How will you benefit?
Out of those employers who have embraced apprenticeships, 75% have reported that they have improved the quality of their product or service.
All employers report a 76% improvement in workplace productivity.
Other apprenticeship benefits include:
- increasing employee satisfaction
- reducing staff turnover
- reducing recruitment costs
Who makes a great apprentice?
Anyone over the age of 16 and not in full-time education can apply for an apprenticeship, providing they spend at least 50% of their working hours in England throughout their apprenticeship.
Levels range from intermediate (equivalent to 5 GCSE passes) right up to degree level.
As an employer, you could offer apprenticeships to new entrants or use them to grow talent among your current employees.
How do apprenticeships work?
Apprentices spend around 80% of their time learning ‘on-the-job’.
The remaining 20% (or more) is spent doing off-the-job training, such as shadowing, mentoring, industry visits and attending competitions.
You can choose how this training is delivered, which might include regular day release, block release and workshops.
How much an apprenticeship costs your business
- If you’re an employer with a pay bill over £3 million a year, you automatically pay the apprenticeship levy.
- If your pay bill is less than £3 million a year will not need to pay the levy however you the government will ask you to make a 10% cash contribution towards training and assessment costs.
If you have fewer than 50 employees…
The following incentives are available for employers with fewer than 50 employees:
- no need to pay National Insurance Contributions for apprentices under the age of 25 earning below the higher tax rate of £827 a week (£43,000 a year)
- £1,000 when you train a 16-to-18 year-old
- £1,000 payment when you train a 19- to 24-year-old who has previously been in care or who has a local authority education, health and care plan
The Government's apprenticeship service
The government’s apprenticeship service lets you plan and manage your apprenticeship programme in terms of working out costs, choosing a training provider, recruiting and, for levy-paying employers, overseeing your account.
Contact B&FC for Business for a chat about how apprenticeships can help upskill your team or bring new talent into your organisation.