Apprenticeship Levy - Are you making the most of it?
- Date: Monday 24th July 2017
- PDF: Download
Since the introduction of the Apprenticeship Levy in April this year, 54% of paying organisations have already implemented initiatives to make use of their funding pot.
However, one in five UK employers report they still don’t really know how it works and non-paying organisations in particular are at risk of missing out, especially on higher-level training opportunities.
Funding for non-paying employers can be up to 90% of the apprenticeship cost, depending on funding guidelines.
The government also offer up to 100% sponsorship (subject to funding guidelines) for small employers with less than 50 employees, if the apprentice is:
- aged between 16 and 18 years old (or 15 years old if the apprentice’s 16th birthday is between the last Friday of June and 31 August)
- aged between 19 and 24 years old and either has:
o an education, health and care plan provided by the local authority, or
o has been in the care of the local authority as defined in paragraph 72
Please follow this link to learn more about apprenticeship options and funding levels available:
What to consider:
If you have never employed an apprentice, now is the best time to do it! Apprenticeships come with many benefits, such as:
- Being able to ‘grow your own’ and developing individuals from within.
- Most apprentices stick around after their training so skilled trades in particular see a huge benefit in supporting the next generation on their path into industry.
- Upskilling your existing staff by assigning mentors. Long term employees in particular benefit from the added responsibility of passing on their knowledge and report a boost in morale in the vast majority of cases.
- Gaining a fresh pair of eyes - because sometimes the way we do things is not the best way to do things…
Don’t, however, think of Apprentices as cheap labour!
- Apprentices don’t usually come with much workplace experience so the initial settling-in period can sometimes be a little tricky.
- Put aside time to catch up, particularly if you don’t have an assigned mentor within your team. Apprentices need guidance and advice and can’t just be thrown in the deep end.
- Communication with your training provider is important and sometimes provider quality can be hit and miss. Speak to your peers, trading association or the apprenticeship service for recommendations and don’t be afraid to challenge the provider if you’re unhappy.
Ready to jump?
Get started here: https://www.getingofar.gov.uk/ or call the National Apprenticeship Service on 0800 0150 600