What is an Apprenticeship?
An apprenticeship is a mix of employment and off the job training to allow someone to gain new skills. Apprenticeships vary in their levels of complexity and how long they can take to complete.
What are the benefits of Apprenticeships?
Apprenticeships are a useful way ensure that employers have access to skilled workers for the future by recruiting new, or training existing staff. Apprenticeships increase staff loyalty and retention, and have even been found to improve business productivity and increase the bottom line.
Who can take an Apprenticeship?
Anyone that meets the entry requirements, regardless of their age or how qualified they already are, or even if they’ve already taken an apprenticeship provided that they are learning new skills.
What do Apprenticeships cost?
In addition to the cost of employing the apprentice, there are costs associated with their off the job training and assessments. These are agreed between the training provider and the employer. There is government funding available as a contribution towards the cost, see below ‘Who pays for Apprenticeships’.
What is the Apprenticeship Levy?
This is a levy imposed on employers whose payroll exceeds £3m. This tax is kept in a ‘levy pot’ and can ONLY be used for apprenticeship training. If employers don’t use this money within a certain timescale they will lose it. Many employers that pay the levy are using this money to upskill existing employees.