With the Apprenticeship Levy having come into force this month, we thought we would share some key points about the Levy that you may not be clear about/aware of. These five points are the main queries that have popped up in our conversations with clients about the Levy and we hope they’ll clear up a few thing for you too…
In fact the greatest number of apprenticeships at the moment is amongst 19 year olds who are already in work. Whilst apprenticeships will contribute to some job creation, its main priority is to upskill the population.
Apprenticeships are typically associated with entry-level roles and young people. However apprenticeships today are suitable for employees of all ages and levels of experience. From developing your managers with Higher Apprenticeships (Level 4+) to having employees further their specialist knowledge with Post-graduate Apprenticeships (Level 7), the Levy aims to provide ring-fenced learning and development funds for all.
An apprenticeship is so much more than a training course and must be completed over minimum of 365 days. This number increases depending on the level of the apprenticeship. Apprenticeships are also available for those on a zero hour contract, providing the individual is regularly working between 16-30 hours per week. The duration of the apprenticeship is increased by the proportion relevant to the likely number of hours to be worked.
A few things the Levy CANNOT be used for (that you may not be aware of)
How are you feeling about the Apprenticeship Levy? Excited? Still uncertain? Let us know if you have any queries or concerns and we’ll help you out!
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