The new Retail Leader Apprenticeship Degree is the first initiative of its kind for the sector. The programme enables you to enhance your offer of a career in retail and recruit talented people who will see the industry as a career of choice.
Apprenticeship levy funds reinvested back into the industry
The degree can help you make the most of your apprenticeship levy funds. Over the four-year programme, you can claim back up to £22,000 of your levy funds per student. This means that at the end of the first year, £2.2 million of levy funds could be reinvested back into the industry.
Benefits for your organisation
Funded from your Apprenticeship Levy. If you are a large business, the cost of the Retail Leader Apprenticeship Degree is fully funded from your Apprenticeship Levy. If you are a smaller business, then 90% of the cost of the programme could be funded by the government.
Business relevant skills. Students develop the skills and knowledge directly relevant to your company.
Attracting and retaining higher calibre talent. A package of study and work will attract the most talented people to your organisation.
Business focused. A programme aimed at developing the skills you need, developed by employers in the retail sector.
Increased productivity. 78% of employers with apprentices report an improvement in productivity.
Progression.Develop the career aspirations of your highest performing employees, increasing retention and rewarding achievement.
Who is the programme for?
The apprenticeship degree is suited to individuals looking to begin or develop a career in a variety of positions including:
Head of department
Operations, area and regional manager.
How does it work?
Apprentices work full-time, while studying towards a BA degree, accredited at their preferred university.
Academic learning is integrated with practical on-the-job experience. A blended approach to learning combines face-to-face training with online learning, research and assessment activities. Apprentices can negotiate business projects with you so they can apply their learning directly to your organisation and its business context.
Areas of study
Students will learn about the following areas:
The retail landscape, now and in the future, looking at UK and global developments
Product life cycles
Retail innovation, and the digital challenge
Marketing and the customer
Supply chain management
Finance, data and management information
The impact of change on people.
Employees will develop strategic, technical, managerial and leadership retail skills including:
Demonstrating knowledge of the retail sector, and how to influence the whole retail journey: ‘cotton plant to coat-hanger or farm to fork’
Coaching and empowering teams to deliver first class retail performance
Delivering maximum profit through lowest possible cost delivery
How to increase spend per head and basket value
Identifying how to be better than competitors and grow market share
Ensuring high visual merchandising standards – in-store and / or online including inventory management through effective stock control and merchandising processes
Being responsible for a productive retail business – right product, right place, right time by the right people
Identifying ways to offer innovative customer service
Driving retail performance – sales and profitability
Understanding and responding to the needs of customers
Reviewing, analysing and making changes to the retail business
Driving retail KPIs including increase spend per head, visitor or traffic conversion and average order value (website sales).
Your obligations as an employer
You will need to sign an agreement with your chosen university, agreeing to support your member of staff throughout the programme.
You will play a vital role in ensuring that the apprentice is able to undertake the minimum 20% off-the-job training requirement of the apprenticeship. Therefore, you will be required to design a flexible work schedule, which allows time to study.
The apprentice must be a full time employee.
Apprentices will require a workplace mentor who will oversee their development and coordinate projects and learning with the university tutor.
Which universities are eligible to deliver the Retail Leader Apprenticeship Degree?
The following universities are eligible to deliver the apprenticeship degree:
If your preferred institution is not on this list, please contact your local or partner university and discuss whether they can deliver the Retail Leader Apprenticeship Degree.
Get in touch
For more information about how the Retail Leader Apprenticeship Degree can work for your business, please contact Amy Prendergast at [email protected]