Blog

Firms not confident furloughed staff will be retained

A recent survey has shown that only one third of businesses believe they will definitely retain all of their furloughed staff, with 18% suggesting they would not be doing so, ahead of the winding down of the government scheme.

This has already meant that there has been a large increase in the number of people feeling this is the time to take the plunge and start their own business. Some who just needed a slight push towards running their own business or simply some out of necessity.

This in turn has created a demand for many budding start-ups to seek professional advice. It is therefore especially important that the professional advice you seek genuinely comes from professional people that can truly say they have been there and handled the ups and downs of running their own business. The most common mistake many new start-ups make is not spending a bit of money on good advice which can save you a lot in the long term. At the beginning more than ever every penny counts!

Start-ups – Have you considered hiring an apprentice?

So, you have decided to start your own business, sought professional help with your plan and clearly need some support in your new venture. An apprentice could be the answer.

REMEMBER this is not an opportunity for you to employ a ‘goffer’. You really should have some experience in the industry you are starting your own business in. You are the teacher not the student as well. The apprentice is on a journey as well and needs to be motivated to learn every step of the way.

Here are some important steps to taking on an apprentice.

  1. Find an organisation that offers the right training for the apprenticeship in the industry you have chosen.
  2. Check what funding is available. Currently you can receive up to 95% help with their wages and they must receive the minimum wage.
  3. Advertise your apprenticeship – the training organisation you choose will do this for you.
  4. Select your apprentice and you can either write an apprenticeship agreement and commitment statement with them or alternatively you can use an apprenticeship training agency to run the apprenticeship scheme for you.

Apprenticeships must last for at least a year. They can however, last up to as long as 5 years depending on the level the apprentice is studying. For further help Contact the National Apprenticeship Service for more information or email us at enquiries@theiboss.co.uk for more information.