There are many reasons why your practice could benefit from hiring an apprentice.
Apprenticeships are set to play an increasingly important role in addressing the UK’s skills shortage, upskilling staff and lessening the pressure to attract new talent to enter employment directly rather than following university education.
Why consider apprenticeships?
Our apprenticeships can help feed your talent pipeline, and bring millennials into the workplaces that tend to be more digitally savvy, thereby supporting the existing workforce.
Our Generation Next research has shown us that to retain talent, businesses and organisations should think about providing flexible opportunities to learn new skills and, if possible, clear paths for progression. Apprenticeships offer that flexibility.
Since launching ACCA’s Level 4 Accounting Technician apprenticeship, we’re advising employers large and small to invest in apprenticeship programmes.
Apprenticeships make hiring simpler and cheaper. They’re not just for new hires, as there’s no upper age limit they can also be used to train and develop current staff. This can help with staff retention and, with ACCA Pathways, drive the acquisition of highly skilled accountants, up to chartered certified status.
They’ll be taught the optimal combination of professional competencies: a collection of technical knowledge, skills and abilities, combined with interpersonal behaviours and qualities so they can add value for their employers by becoming forward-thinking accountants
Many smaller practices and businesses are likely to be outside of the apprenticeship levy payments – but you will be able to benefit from government co-investment of up to 90% as a way to grow the team and business without the high costs of training – providing you with new opportunities to develop new and existing talent with skills tailored to your business needs.
Following the successful launch of the ACCA Level 4 Accounting Technician Apprenticeship, the government has recently approved the Level 7 Professional Accountant standard and assessment plan. We are pleased to confirm the ACCA qualification meets the standards set.
Once the funding band has been agreed by the government, we will be able to announce a date to take registrations for the ACCA Level 7 Professional Accountant Apprenticeship.