Apprentices can expect to earn an average of £4,000 more per annum than their non-apprentice counterparts, new research has revealed.
Analysis that included polling 30.5 million British people along with employers and employees has shown that those students completing apprenticeship programmes can expect to earn around £23,400 per year.
The report, entitled “Career Paths of Former Apprentices”, published by the Learning and Skills Network (LSN), is based on an analysis of labour market data and is funded by the Learning and Skills Council. It also shows that former apprentices in the 36 to 41 age group earn an average of just under £26,000 compared with just under £22,000 for the non-apprenticeship holders.
Jill Lanning, Director of Research with the LSN said: “People who complete an apprenticeship can look forward to a lucrative career, good prospects of promotion and an ongoing commitment from their employer”.
Further, 28% of former apprentices go on to hold management positions, and 15% are supervisors. Of those without apprenticeships, 25% are managers and 11% hold a supervisory role.
Apprenticeship-holders are also more likely to stay longer with their employers, with 61% staying for five years or more. Of those who haven”t completed an apprenticeship, 46% stay for the same length of time.
“Apprentices make loyal employees who understand the standards of work that their organisation expects. Employers value their apprentices and give them plenty of opportunities to develop their skills,” she added.
Stephen Gardner, Director of Apprenticeships at the LSC said: “Apprentices who complete their apprenticeship can go on to senior positions, whilst earning a good wage”.
“Employers who offer apprenticeships can create a highly skilled and loyal workforce, maximising productivity and saving on expensive recruitment”.
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