As an employer, you will be required to make an investment in Apprenticeships, from which you can benefit by training existing employees or recruiting new staff and bringing those all-important higher level professional and technical skills into your business.
The Government will pay 90% of the cost of the Apprenticeship training and assessment for apprentices of any age.
From May 2017, employers will be able to use their Apprenticeship Levy contributions towards the cost of the Apprenticeship using their digital account. We will agree the cost to your business up front.
Small businesses (less than 50 employees) hiring an apprentice under the age of 19 years when the Apprenticeship starts will pay no tuition fee at all.
All businesses employing an apprentice under 19 years of age, a care leaver up to 24 years of age or an adult with additional needs will qualify for an extra support payment of £1,000.
Apprentices are full time employees and will be entitled to a wage and paid time off to study. Employers do not have to pay Class 1 National Insurance for the apprentices under the age of 25. Those aged 16-19 in the first year of their Apprenticeship must receive at least the minimum Apprenticeship wage, some employers pay significantly more than this rate, and there are examples of both Higher and Degree Apprenticeships offering salaries between £16,000 and £24,000 per year.
Need advice? Get in touch
We can help you to plan your Apprenticeship programme and develop your workforce through our range of Higher and Degree Apprenticeships.
Whether you are a Levy paying employer or not, get in touch with us at the Apprenticeship Hub for further guidance.