Davies brought together many of the top employers within the insurance sector to discuss how to best prepare for peak season – which occurs around September/October and often sees a significant increase in the number of apprenticeship starts.
In September 2022 Davies observed an unprecedented number of disruptions, particularly due to the ongoing war for talent. Many apprentices accepted multiple offers from competing employers, leading to a scramble for the best candidates. Some changed their career direction entirely, and approximately 28% of candidates backed out even after accepting a job offer.
To help pave the way for a smoother recruitment process during the 2023 peak season, Davies arranged this webinar to discuss strategies and share best practices to help employers retain their investments in talent acquisition and apprenticeship programmes and ensure that top talent remains within the Insurance sector.
In the webinar, we discussed various strategies that employers can use to engage with apprentices and retain them after they have accepted a job offer. Here are some of the key strategies mentioned:
During the breakout rooms at the webinar, participants discussed their experiences and best practices around apprenticeship retention. The following four key themes emerged from the discussions:
Participants discussed the importance of adding value to the recruitment journey through webinars and skills training, regardless of whether applicants are successful. They also emphasised the value of implementing a buddy system to connect new apprentices with existing employees, ensuring line managers are active in welcoming new apprentices, and organising meetings or coffee catch ups.
To break the ice and help build new connections, providing a handbook containing short bios and hobbies of fellow apprentices was proposed. Equipping apprentices with buddies and mentors to share experiences and direct them towards helpful resources was also deemed essential.
The importance of maintaining a balance between consistent communication and not overwhelming apprentices with excessive information was stressed. Participants suggested that the period after final exams (but before September) is an ideal window to offer support for transitioning from education to the workplace. Providing personalised merchandise was also recommended to make apprentices feel valued and connected to the organisation.
Challenges related to diversity in recruitment and retention were discussed, and participants shared strategies to address them. Engaging with potential apprentices early in the process, showcasing career pathways and existing success stories, and adapting recruitment strategies to be current and appealing to the target audience, such as using social media platforms such as TikTok and Facebook, were suggested. Attendees also recommended fostering a warm relationship with prospective apprentices and engaging in friendly networking to build rapport between apprentices.
The importance of apprentices spending at least three days a week in the office was emphasised, allowing them to connect with the brand and their colleagues. Participants suggested offering small tasks or online treasure hunts related to the organisation or industry to keep apprentices engaged and familiarise them with their new roles. Lastly, maintaining regular contact with apprentices through phone calls, emails, or virtual sessions was seen as vital to strengthen their connection to the organisation.
As always, the Taskforce will continue focusing on various aspects of the apprenticeship experience and searching for new ways to enrich the process for all parties involved. We will be holding presentations in December to share recommendations from ongoing projects, such as Level 4 apprenticeships, digital-enabled learning, and alumni networking/mentoring.
Our next event will take place in July 2023 at our London office with guest speaker Jake Tween (DSW), where we will discuss end point assessments and share some tips and tricks for success. Spots are booking up fast so be sure to reserve your place!