As economies recalibrate from the shocks imposed by the COVID-19 pandemic, leaders in the public and private sectors are swiftly trying to reimagine how people should navigate the labour market, whether it is an apprenticeship, mid-level or corporate level management.

Among other things, the economic tumult has exposed a clear disconnect between higher education and workforce development. In this new age of precarity, consumers will need sure-fire means to acquire the skills necessary to become productive employees, while employers will require reliable information to compare and hire the right talent. 

This has motivated providers, non-profits, and policymakers alike to create new models and mechanisms that will increase trust and accountability between education providers and employers and allow consumers, employers, legislators, and investors to navigate the postsecondary marketplace with confidence.

The Education Quality Outcomes Standards Board (EQOS) has created a robust Quality Assurance Framework in order to address these key issues. By pioneering a universal, outcomes-based standards framework for postsecondary education and training programmes, EQOS is strengthening the connection between higher education and workforce development and empowering all stakeholders to make informed choices.

During 2020, EQOS launched a number of partnerships with innovative postsecondary providers to pilot the Quality Assurance Framework by collecting and reporting their student outcomes data. During 2020, EQOS launched a number of partnerships with innovative postsecondary providers to pilot the Quality Assurance Framework by collecting and reporting their student outcomes data. The framework provides a clear, consistent way to compare the results data of all kinds of postsecondary programmes. Having that data allows learners, states, employers, and others to identify and support the most successful programmes.

There is strong evidence that work-based learning helps to equip young people with the skills that can improve their employability and ease the transition from school to work. Onsite work and mentoring are the core of the training model that today’s entry-level workers need in order to build and sustain lifelong careers. Strategically designed apprenticeship programs aggregate, monitor, and streamline the changing inputs and relationships required to promote workers and pave paths of sustainable employment. University graduates have become unemployable in some countries, even while jobs go unfilled.

Businesses worldwide lack skilled workers, even as unemployment—particularly among the young—is high. Too few skilled workers means that projects sit idle and revenue growth falls short of potential. Therefore, an apprenticeship combined with on-the-job training programmes make good sense for companies that need middle-level skilled workers.

An apprenticeship that involves mentoring provides young people with the frame of reference they need to forge a sustainable path, including networks and training resources. Hybrid training, from one-on-one development to being on the job, bridges school and the world of work. Programmes keep individuals motivated and plugged into hiring employers.

Not only does an apprenticeship help equip a workforce with the practical skills and qualifications needed within an organisation, they can also contribute to the productivity, growth and overall success of a business. Here are four ways a business could benefit by getting on-board apprenticeship programmes:

Career-focused development

Apprenticeships provide a great opportunity for employers to develop, nurture and grow a more qualified workforce aligned to their future strategy. Using a combination of best practice, theory and on-site application, leadership and management capabilities within your business can be improved, so that your people will lead in new and improved ways.

Additionally, they also provide an effective way to ensure the future leaders and managers of your organisation develop the right skills to contribute to the growth and improvement of the business. After all, leadership and management are key to helping businesses achieve sustainability.

Greater innovation

Apprenticeships can help all types of business, big or small, across a range of sectors harness fresh new talent. As apprentices come from a range of diverse backgrounds, from aspiring managers to those with more experience under their belt, new innovative ideas and approaches are often brought to the business which help drive it forward.

Additionally, throughout an apprenticeship, individuals are encouraged to develop creative thinking skills and strategies, enabling them to think outside of the box. Leaders are responsible for the environment they create; they are the role models of the behaviours they want in their teams.

Therefore, it goes without saying that leadership and management development is a key driver in embedding a culture of innovation into an organisation.

Increased staff loyalty and retention

Investing in the development of employees can have a real positive impact on the morale of the workplace. Apprentices have an appetite for development, and when given that opportunity, they are likely to be more eager, motivated and loyal to the company.

This motivation and positivity from business leaders will cause a radiating effect amongst other employees, meaning the whole business will benefit as a result.

Additionally, offering existing staff the opportunity to develop through a leadership and management apprenticeship demonstrates that you are willing to invest in their future. This can help employees to see their job as a career and prolong their time at the company, increasing retention.

Improved bottom line

Developing staff through apprenticeship programmes can generate a real return on investment for many businesses. An apprenticeship is a great way to grow your team while keeping staff costs down, proving to be more cost effective than hiring skilled staff due to lower overall training and recruitment costs.

Additionally, as staff become better skilled and gain greater understanding of the wider business throughout the programme, confidence and independent thinking will develop. This can contribute to the generation of new ideas and suggestions such as improvements to business processes or strategies. Which, in turn can have a positive impact on productivity and efficiency in the business, thus reducing costs.

Given our current situation knowing that your colleagues or employees are best suited for this new scenario we find ourselves in. Finding the right talent, the best fit for the job and your organisation can be a very challenging task. It is now important to find out whether your managers or your team is well-equipped of working together from various locations. It requires deep knowledge of their personalities, strengths, weaknesses, interests, work style and other characteristics. Our technology and solutions will do the work for you, helping you discover if your people are resilient during times of hardship, if they are autonomous, if they are team players, without actual human contact. Given that our platform is cloud-based, everyone can use it from home as well. Humanity finds itself at a crossroad for various reasons now, why not help people discover and develop themselves from the comfort of their own homes?

Request a free demo:

Sources:

https://www.forbes.com/sites/gradsoflife/2021/04/06/tracking-outcomes-toward-better-apprenticeships/?sh=649293113252
https://www.gov.uk/government/news/building-back-better-with-apprenticeships
https://www.skillsforcare.org.uk/About/Blog/Article/Apprenticeships-a-valuable-approach-to-developing-your-workforce.aspx