Apprentices vs. Graduates? Who should employers hire for their business?
Graduates and apprentices come from very different backgrounds and have taken different routes to employment – but which group is best suited for your business?
If you're a levy-paying employer, hiring an apprentice is the cost-effective and clear answer. You can use your funds to pay for their training and shape them into your ideal team member without the high recruitment fees.
Even if you’re not a levy-paying employer, you will only need to pay a maximum of 5% of each apprentice’s training costs – as the government will fund the remaining 95%.
Graduates have already completed their academic training, but they can expect higher wages and don't have any experience of the workplace. This means they may still need some vocational training before they can do the job.