Employers need more help in understanding The Apprenticeship Levy
Apprenticeships reached a record high in 2015 with over 871,000 new Apprentices throughout the UK, according to the lasted governmental statistics, with nearly three quarters were concentrated into three sectors: Business, Administration & law and Commerce enterprise.
In 2015 the UK Government announced plans to introduce a whole new scheme with regards to Apprenticeships in a bad to fund Apprenticeships and create 3 million more apprentices by 2020. The Apprenticeship Levy promises to have a significant impact on the existing Apprenticeship landscape. As the Levy is being introduced in 2017, HR and finance companies are pushing it to the top of their agenda as they try to calculate the return on investment and the financial outcome it will leave them with.
Within the 20,000 Companies falling under the Apprenticeship Levy’s influence, several of the businesses have welcomed the scheme with open arms as a tool for incorporating Apprentices into their business plan. Whilst the Levy has been hugely beneficial in terms of Apprenticeship awareness, several teething issues need to be addressed in terms of the incorporation of UK Businesses and young Apprentice candidates.
A common question from employers that strikes at the heart of this concern is a really simple one, but potentially challenging to answer. “How do I select the right training provider?” Ensuring that this question is asked and answered effectively will be critical to the quality of Apprenticeships in the future.
The right relationship with the right Training provider will help make sure that Training delivered through Apprenticeships is relevant, high quality and underpins the individual employer’s values and these are important factors for success. Strong and effective engagement with the right provider will ensure that the right candidate develops the right skills, in the right way. Essentially they are building the skills that are crucial to an organisation’s future success.
90% of Businesses with Apprentices claimed that having an Apprentice on the workforce added productivity, boost in energy and ultimately contributed to long-term growth.
Here at Estio we believe that The Apprenticeship Levy has the potential to deliver positive change to the UK’s vocational system. At best, it will deliver significant benefits to UK businesses. Whether the Levy is to address current skills gaps, produce a work force for the future, or even develop skills to support the growth of an entire sector, clarity about the objectives of any programme must be identified in order to ensure the correct recruitment and delivery decisions.