The minimum wage for an apprentice currently stands at £3.70 an hour. This might seem like a tempting way to save money on a new hire, but if you are looking for someone who is going to remain loyal and stay on after finishing their apprenticeship, we strongly recommend paying more than this.
We’ve found that when it comes to filling our apprenticeship vacancies quickly, wage is a huge contributing factor. Put simply, we receive a higher number of applicants to roles with a higher wage.
We’d recommend a wage upwards of £4.75 per hour for 16-18 year old apprentices. For drivers or 19+ apprentices, we’d recommend around the £5.75 mark.
By offering this slightly higher wage, employers can still make a saving against national minimum wage, but at the same time, they can make their new apprentice feel valued. It’s no secret that staff who feel valued are more likely to stick around.
It also means that employers are able to attract a higher quality of candidate that might otherwise be discouraged by a low wage.
For a young apprentice, getting paid a decent wage is obviously beneficial, as it can provide their first taste of their own income, and put them in a better position financially compared to their peers who choose the university route.
For an older apprentice, accepting a role paid at the apprentice minimum wage may not be a viable option. When you take into account housing and family expenses, it’s easy to see why the apprentice minimum wage is not an attractive offer.
We don’t want to limit anyone from finding their perfect apprenticeship opportunity, and our employers play an important part in this.
If you’re considering taking on a new apprentice, you can find out more here.