The way the Government funds Apprenticeships in England has changed. With the new Apprenticeship reforms in place, employers with a payroll in excess of £3million per year will have to pay an ‘Apprenticeship levy’. The changes will also bring about differences in the way Apprenticeship training is funded. With so many businesses in Plymouth and the wider area currently employing apprentices, this change will have a significant impact on the local business community.
Apprentices are assets to employers. Through an Apprenticeship, an individual can gain valuable skills that will not only benefit their own career, but also support the growth and development of the organisation they work in. With a Government target of three million apprentices by 2020, the new reforms aim to make Apprenticeships more accessible. The training scheme is to anyone looking to start or change careers. Training can be tailored to meet the requirements of a specific job role or the needs of the business and so employers can also use the programme to upskill and retrain existing staff.
Developing an apprentice within a company creates a strong sense of loyalty and after qualifying, gives businesses a well-trained, highly skilled member of their workforce. After finishing, 90% of apprentices stay in employment, with seven in ten staying with the same employer. A quarter of all apprentices are promoted within 12 months of finishing their qualification.
Sean Gibson, Key Account Manager at the College, said: “The way Apprenticeships are funded and paid for has changed fairly dramatically; it is important that employers in the City understand what this means for them and their business. The true potential of Apprenticeships will only be reached if all stakeholders, from Government to provider to employer, learn, work and adapt together to ensure that these programmes will allow us all to get what we ultimately want - a high-quality, highly skilled and highly valuable workforce.
“We invite anyone who wants to know more about the changes to attend our Apprenticeship ‘Myth Busting’ Breakfast events, where they can chat to our team of experts over tea, coffee and pastries.”
The next Apprenticeship ‘Myth Busting’ Breakfast takes place on Friday 21 April, 8.00am to 9.00am, at Kings Road. To book a place call 01752 305026 or e-mail firstname.lastname@example.org.