Financial services company Hargreaves Lansdown has launched a new apprenticeship scheme.
This marks the first time Hargreaves Lansdown has offered apprenticeships in technical areas such as IT and digital marketing, to reflect the shift in the business to digital and mobile, with more users than ever accessing the site through mobile devices.
According to a report by McKinsey, digitisation could increase revenues in the finance sector by four to 12%, reinforcing the benefits of becoming digital.
The apprenticeship scheme is just one segment of their five tier youth training programme, which also includes a graduate scheme, an industrial placement scheme, work experience scheme and a summer intern scheme.
Speaking to HR Grapevine, Chris Worle, Digital Strategy Director at Hargreaves Landsdown, discusses the importance of investing in future talent to keep up with the shift in industry: “This new opportunity puts apprentices at the heart of the growth areas of our business. We want to continue expanding our IT and digital capabilities aggressively and I hope apprenticeships will be a valuable way to help us achieve that.
“The financial services industry is changing fast; we’ve seen a big shift in the adoption of mobile in recent years. HL Live, our smartphone and iPad app, has now been downloaded over 400,000 times. This fundamental shift creates opportunity but it is only companies with the right people – those with the ability to drive and deliver change – and resources, who will successfully capitalise on the changing market.
“Hargreaves Lansdown is well positioned to take advantage of the structural opportunity for growth in the savings and investments market, including the pension freedoms and the launch of the Lifetime ISA in April next year.”