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&AWhat are apprenticeships?
In short, apprenticeships are work-based training programmes that are used to develop new and existing employees – whether they’re in first-time positions or existing roles.
Apprenticeships are available to companies of all sizes and in all sectors. There are 1500 job roles covered by an apprenticeship so, whatever your business, there will be an agreed apprenticeship programme which lays out the knowledge and skills required.
Working with YH Training, you can develop an apprenticeship programme which meets the specific needs of your company.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.How do I recruit an apprentice?
By now you’re probably wondering how you go about recruiting an apprentice.
YH Training can sit down with you to discuss your options and the necessary next steps. We’ll help you decide what types of apprenticeship would work for your business and develop training to suit your needs.
We will then be able to assist you in recruiting a suitable apprentice.
Not only are apprenticeships are suitable for new recruits, but they can also be used to up-skill existing staff.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.How 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.Read More Q&A
Apprenticeships we deliver....
- Business Administration
- Customer Service
- Junior Estate Agent Apprenticeship Standard (Level 2)
- Lean Manufacturing Operative
- Team Leading and Supervisor
What's going on?
Apprenticeship Minimum Wage Increase
The apprenticeship minimum wage Like a regular job, an apprenticeship also receives a wage which is also governed by a national minimum wage. The current minimum apprenticeship wage increased (April 2021) to £4.30 per hour. However the minimum wage for an apprentice can also depend on your age and the length of the apprenticeship, for […]Read More