Do you currently provide apprenticeships or mentorships in your company? Or are you considering adding them to your current positions?
They are great programs that can benefit your company, your current employees, and your future workers. They can provide job opportunities and support the local economy, among many other advantages.
Let’s explore why you should implement apprenticeships and mentorships in the workplace.
Train Workers on Skills You Need
For many industries, there is a shortage of talent with the skills and experience you need for open positions. Use mentorship and apprenticeship programs to train workers to develop the skills and knowledge you need.
Today, companies are looking for candidates with specific skill sets and experiences, except there are shortages of these – especially in science, technology, engineering, and math (STEM) fields.
Why not be proactive and create and develop workers who meet your hiring standards? Many individuals can get most of the way there, but need help getting the rest of the way.
Plus, many workers cannot afford to take on unpaid internships, and fulfill their financial obligations. This is unfortunate because many of these individuals will make ideal candidates but can’t afford further training, expensive education, or take on unpaid work. That’s why apprenticeships and mentorships are vital.
Large Hiring Pool
With the skills and experience, you’re looking for. After an apprenticeship or mentorship ends, you have a hiring pool of talent to choose from to fill open positions.
You already know how well these employees work and have already gone through the hiring process. This makes finding candidates much easier. You already know them.
Hiring a new employee can cost approximately $11,000. Save money by choosing from an easily available talent pool you created.
Related: Elements of a Strong Company Culture
Implement Company Culture
Many hiring managers have difficulty finding talent that will blend well with company culture. While a candidate may meet every qualification on your list, if they won’t mesh well with your business’s mission or their potential colleagues, you’re out of luck.
Company culture is one reason why employees are fired. That’s a high turnover rate that leads to huge hiring costs in the future.
Hiring workers who understand your organization’s culture, and who works well with the rest of your team is the best choice. And luckily you already have individuals to choose from.
Many companies don’t realize or think about the transformation that can happen in communities by offering mentorship and apprenticeship programs.
Harvard University is one example that’s creating change in its community by providing apprenticeships and mentorships in need-based communities.
You can make positive changes in a city’s economy, employ candidates who are interested in a particular field (e.g. STEM occupations), but who do not have the resources available.
Unfortunately, many companies will not hire these candidates because they lack the qualifications they’re seeking. Your business can become a leader in your industry by doing what your competitors are not.
Will you implement an apprenticeship or mentorship program within your business? Why or why not?