Regardless of whether you’re a small, large or enterprise organisation, apprenticeships are a great way for your employees to develop skills relevant to your operations, boost productivity, reduce employee turnover, increase employee motivation and even profitability.
Whether your organisation is apprenticeship levy paying or not, it is worthwhile understanding the value that apprenticeship programmes will bring your business.
The Apprenticeship Levy is payable by all companies with a payroll in excess of £3m. However, almost half of organisations do not fully utilise their apprenticeship levy balance. Known as co-investment, unused levy may be used by ANY organisation to fund valid apprenticeships for only 5% of the cost of the apprenticeship, and for FREE if the employer has 50 employees or less.
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