Apprenticeships Your investment
Learn more about financing your apprenticeship programme and getting a great return on your levy investment.
Leverage the levy
The new apprenticeships have opened up a genuinely different talent acquisition route for modern businesses. By creating an apprenticeship programme, employers can bring new talent into their business or upskill their existing workforce using levy funding.
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 vital you get the very best return on your investment.
Before recruiting any apprentices, you should work out clearly-defined roles within your business for them. You might be looking to develop an existing member of staff or see a future need which an apprentice or apprentices 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.
Read our guide to the apprenticeship levy:
Get a great return on your investment
Your apprenticeship programmes should form a key element of your learning and development talent strategy 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 things like the cost of recruitment and training balanced against things like employee satisfaction and progresson.
The return on investment plan for each business will be different but there are lots of tools that can help employers do this.