HSBC announced on Friday (1 April 2011) that it is set to join the government's Apprenticeship scheme which will initially provide nationally recognised qualifications to around 1,000 of its employees.
The government is actively encouraging financial and professional services firms to set up such schemes. Apprenticeships should prove attractive to people who haven't had the benefit of a university education including school leavers who want to follow a profession and gain qualifications but do not want to go to university.
Although HSBC will pitch its scheme at a higher level than the basic government Apprenticeship scheme, it will be aimed at non-graduate employees, thereby giving those successful staff an equivalent qualification that could be achieved through further education. It is anticipated that a quarter of the apprentices on the pilot will come from staff newly recruited to the bank and that the qualification will take, on average, around 18 months to complete.
For the full story visit HSBC Support Apprenticeships
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