A recent study found that 92% of employers are willing to pay more than the typical apprenticeship wage
New research by apprenticeship provider Positive Outcomes found that 92% of employers are willing to pay more than the typical apprenticeship wage, provided they’re matched with the right candidate.
In a previous study by Positive Outcomes, conducted earlier in 2016 and polling 227 young adults, results suggested that 88% of respondents were put off an apprenticeship due to wages being too low.
Ryan Longmate, managing director of Positive Outcomes, said: “The combined research findings have certainly thrown up an interesting suggestion. That, despite young people thinking otherwise, employers are open minded when it comes to pay and that, should the right candidate come along, they’re willing to pay more than the standard wage.”
The study also questioned employers about the wages they were likely to pay should they offer a full time position to a former apprentice who had completed an apprenticeship scheme with them. 25% stated they would pay between £12,000 and £13,999. 24% said they would pay between £14,000 and £15,999, whilst 11% said they would pay between £16,000 and £17,999. When combined, those figures suggest that 60% of post apprenticeship employers would pay between £12,000 and £18,000 as a starting salary for an apprenticeship qualified employee.
Longmate added: “The minimum wage for 18-20 year olds per hour in the UK is £5.30. When taken as an annual salary, based on a 37.5 hour week, this equates to around £10,300 per year. Our research suggests then that the vast majority of employers are willing to pay considerably more than that for an apprenticeship qualified employee.
“The benefits of an apprenticeship are many, but a key element is that you’re being paid to learn, rather than paying to learn. Even if an employer doesn’t wish to pay more than the standard rate during the course of your apprenticeship, you’re getting an internationally recognised qualification whilst earning money as opposed to accumulating debt, making an apprenticeship a great option for a young adult to consider.
“It just goes to show that completing an apprenticeship is an excellent way to take several steps up the career ladder at a very young age.”