What is the Apprenticeship Levy?

 

Essentially this means the levy is designed purely to encourage employers to support apprenticeships. Here at Abacus we fully support all students with their apprenticeships, making sure that they get the best grade possible! Also, to make sure that the student is going on the correct path for the future role. The government are ensuring that the way the apprenticeships are funded and the with the basis which a business works with a training provider are changing rapidly. The idea is that it encourages employers to embrace apprenticeships as a way of meeting their current and future skills gaps.

The levy will be introduced from April 2017 but for now the current system is still in place.  Employers with a wage bill of more than £3 million will have to pay a 0.5% levy to fund apprenticeships. Non-levied employers must contribute 10% of the total training costs for the apprenticeship training. Employers with less than 50 employees will not pay for the training of an apprentice aged 16-18. Employers can access their apprenticeship funding once they have declared their liability to HMRC (HM Revenue & Customs.)

Here are a few facts on the Levy:

  • More than £60 million to be invested in training for apprentices from the poorest areas in the country.
  • An extra 20 percent of funding to providers to train 16-18 year olds
  • The levy can only be spent on apprenticeship training with approved providers such as Abacus Academy
  • The Apprenticeship Levy can be used on existing employees if the training meets an approved standard or framework.
  • The Levy will not affect the way the company fund training of apprentices who started their programme before May 2017
Earn while you learn!

Many people think that apprenticeships are for people who are not clever enough for university. This statement is just a myth, your earning money while you’re learning new skills to develop your understanding. At Abacus, our apprenticeships schemes ensure that you are working with the best qualified instructors to make sure that you are working to the best of your potential.

Would you like to Earn while you learn? Of course, you would! Getting paid for learning new skills that interest you is the best way to earn. The national minimum wage applies to people who are aged 19+ and for learners under 19 they will earn £3.40 per hour. The apprenticeships last up to 18 months to fully complete the apprenticeship with Abacus.

At Abacus 88% of apprentices stay with the same employer after their apprenticeship has ended.             In the event that a candidate wants to move on, Abacus will use our extensive database of connections to help you peruse your dream role. In total Abacus has the ability to run 40 different apprenticeship frameworks including Health and Social care, Team leading, Management, Children and Young people services, Business Admin, Customer service, Cleaning and support services, ICT and Social Media. These apprenticeship roles offer different pathways for employment after the learner has finished their course. This means that you are one step closer to landing the dream role!

At Abacus, we make sure that after the apprenticeship has ended we aim to help you progress to your dream role. This ensures that we get employers from different companies to review your work and get in touch if they would like to talk to you in person. This can open different pathways in your career and help you achieve your dream role.