The funding of apprenticeship standards and framework in England changed in 2017.
Large employers with a payroll bill of £3 million or more must now pay the apprenticeship levy. They can then access this money along with a 10% monthly top-up to fund apprenticeship training and development. Click to find out more about the apprenticeship levy.
For SME businesses with a payroll bill of less than £3 million, things are different. The Government pays 90% of total apprenticeship costs, with employers contributing 10%.
For those businesses with less than 50 employees, the Government will fund 100% of apprenticeship training for young people who are 16-18 years old.
We can talk to you in more detail about financial support and the changes to how apprenticeships are funded.
Q&AHow can an apprenticeship benefit my business?
Did you know, more and more employers are discovering the benefits of employing apprentices?
You might be one of the many companies out there to discover that embracing apprenticeships could be one of the best things you do.
Apprentices can help tackle skill gaps, injecting new talent and fresh ideas into your business to support its future growth and success.
Many apprentices become highly qualified and can go on to rise through the ranks to management level. They can be a real asset to your company. Apprenticeships offer a great mix of on-the-job training and academic-based learning to ensure candidates have the skills and experience that are right for your business.
What’s more, an apprentice doesn’t have to be newly recruited because apprenticeships are also a fantastic way to develop and up-skill existing members of staff.Are there any changes to apprenticeships?
Yes! In 2014, the Government published the first new apprenticeship standards, which are replacing apprenticeship frameworks. These have been designed by employers for employers and they ensure that apprenticeships are even better placed to boost businesses’ success.
There are also changes to funding that are currently being introduced, including the new apprenticeship levy.
We can talk you through the changes so that you can understand how they apply to your business.How long does it take to complete an apprenticeship?
How long an apprenticeship takes to complete depends on the level of the apprenticeship, the ability of the apprentice and the industry sector. An intermediate Level 2 apprenticeship usually takes 12 to 18 months to complete, whereas an advanced Level 3 takes around 24 months.
Most intermediate apprenticeships (Level 2) take between 12-18 months to complete. Advanced apprenticeships (Level 3) usually take between 18-24 months and higher apprenticeships can take 2-4 years to complete.What are my responsibilities?
As an employer, you’ll need to:
- Employ an apprentice for a minimum of 30 hours a week.
- Pay at least the National Minimum Wage (NMW) for apprentices (for those under 19 or in their first year of an apprenticeship). The NMW rate that applies to the age of the apprentice applies thereafter.
- Induct the apprentice and support their on-the-job learning.
- Be involved in reviewing progress with the training provider.
Apprentices are entitled to the same benefits as everyone else in the workplace, such as sick pay entitlement, at least 20 days paid holiday a year, pension and statutory maternity/paternity leave.What about funding?
Looking for some financial support to allow you to take on an apprentice?
If you are under the threshold for the apprenticeship levy, you can apply for funding to cover the costs of an apprentice’s qualification and the amount you can get varies depending on their age.
We can talk to you in more detail about financial support and the changes to how apprenticeships are funded. Please give us a call or drop into one of our learning centres.Read More Q&A
Apprenticeships we deliver....
- Business Administration
- Customer Service
- Healthcare Support Services
- Performing Manufacturing Operations
- Team Leading and Supervisor
What's going on?
Accountancy Careers Fair
Tuesday 30th July 1pm – 4pm East Ayton Lodge, Moore Lane, East Ayton, YO13 9EW An ideal opportunity to promote your business to potential employees of the future, please bring along any marketing materials or company information you may have and if you can bring along a current or past Accountancy Apprentice that would be […]Read More