IMI CEO calls for 70% pay increase for apprentices
Motor industry professional body IMI has called on employers to consider increasing the starting salary for apprentices by more than 70 per cent to compete with academic career paths. Steve Nash, CEO of the Institute of the Motor Industry, will explain that return on investment research demonstrates that most companies could increase starting salaries from the legal minimum set by Government of £2.73 to £4.73 per hour without loss of profitability. The IMI has launched an “apprentice calculator” to help demonstrated its point to businesses.