Business employing apprentices and workers

Small Businesses ‘Realising the Benefit’ of Employing Apprentices

Small Businesses ‘Realising the Benefit’ of Employing Apprentices

UK employers are beginning to realise the benefits that apprentices can bring to their business, according to a report by the Association of Accounting Technicians (AAT) published today. The survey of 501 small business owners across all sectors found that 39% took on at least one new apprentice within the last 12 months, and while this figure drops to 16% when micro-businesses are considered, 43% of all small to medium sized companies retained their apprentice as full-time member of staff. The figures suggest that apprentices are becoming more of an attractive option for businesses with 25% of respondents having said that they plan to take on at least one apprentice over the next year. Despite the positive trend, concerns have been raised over possible barriers preventing businesses from ... »

UK National Minimum Wage Increases Today

UK National Minimum Wage Increases Today

The National Minimum Wage has increased to £6.70 an hour today (Oct 1) for all employees aged 22 and over – a 20 pence increase on the previous hourly rate of £6.50. Business employing apprentices and workers aged between 16 to 17 must also increase wages to a minimum of £3.30 and £3.87 an hour respectively. The news will be welcomed by workers, with an estimated 1.4 million employees set to experience a wage increase, however small and businesses have conveyed concerns that the higher rate will negatively affect cashflow. For more information on the National Minimum Wage and what it means for your small business, check out our guide here. »