Development of talent from within: By taking on a lab tech apprentice, a company can develop their own skilled and qualified employee who is trained to work in a way that is tailored to the company's specific needs. The apprentice can also bring new ideas and perspectives to the company, helping to drive innovation and growth.

Cost-effective solution for filling skill gaps: A lab tech apprentice can be a cost-effective solution for filling skill gaps in the company. Rather than hiring an experienced employee with a high salary expectation, a company can train and develop an apprentice at a lower cost. The apprentice can also learn on the job, gaining practical experience while studying for their qualifications. If your company pays into an apprenticeship levy, this fund will be wasted if not spent on the training costs for an apprentice. In most cases, the funds available in thelevy fund will completely cover the costs of a lab technician apprenticeship. If your company does not pay into a levy, the government will cover 95% of the costs associate with their training.

Improved retention rates: Apprenticeship programs have been shown to improve retention rates, with many apprentices staying on with their employer after completing their training. By investing in the development of an apprentice, a company can build a loyal and committed workforce that is invested in the long-term success of the company.

Increased diversity: Taking on an apprentice from a diverse background can bring a fresh perspective to the company and help to foster a more inclusive workplace culture. By actively seeking out and supporting apprentices from underrepresented groups, a company can benefit from a broader range of perspectives and experiences, which can lead to better decision-making and improved innovation.