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The disruption to the UK skills market is unprecedented so attracting and retaining the right talent has never been more important. Technology is changing the way we work, the prospect of Brexit is increasing competition for talent and shifts in the employment model are driving organisations to review their learning and development strategy.
Your people partner: co-creating solutions that work for you
Talent and skills investment is an effective way to secure the loyalty of your people and attract in-demand talent. People with specialist technical skills are necessary for the workplace of the future to develop and manage technologies that help the business function. But it also needs people who think creatively, show empathy, work collaboratively and adapt quickly to change.
The Apprenticeship Levy represents an untapped opportunity in this battle for talent. Supporting over 2,000 organisations to optimise their Levy funding we share insight and expertise to help you understand your position, the financial implications and possible opportunities of the Levy. We also combine our commercial insight, technical expertise and first-hand experience to think about skills differently and work with you to identify the skills needed to future-proof your people and business.
- Skills development programmes covering leadership, management and finance training for all levels within your organisation. We have partnered with high quality business schools and specialist providers to co-design and co-deliver development programmes that are grounded in world-class theory, market leading insights and practical application to deliver immediate impact in the workplace. Where applicable, funding is available through the Apprenticeship Levy, benefiting from little or no additional costs.
- Leadership and management programmes applying market insight and commercial experience, we offer a suite of programmes that respond to the needs of the modern and dynamic individual to drive sustainable growth.
- Finance function training combining exemplar learning resources from Babington and commercial insight and one-to-one support from our professional team. Designed for all levels in the finance function – from people starting out in their finance careers through to people looking to become senior finance leaders.
- Apprenticeship Levy advisory including compliance, talent mapping, workforce cost management, mobilisation and financial modelling
- Skills gap assessments to analyse current and future requirements. Skills and resourcing dynamics can also be mapped to available apprenticeship routes for funded development
- Learning and development design and delivery to ensure alignment between your business growth ambitions and people strategy
- Renewing your employee value proposition to review your total end-to-end offer you provide to your people
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What is the Apprenticeship Levy?
Introduced in April 2017, the Apprenticeship Levy is a payroll tax on employers and an additional cost to your organisation - you pay a 0.5% levy if your annual pay bill is over £3 million per annum. The payable amount and additional funding are available to you via a digital account to invest in apprenticeship training and assessment costs. The Levy funds are available to grow and upskill existing employees as well as new recruits.
As an incentive to invest in apprenticeship training, government provides a 10% top-up on your payment each month, meaning you can get more out than you put in. Plus, if you spend more than your available Levy funds, the government will cover 90% of the additional cost in return for a 10% employer contribution, within the approved funding band for each apprenticeship.
Notable aspects of the wider apprenticeship reforms include:
- apprentices can be of any working age and there are no restrictions
- eligible roles include for new hires, ‘returnships’ or existing employees
Apprenticeships go all the way up to Level 7 qualifications (equivalent to a master’s degree level),including recognised degree, master’s degree and professional qualifications