?
Utilising your current team is a great way to empower them while enhancing the collective skill set of existing members.
In the fast-paced financial world, your employees must constantly develop new skills to stay up-to-date with the latest tools and software.
According to a study by Willis Towers Watson, 70% of “high-retention-risk” employees want to leave because they see no future advancement in their current job”, so to ensure the happiness of your employees, it’s critical that they feel valued and have clear career progression goals.
Apprenticeships provide your employees with the opportunity to adapt to new technologies and use them to their fullest potential.
The best part?
The training need not be prohibitively expensive. Instead of hiring new staff, focus on upskilling your existing employees. Investing in staff development is one of the most effective strategies for business growth. By providing opportunities for professional qualifications, businesses not only enhance their workforce’s skills but also drive growth and innovation.
Expanding Apprenticeships Beyond School Leavers
Apprenticeships are often seen as a pathway for school leavers to start their vocational careers, but at Skills North East, we believe they offer far more than that. While apprenticeships are indeed a fantastic way to bring in fresh talent, it’s less known that they can also be an invaluable tool for upskilling existing employees—regardless of their age.
In fact, there’s no upper age limit, and this option is growing in popularity. Government data shows that 48% of the apprenticeships started in 2022/23 were by people aged 25 and over!
The Benefits of Upskilling Your Current Team
By offering apprenticeships to your current staff, you’re not just filling existing skills gaps; you’re investing in the future of your business.
Upskilling in specialised areas like legal, accounting, and finance can help retain your top talent by providing them with the training and qualifications needed to grow within your company. Employees who already understand your business and its culture are ideally positioned to benefit from further development, making them more capable and engaged and, ultimately, more likely to stay with you.
Apprenticeships show your commitment to your employees’ potential and career growth, helping them progress without the burden of student debt while simultaneously future-proofing your business by keeping skills current and relevant.
Flexible and Inclusive Opportunities
Apprenticeships are flexible and inclusive, open to anyone over 16, and suitable for those looking to change careers or advance in their current roles. Even employees with prior experience bring valuable transferable skills to their apprenticeship, enriching the learning environment for everyone involved.
While not all employees may be eligible for every apprenticeship program, particularly if they already hold relevant qualifications, those with degrees in different fields can still take advantage of higher-level apprenticeships.
Funding and Financial Considerations
Funding options are available whether you’re a large employer paying the apprenticeship levy or a smaller business, making it a viable option for upskilling your team without significant financial burden.
At Skills North East, we specialize in providing apprenticeships in legal, accounting, and finance, equipping your workforce with the expertise they need to excel and helping your business thrive in an increasingly competitive landscape.
Get Started Today
Ready to invest in your team’s future? Contact Skills North East to explore how our apprenticeships in legal, accounting, and finance can benefit your organisation and employees. Let’s work together to elevate your workforce and drive your business forward. Reach out to us now to learn more and get started on the path to growth and success.
