Apprenticeships Your investment
The new apprenticeship standards offer the opportunity for a genuinely different talent acquisition route for modern businesses. They allow employers to bring new talent into their business and also upskill their existing workforce. Learn more about financing your apprenticeship programme and getting a great return on your levy investment.
Making the most of your levy payment
If your annual pay bill is more than £3 million, you will have to contribute a 0.5% levy which will go towards funding apprenticeships in the UK so it's important to make sure you get the best return on your investment.
Before recruiting any apprentices, you should have worked out clearly-defined roles within your business for them. It could be that you are looking to develop an existing member of staff or that you see a future need which an apprentice could be trained to fill.
It’s a complex process and should be personalised to your sector and organisation. Pearson can work with your in-house Learning & Development and HR teams to develop these long-term strategies and plans.
Our Insight webinars can help too! Delivered in plain English, they cover a range of topics to help employers to get their apprenticeship programmes off the ground.
Sign up for our Insight webinars
Working out a great ROI on your programme
Your programmes should form a key element of your learning/development talent programme and include plans to encourage higher apprenticeships and further development and progression. The routes to working out your return on investment are complicated but you should take into account:
- Progression - % of apprentices promoted
- Cost of recruitment
- Average salaries
- Employee satisfaction
- Time to recruit.
The return on investment plan for each business will be different but there are lots of tools that can help you.
Need help developing your own individual plan?