By Steve Wainwright
The Apprenticeship Levy kicked in early last year.
How is your organisation doing? Have you got it all worked out?
If you have, congratulations! You are one of the few.
A recent British Chamber of Commerce (BCC) study found that despite all the news and press surrounding the new system, many organisations still do not understand how it works. The majority surveyed hold little hope of recovering money owed, despite the fact that the levy regulations would say it was due to them.
UK employers are required to pay the bill. If they don’t use it, they lose it, so it’s crucial to gain a better understanding of the levy, how it works and how it can benefit you.
For some, part of the confusion centers around the issue of the training, or rather, the providers of the training. Jane Gratton, head of business environment and skills at the BCC believes, “low awareness and understanding of the levy has not been helped by uncertainty faced by training providers tasked with delivering apprentices to business.” She further suggested that some companies are regarding the levy as an additional employment tax that is deflecting training budgets away from other important needs.
It is in the best interest of each organisation to be better informed, to fully understand how the levy works, and to know what they should be doing to maximise its potential and ensure it is serving its original and intended purpose.
To help give you this understanding and explain in greater detail the training element and requirements of the levy, Skillsoft is hosting a webinar on 6th March.
In this webinar you’ll learn:
- Where the levy stands today
- How to make the best use of the levy
- What the best-in-class companies are doing with the levy
- How our content can help to support your apprentices. At Skillsoft we can map our award-winning content to regulated apprenticeship standards and provide vital reporting tools that provide proof of completion and pass rates.
To register for this important webinar, click here.
Steve Wainwright is the Managing Director EMEA for Skillsoft & SumTotal.