Evidence shows that companies are giving greater priority to investing in apprenticeship programmes than recruiting graduates to gain specialist skills for the future.
Almost three-quarters of companies (72%) are planning to recruit apprentices compared to 66% in 2014. But, by contrast, the number now planning to recruit graduates has fallen to 34% compared to 66% in 2014.
That’s according to the latest survey published by EEF, which shows a clear shift in the direction employers are looking to ensure they have the specialist skills they will need in the future.
As a result, Britain’s manufacturers are now urging universities to cast their net much wider to include vocational learners rather than prioritising academic pupils.
According to EEF, the data highlights the vital need to meet skills shortages at craft and technician level, as well as bring fresh young talent into the sector. This is partly driven by a rapidly ageing workforce with a significant number of employees expected to retire in the coming years.
Furthermore, with companies still planning to expand despite the economic and political uncertainty they are increasingly looking to recruit employees with transferable skills from other industries and sectors to plug hard to fill roles.
Verity Davidge, EEF’s head of education & skills policy, commented: “With a lack of technical skills continuing to drive recruitment problems, apprenticeships are firmly in the spotlight to fix this challenge.
“Offering the perfect mix of technical knowledge, skills and training, apprenticeship programmes are ticking all the right boxes for manufacturers. As a result we are seeing these numbers take off, while graduate programmes are on a downward descent.
“Universities and the wider higher education sector need to be alive to these trends as more and more employers and young people are now opting for vocational pathways that can offer a degree qualification at the end.”
The need to bring fresh young talent into manufacturing is highlighted by the fact four-fifths of companies say the average age of their workforce is 41 or older, while almost half of companies expect between 11% – 20% of their workforce to retire in the next decade.
Furthermore, with almost four-fifths of vacancies (38%) considered hard to fill in manufacturing employers are increasing their recruitment of people with transferable skills from other industries and sectors.
This has increased from just over a third (36%) back in 2014 to almost half (48%).