Budget 2015: businesses back pay boost for apprentices
The government inspired pay boost for Britain’s apprentices has been given a warm reception by business leaders ahead of Budget 2015
Some of the UK’s key employers have given a warm reception to the pre-budget announcement that apprentices will see a 20 percent pay rise. The news, announced by Prime Minister David Cameron and Deputy PM Nick Clegg also included a proposal for the national minimum wage to increase to £6.70 per hour
Commenting on the announcement, Tim Roe, Managing Director, RatedPeople Home said:
“Apprenticeships are critical to ensuring we have right skills for our economy. They provide quality training and produce highly skilled workers that are in desperately short supply in the UK. The news of a wage increase for Britain’s apprentices will cement these training programmes as a serious, credible career path for the next generation of school leavers looking to become highly valued contributors to the British economy, and are welcomed.
"For too long many young people have been told that higher education is the only option for success. But thanks to the sharp rise in quality training programmes, more and more talented workers are becoming highly paid employees, and entrepreneurs meaning becoming an apprentice is finally being recognised as a prestigious career choice.
"Our research shows that many businesses would now prefer to hire an entry-level apprentice than a graduate, underlining the need for well-rounded employees who can learn on the job. With this in mind, British businesses should continue to invest in the next generation of quality apprenticeship schemes to enrich the workforce and energise the economy.”
Rebekah Wallis, Director, People & Corporate Responsibility at technology company Ricoh UK said:
“Giving trainees a pay boost is a vital incentive to encourage more young people to consider high quality apprenticeship schemes as a serious career option. Across the UK, many large businesses are already investing heavily in developing these schemes to attract ambitious new talent and create a well-rounded workforce with practical experience.
"This announcement will further enhance the reputation of Britain’s apprenticeship programmes as a rewarding, and credible career route for the next generation of young people. In response, businesses must expand placement programmes to meet demand for these exciting new opportunities.”
The news comes ahead of today’s budget 2015 announcement, where Chancellor George Osborne is set to announce a raft of new policies ahead of the general election.
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