Simon Tarr, chief executive of People 1st, said: “Research indicates that 80% of companies that invest in apprentices report an increase in staff retention, but that’s just the beginning – there is also compelling evidence that progressing your brightest and best talent can significantly boost the bottom line; typically an apprentice working in hospitality contributes up to an impressive £5,200.
“Across the industry we are faced with a number of challenges, not least a £274m annual retention bill and a dearth of managerial staff. Apprenticeships provide an excellent solution to this challenge and we encourage organisations to utilise the new standards to help them tackle retention.”
With the hospitality and tourism industries requiring a combined 229,000 skilled and managerial staff by 2022, People 1st is hailing the seven new hospitality apprenticeship standards.
People 1st is working in partnership with employers in showing how businesses large and small can access apprenticeships to drive themselves forward.
The charity can help them choose the right apprenticeship for their size and type and also provide concise and relevant information for those that choose to offer the new standards.
In addition People 1st can also recommend accredited training providers and share best practice from across the industry while helping employers to understand the government’s plans for apprenticeships and how they might impact a business.
Over the next six months, People 1st will be regularly updating an apprenticeship portal with all the relevant tools and information needed to start accessing the new apprenticeships.
Watch a video or view an infographic by clicking below.
Hospitality apprenticeships - Boost your bottom line in 2016 from People 1st on Vimeo.