Information for Employers
On 6th April 2017, the UK Government introduced the Apprenticeship Levy, a 0.5% tax on all organisations with a PAYE bill over £3m per annum. Organisations affected by the tax make monthly payments into a digital account where their money sits as credits. These credits expire after 24 months but are earmarked to pay for training courses for new and existing members of staff. For smaller employers who do not attract the Apprenticeship Levy, the cost of course fees is shared between government (90%) and employers (10%).
Eligible training courses are labelled “Apprenticeship Standards.” These documents outline occupational specific knowledge, skills and behaviours akin to a job description. 540 Apprenticeship Standards have been published ranging from level 2 (GCSE equivalent) right the way up to Level 7 (Masters).
As a Russell Group Higher Education Provider, Queen Mary University of London only delivers Degree Apprenticeships at Levels 6 & 7 (Undergraduate and Postgraduate Level). 117 Degree Apprenticeships have been approved/ are currently in-development.
Benefits of taking on an Apprentice
Apprenticeship schemes are an asset to organisations when they add value beyond the mere bottom line. By positively affecting cultural change, a successful apprenticeship scheme can improve both productivity and competitiveness whilst at the same time improving staff morale and retention, the ability to attract good staff and the reputation of that organisation in its respective sector.
Best practice in apprenticeships can be summarised as the following:
- Apprenticeships that are embedded as part of a long-term strategy on workforce growth and skills development;
- Employers are clear about the role that apprentices play in the organisation and how they will be supported;
- Apprentices are supported by the existing workforce, senior management as well as line managers and trades unions;
- Apprenticeships are structured so as to provide ongoing support, pastoral care and mentoring throughout the placement;
- Apprenticeships are high-quality and tailored to the employer’s needs.
Expression of Interest
If you are interested in discussing Degree Apprenticeship opportunities within your organisation, please make contact with us via email@example.com.