Apprenticeship Levy update Webinar: 05 May 2016 James Hammill Director – BPP Professional Apprenticeships Apprenticeship Levy Update Webinar: 08 September 2016 James Hammill Director BPP Professional Apprenticeships James Hammill Director – BPP Professional Apprenticeships
13
Embed
Apprenticeship Levy Update - Amazon S3 · 2016-09-12 · Apprenticeship Levy recap • Levy on UK employers will fund growth in the apprenticeship programme. In parallel, employers
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Apprenticeship Levy update Webinar: 05 May 2016
James HammillDirector – BPP Professional Apprenticeships
Apprenticeship Levy Update
Webinar: 08 September 2016
James Hammill
Director
BPP Professional Apprenticeships
James Hammill
Director – BPP Professional Apprenticeships
Agenda
Background 03 - 04
Apprenticeship Levy recap 05
Who can it be spent on? 06
What can it be spent on? 07
Summary: New funding information 09
New Apprenticeship Standards 10
Further updates 11
…and employers are
investing less in training
Action is needed to address current economic trends
UK productivity lags
behind other developed
economies…
3
The UK has low levels of
intergenerational social
mobility compared to
some other developed
countries
Meanwhile… relative
social mobility has
stagnated or declined
over recent decades
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
200,000
19
92
19
93
19
94
19
95
19
96
19
97
19
98
19
99
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
… and employers are
investing less in training
Number of employees who worked fewer hours than usual
because they attended a training course away from their
workplace
3
…and employers are
investing less in training
Why are apprenticeships the solution?
4
Structured training programme to
develop skills the employer and
employee needs
Include Professional
Qualifications/Degree/Masters
BENEFITS
EMPLOYER
Professionalised workforce
Staff development investment
Develop future skills required
Improved retention
EMPLOYEE
Career not a job
Improved lifelong earning capacity
Include Skills and Behaviours agreed
by employers
Source: GDP chart ONS, International Comparisons of Productivity, 2014.
Apprenticeship Levy recap
• Levy on UK employers will fund growth in the apprenticeship programme. In parallel, employers will be given
more influence over how apprenticeships are designed and paid for, so that they focus on the Skills,
Knowledge and Behaviours that are required of the workforce of the future.
• Growth in apprenticeships will open up opportunities to individuals from all backgrounds and all parts of the
country, giving more people the chance to pursue a successful career.
• The levy will come into effect on 6 April 2017, at a rate of 0.5% of pay bill, paid through PAYE. It applies to all
employers in all sectors.
• All employers have an allowance of £15,000 to offset against their levy liability. The levy allowance is not a
cash payment and cannot be used to purchase apprenticeship training.
• The allowance means that only UK employers with an annual pay bill of more than £3 million are liable to pay
the levy. That’s 2% of employers.
• Employers in England who pay the levy will be able to get out more
than they pay into the levy, through a 10% top-up to their digital accounts.