Benefits of an Apprenticeship
Kent Training and Apprenticeships offers the benefits of employing an Apprentice
Firstly from the employers’ view:
What can an Apprentice bring to your business?
There are numerous benefits to taking on an Apprentice, here are some of the most important:
- Inspire an effective and competitive workforce
- Directly address skills gaps
- Improve your productivity
- Have a motivated and trained workforce
- Create your own future managers
- Bring fresh and innovative ideas to your organisation
What are the costs?
You can get help from the government to pay for Apprenticeship training and assessment. The amount depends on whether you pay the Apprenticeship levy. You’ll pay the Apprenticeship levy if you’re an employer with a wage bill of more than £3 million a year.
If you are an employer who doesn’t pay the Apprenticeship levy, with more than 50 staff, you will need to pay the training provider directly for training your Apprentices. You pay 5% towards the cost of training and assessing your Apprentice. The government will pay 95%, up to the funding band for the qualification. They’ll pay the funds directly to the training provider.
Employers with fewer than 50 staff will not have to pay the 5% contribution for an Apprentice who is aged between:
- 16 – 18 years old
- 19 – 24 years old and who has previously been in care or who has an Education, Health and Care plan provided by their local authority
The government will pay 100% of the training costs for these individuals.
All employers will receive £1,000 at the start of the training if the Apprentice is aged between:
- 16 – 18 years old
- 19 – 24 years old and who has previously been in care or who has an Education, Health and Care plan provided by their local authority
This payment will be made to the employer in two equal instalments by the training provider.
Secondly what are the benefits of considering an Apprenticeship? (Apprentice view):
- Earn while you learn
- An Apprenticeship guarantees you a salary. The minimum wage rate for an Apprentice is £4.30 per hour as of 1st April 2021. This rate applies to Apprentices aged 16 to 18 and those aged 19 or over who are in their first year.
- Job specific skills
- Working with your employer, we’ll make sure your training is right for you, gives you the skills you need for the job and that you are trained to nationally recognised standards.
- Qualifications
- With the help of your employer and a dedicated Tutor/Assessor, you will learn on the job, build up skills, gain a valuable knowledge of your role and earn money – at the same time you may gain qualifications related to this. Your Apprenticeship will help you work towards qualifications and accreditation.
- Great prospects
- Employers understand the value of an Apprenticeship. If proves you’ve got what it takes to be great in your job. And it doesn’t have to stop at a Level 2, 3 or 4. The skills and knowledge you gain in your Apprenticeship could also help if you want to go on to further education and university.
Visit here for more details.