These days, there are many study options available. The two most popular study routes when a student leaves school are university and apprenticeships – which both offer unique benefits depending on personal goals, learning preferences, and career aspirations.
However, while the UK is facing talent shortages across multiple sectors, apprenticeships have been shown to support the current skills shortage and be a positive way to boost an organisation’s performance, meaning that businesses should be doing more to attract talent and offer better opportunities for younger people.
Fabrication and extraction specialists Airmatic, who offer their own range of skilled apprenticeships and currently have four apprentices on board – which marks their highest number to date – wanted to take a look at why boosting application figures could be the needed answer to the ongoing skill shortages UK industries are facing.
Addressing The Skills Shortage
In 2023 The UK Trade Skills Index revealed that construction and trade vacancies are now at record highs, with over 940,000 recruits needed in construction and trades over the next 10 years.
Although there are still misconceptions around apprenticeships, 98% of businesses said that they carried additional benefits within their organisation, finding that apprenticeship holders outperform the wider labour market as a cost-effective labour resource all the while addressing skills shortages, increasing diversity, and delivering higher levels of productivity and staff retention.
Meeting A Growing Demand
Although we are finding that interest in apprenticeships is high, there are not enough vacancies being advertised to meet growing demand. From their latest 2023 application figures, UCAS highlighted that 40% of students interested in undergraduate study were also interested in apprenticeship options – a 180% increase since 2021.
In July 2023, the British government announced six ways that they were looking to widen access to apprenticeships – one of which was introducing more than 670 high-quality and degree apprenticeships in a wide range of sectors including nursing, engineering, law, science, and NHS medical courses.
Based on statistics provided by gov.uk, for the academic year of 22/23 the largest apprenticeship subjects of choice were in Health, Public Services & Care (~80,000), Business, Administration & Law (~75,000), Engineering & Manufacturing Technologies (~40,000), followed by Retail & Commercial Enterprise (~22,000), and Construction, Planning & the Built Environment (~20,000).
The Rise In Popularity
Younger people’s perceptions towards apprenticeships are changing. These programs are increasingly being recognised as an equally valuable option for career development, especially for those who are being drawn to the practical approach to learning, rather than the theoretical side of traditional undergraduate courses.
Since May 2015 there have been 3,157,480 apprenticeship starts, and although the 22/23 academic year saw a 4.6% drop from the previous year due to COVID-19 delays, apprenticeship achievements increased by 20.1% to 105,600 compared to 87,920 reported for the same period, demonstrating that that more apprentices are staying on and for longer periods of time.
Under 19s accounted for 24.8% of starts (68,290), which furthers why investment into younger people is important, as businesses have the opportunity to train someone to use their specific practices from scratch and mould them into their ideal candidate, encouraging progress and advancement in their field.
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