With the increasing complexity of modern vehicles, the tasks technicians and mechanics have ahead will also increase in complexity. IMI apprenticeships offer in-depth training with up-to-date knowledge to ensure new systems can be tackled by mechanics.
In three years’ time, today’s new vehicles will be fixed by your customers and with the increasing sales of new vehicles; there will be a lot of work to do. If garages don’t embrace the rapid advancement of new technology, the possibility to maintain and repair new vehicles will suffer. In order to satisfy the ever-increasing demand of modern motorists, new training schemes and technical workshops are becoming vital. Apprenticeships are often overlooked by garages when nowadays they are needed more than ever. To help your customers stay in business, acknowledging the importance of apprenticeships is crucial. Red tape, along with the amount of time spent in training and the uncertainty of the financial year, can make them seem like an unattractive investment. Research undertaken by the Institute of the Motor’s Industry (IMI), however indicates that apprenticeships should definitely be considered. The IMI say that when asking whether taking on an apprentice is a good thing for your business, the answer is an emphatic “yes”.
Overwhelmingly, the independently-verified results show that there is a financial return to the business offering the apprenticeship.
The graph reveals how for a micro business, the small financial cost which continues into the first quarter of the second year, is completely recovered before the second year is out.
Other benefits include:
• Typically generating on average 300% in 3 years
• Profit often received within 18-24 months
• Offering up-to-date knowledge on the latest technologies and complex repair/maintenance work
• Fully-qualified technicians improve in productivity by 10%-25%
Encouraging the Right Person
Through encouraging staff, garages will ultimately have better and more productive technicians, which can offer a more satisfying service and an improved customer experience. Knowing about the latest technology ultimately opens up more work opportunities.
The IMI Research
The IMI secured funding from the UK Commission for Employment and Skills (UKCES) to conduct the study on the Return On Investment (ROI) of apprentices. The research was conducted using a cross section of businesses (from micro-independent garages to franchise dealers), across the whole of the UK. Productivity data was received from 30 apprentices over a two year period.*
What You Can Do?
Today’s apprentices are your future customers. So help break the myth of apprenticeships and encourage garages to take on and train eager, new technicians.
Feel free to pass this article along to someone who may benefit from knowing the good business sense of staff training.
For further information about the study visit www.theimi.org.uk/return-investing-apprenticeships or the F: Drive, where it’s possible to download a copy of this article.