Developing SME Value

Small and medium-sized enterprises (SMEs) are the backbone of most economies around the world. In fact, SMEs make up the majority of businesses in many countries, providing employment opportunities and contributing to economic growth. However, SMEs often face challenges when it comes to recruiting and retaining skilled workers. This is where apprentice training programs can play a crucial role in helping SMEs to overcome these challenges and develop a skilled workforce.

Apprenticeships are a form of on-the-job training that combines classroom learning with practical experience in a workplace setting. They typically last between one and four years, depending on the occupation and level of training. Apprenticeships can be a highly effective way for SMEs to develop and retain skilled workers, as they provide a structured and formal way to train employees while also offering the benefits of on-the-job experience.

One of the main advantages of apprentice training programs for SMEs is that they can help to address the skills gap. The skills gap is the difference between the skills that employers need and the skills that job seekers possess. This gap is a major challenge for many SMEs, as they often struggle to find workers with the necessary skills and experience to fill their open positions. By offering apprenticeships, SMEs can train their employees to develop the specific skills they need for their business.

Apprenticeship training programs can also help SMEs to increase employee retention. Employees who participate in apprenticeships are more likely to feel invested in their job and to remain with the company for a longer period of time. This is because apprenticeships provide employees with a clear career path and opportunities for growth and development within the company.

In addition to addressing the skills gap and increasing employee retention, apprentice training programs can also benefit SMEs by improving productivity and competitiveness. Apprenticeships can help to ensure that employees are able to perform their jobs more effectively, which can lead to increased productivity and better business outcomes. By developing a skilled workforce, SMEs can also compete more effectively with larger companies and better position themselves for growth and success.

Despite the many benefits of apprentice training programs for SMEs, many businesses are still hesitant to invest in these programs. This is often due to concerns about the cost and time commitment required for apprenticeships. However, there are many resources available to help SMEs establish and implement successful apprenticeship programs, including government funding and support, industry associations, and training providers.

In conclusion, apprentice training programs can be a valuable tool for SMEs to develop a skilled workforce, address the skills gap, increase employee retention, and improve productivity and competitiveness. By investing in apprenticeships, SMEs can position themselves for long-term success and contribute to the growth and development of their local communities and economies."


For further details of my ideas in this area, please click the link to download my DBA submission.

Dr Glyn Cartwright

Master - Worshipful Company of Marketors (2023)