Apprenticeships For Employees
Investing in your workforce's professional development is a vital ingredient for both growing your business and staff retention.
Trying to recruit staff with the right skills is expensive and an ongoing challenge, so investing in and developing your existing employees becomes even more critical.
As the labour market becomes ever more competitive, retaining a skilled, motivated team is key to achieving positive results. Apprenticeships aren’t just for young people or new recruits; your existing staff can benefit from a flexible programme tailored to your needs, delivered flexibly around your business.
Studies show that staff who feel valued, are more than twice as likely to remain with your company and pursue their career within your business. Not only does this mean more stability for your business but it also means you'll have a higher staff retention, saving you time and money.
BCTG, with a proud and established record in delivering work-based learning, offers a flexible approach to developing your staff through a range of Apprenticeship programmes. High levels of government subsidy mean with the right long term plans you get a real return on your skills investment.
If You Pay the Apprenticeship Levy
Employers have to pay the apprenticeship levy if their annual pay bill is more than £3 million.
If you are a levy-paying employer you need to register for the apprenticeship service so you can manage your apprenticeship funds online. You will be able to pay for training and assessment from your account.
The government will apply a 10% top-up to the funds you have to spend in your account.
If you don’t have enough funds in your account to pay for apprenticeship training, you must pay 5% of any outstanding balance.
The government will pay the remaining 95%, up to the funding band maximum allocated to the apprenticeship you have chosen.
If You Do Not Pay the Apprenticeship Levy
As a smaller employer, who does not pay the apprenticeship levy, you will need to reserve funds for apprenticeship training in the ‘finance’ section of your apprenticeship service account. You can also give BCTG permission to reserve funds on your behalf.
We will ask you to make a 5% contribution to the cost of training and the government will pay the remaining 95%, up to the maximum amount of funding allocated to the apprenticeship you have chosen.
Additional Funding and Support
You could also be eligible for additional funding and support depending on your apprentice’s circumstances or if you are a small employer employing fewer than 50 employees. Our Business Development staff will be able to provide details.
Taking That First Step
Our experience is in supporting, developing and working with Individuals and Employers to deliver the best learning solutions possible.
If you think this could be for you simply fill in our enquiry form and one of our Advisers will get in touch. There's no commitment or obligation, simply your chance to find out more.