Companies all over the UK are developing their own in-house training facilities to accelerate recruitment and overcome the skills gap. It’s an expense that larger entities are obviously better-placed to afford.
When discussing the skills gap, almost all the emphasis is placed on how to bring new young talent into industry. Rarely do we talk about what companies should or should not do when it comes to looking after the talent they already have on board.
Twelve months on from the introduction of the Apprenticeship Levy and unfortunately the figures don’t make for a positive reading experience. Mike Rigby, head of Manufacturing, Transport and Logistics at Barclays, explains.
According to Women in Science and Engineering (WISE), women represent only 14% of engineering graduates in the UK; nevertheless, an increasing number of women are earning senior roles in manufacturing.
The Apprenticeship Levy was rolled out last spring with the stated intention of attracting three million apprentices into industry by 2020. To the dismay of all concerned, it has thrown the whole process into reverse.
The application of advanced analytics around your production, maintenance and supply chain could deliver annual business growth of between 4% - 10%; but achieving that means getting the basics right first.