How can employers make the most of the apprenticeship levy?
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Here are our top 5 tips to ensure you make the most of it:
1. Establish your business needs
By being proactive and identifying areas in an organisation where training is most needed, employers will have the opportunity to ensure that the apprenticeship levy works in favour of their organisation. This involves creating a successful training programme with a clear understanding of how an apprentice will benefit their business in the short and long term.
2. Calucate what your levy payments will be
The apprenticeship levy is charged at 0.5% of your annual pay bill. For more information on how to calucate this visit the goverment website.
3. Find the right training provider
Once you have defined a clear rationale for your training programme within your organisation, your next step will be to choose the appropriate training provider. Take the time to research providers, their specialisms, whether they have worked on similar programmes and what outcomes they have achieved is crucial.
4. Run a pilot scheme
If you do not already deliver apprenticeships, now is the time to start a pilot scheme. This will enable organisations to test the programme and gain useful insight before it is rolled out.
5. Take an active role in apprentice recruitment at Skills London 2017
Skills London 2017 is a perfect opportunity to promote your apprenticeship opportunities. With over 32,000 young people coming through the doors, Skills London 2017 provides face to face access to the target audience.