5 Steps to get the most out of your Apprenticeship Levy
The Apprenticeship Levy has now been in place a few months. You have started to pay it, why not get the benefit of it and use it? Here’s how to get your Apprenticeships started?
Apprenticeships are for anyone over the age of 16 and can be for new recruits or current employees. In fact, many Levy payers are using their funds to upskill their permanent staff. To get the most of any training it is all in the planning and management of your programme.
1. Research and Planning
The levy is based on your monthly payroll, so how much you pay may vary each month. It is important to try and work out how much you will pay into your Levy account over the financial year as this will help you determine how many apprentices you can support.
It is also important at this stage to work out what skills your business needs to develop, so getting HR and your senior management team together to look at your organisations’ strategic objectives would help in deciding where your training focus should lie. You can also use Apprenticeships to fill vacant positions.
2. Choose or build your programme
Once you have an idea of how much money you have in the kitty, you can think about which Apprenticeships match your skills and development needs. Apprenticeships don’t all cost the same, they depend on the training and level, for example an Engineering apprenticeship will cost more than Business Administration.
You will also need to choose an approved training provider and these can be found on the online provider directory. What criteria you use for your choosing is up to you, you could consider small specialist providers or those with a wide range. If you go for niche, you could end up working with several different companies, or you may prefer just to have one point of contact.
3. Manage your funding
Once you have chosen your apprenticeships and training provider(s) together you can agree costs and a payment schedule. Your provider will advise you and help you to build the programme(s) around your business needs.
It is important to ensure you have your Apprenticeship Service Account as this is where your levy payments will show and where you pay your provider from. You will be able to monitor your balance and forecast the funding and commitments you will have in the future. Remember that the government adds a further 10% to the funds in your account.
4. Recruit your Apprentices
This is when you decide if you need to hire new recruits or upskill current employees - you can do either or both if you have the funds in your account. You should advertise your opportunities on the “Find an Apprenticeship” online site and you can advertise on Universal Job Match, social media is also a good way. Of course, you can use any way to promote your vacancies and your training provider will be able to advise and support you.
5. Get started
Now that you have everything in place the training can begin. Your training provider should, as well as offering excellent training, also provide you with assessments and progress reports on your apprentices. They should organise regular meetings with you so that you can keep up to date with your programme. This will help you decide how you want to move your programme forward for subsequent years. Remember that your training provider are experts, so if you are new to Apprenticeships they will be able to offer all the support and advice you need.
Why use ATT?
ATT are rated Ofsted Good and are experts in Health and Social Care, Retail, Business Administration, Team Leading, Management, Customer Services, Warehousing and Storage and Clean Environment.
We work closely with employers to ensure that we develop the right skills for your apprentice and your business. We tailor our solution to help your business to get maximise benefit and return on your investment