The Finance and Leasing Association (FLA) has promoted its motor finance apprenticeship standard through its network of industry contacts as part of National Apprenticeship Week (March 4 to 8).
The Government-approved Level 3 apprenticeship standard was launched in 2018, and can be tailored to help both lenders and retailers to employ motor finance specialist apprentices.
In an industry where over 90% of private new car purchases are made using motor finance, an apprenticeship scheme is an ideal way for employers to ensure that their staff acquire the necessary skills and knowledge to advise on the regulated consumer credit products in this market.
Setting up the apprenticeship programme is easy and quick – just contact the training provider through the FLA’s website, decide if you want them to tailor certain modules in the apprenticeship standard to suit your business, then let the trainer get on with advertising the apprenticeship roles, screening the applicants and presenting you with a panel of credible candidates to interview for your positions.
FLA’s head of motor finance, Adrian Dally (pictured), said: “For those recruiting into the motor finance industry, the Apprenticeship programme is an ideal way to ensure you are getting the right candidates with the right skills.
"It has been designed specifically for the motor finance industry, and setting it up is easy, quick and extremely cost effective.
“The initial feedback from businesses who’ve enrolled is very encouraging, and we look forward to continued success with the scheme in the years ahead.”