Small business owners may believe in the ethos behind apprenticeships, but many feel they lack the time, resources or knowhow to take on one themselves.
Research by the Federation of Small Businesses found recruitment, time management and facilitating the 20% requirement for off-the-job training have been the biggest challenges for SMEs.
But taking on an apprentice can also be an opportunity to address skills gaps, or diversify into a new area. And there are considerable cost-saving benefits: the government covers 95% of training costs and apprentices are paid a minimum of £4.15 an hour for their first year.
We spoke to three employers about the difference apprentices have made to their small business.
We’ve met rising demand
Charles Rickards and his wife Karina took over the south-west pottery company Cornishware in 2008, but it wasn’t until 2019 – as they repatriated their production process back to the UK – that
Bloomberg News senior writer Yalman Onaran was among the staffers laid off this week.
He joined the company in 1998, originally as the Turkey bureau chief.
Onaran is the author of the 2011 book called “Zombie Banks: How Broken Banks and Debtor Nations are Crippling the Global Economy,” published by John Wiley and Bloomberg Press.
He also covered Wall Street investment banks and was a senior writer at Bloomberg Markets magazine. He’s been a senior writer since 2010, writing about investment banks, international and domestic financial regulation.
Before Bloomberg, Onaran worked for the Associated Press and the Committee to Protect Journalists.