Posts Tagged ‘apprenticeship levy’

The Apprenticeship Levy FAQ’s – Resolved

For your benefit we have highlighted some of the common misconceptions held by businesses regarding the Apprenticeship Levy. This is aimed at helping employers gain a better understanding of what is to come.

Must apprentices be new starters?

This is untrue. The funding you may claim can be used to up-skill existing staff via an apprenticeship. It is up to you, the employer, whether you would like to hire new, less-experienced team members or simply fund further development within your existing workforce. It allows you to either train the a potential employee to suit your business needs or help an existing employee climb up the ladder of their career, becoming more qualified and more capable of a higher level role. We have apprenticeship courses from NVQ’s to Degree level Higher Apprenticeships.

Must apprentices be aged between 16 and 25 years old?

This is not the case. Most apprentices in employment are aged between 16 and 25 years, however the Apprenticeship Levy funding does not restrict you to employee and apprentice within this age category. In reality, the funding allows you to train anyone over the age of 16 – with no upper age limit.

Are university graduates favoured by employers?

This is false as an apprentice can be any person, from any background with any previous qualifications. It is common for apprentices to have had a change in their career or looking for a new field to develop their skills in. They may have graduated recently, they may have achieved their last qualification years ago, it simply doesn’t matter. Your current staff know current procedures and have previous experience and background knowledge within your industry and will potentially be more effective than hiring a new inexperienced employee.

Are apprenticeship programmes costly?

No matter what the circumstances, if you are a large employer (exceeding a £3m PAYE bill) you will have to pay the compulsory levy equivalent of 0.5%. The options are doing nothing about it, or claim back the funding through training new employees or up-skilling your existing workforce. Apprenticeships are a comprehensive, long-term training solution which has enormous benefits to your business and you will have already paid for it through the levy, therefore no additional payments are required depending on the scope of your programme. Additionally, the government are willing to provide a 10% bonus on all funds that are applied to your apprenticeship service account. This means that for each £1 deposit into the account, you have £1.10 to spend for enhancing your workforce.

This is just a few of the many common misconceptions regarding the Apprenticeship Levy. To make sure you are clear on the implications of the levy and your funding opportunities, speak with our expert team today on 0330 088 9596 or use our contact form on www.geasontraining.co.uk.

Let us help you.