How can I fit this apprentice into my business?
Fill your skills gaps: an Apprentice’s training is tailored to your organisation’s needs, resulting in a loyal, motivated work force an ncrease productivity by developing staff skills and expertise
How is my business going to benefit from an Apprentice?
Value for money: a cost effective way to attract new talent and fresh eyes into your organisation
Cost saving: we can advertise your vacancies and recruit the best candidates for your needs
Apprenticeships make good business sense: taking on an apprentice requires minimal financial investment but delivers a committed, highly motivated individual whose skills are advancing rapidly and who can make a positive impact on a business.
Apprenticeships make hiring simpler and cheaper: 59% of employers report that training apprentices is more cost-effective than hiring skilled staff, and that apprenticeships lead to lower overall training costs. More than half say that hiring apprentices reduces overall recruitment costs.
Apprenticeships can drive motivation and retention: providing an apprenticeship programme demonstrates commitment to long-term development that staff will recognise and value, leading to higher retention. 92% of employers who employ apprentices say that apprenticeships lead to a more motivated and satisfied workforce, with staff members contributing to their apprentices’ training and valuing the experience and opportunity to contribute.
Apprenticeships can develop existing staff: apprenticeships are not just for new hires – business can now use them to structure and accelerate the training and development of current staff. With ACCA’s pathways this can further enhance retention and drive the acquisition of advanced skills, right up to chartered certified status.
They can introduce fresh perspectives and new ideas: apprenticeships are a powerful way to attract new talent into an organisation – bringing millennials into the workplace who tend to be more digitally savvy, so supporting the existing workforce. By providing ACCA apprenticeships, businesses can engage diverse local and national talent, and offer a genuine alternative to university that allows people to launch and build their careers.
Apprenticeships build a talent pipeline they more than repay the investment. Through apprentices, employers will create long-term assets and advocates for their business – 57% of employers report a high proportion of their apprentices going onto management positions within their organisations.
What will this cost my business?
The introduction of the Apprenticeship Levy in April 2017 has changed the way that government funds apprenticeships in England. All businesses operating within the UK with a wage bill of over £3million are required to contribute to the Apprenticeship Levy.
- If the levy applies to your business you will be required to pay 0.5% of your entire wage bill into the levy. This will be offset against a levy allowance worth £15,000 for each tax year.
- You will only be able to use your levy payment for government backed apprenticeships.
- Levy payments will expire after 18 months.
Speak to an advisor at CI Business Solutions on 01206 712727 to make your levy payments work for you.
Non-levy paying employers will need to contribute 5% of the maximum funding band as published by the Skills Funding Agency for the delivery of training and assessment for their apprenticeship.
Levy paying employers will pay the full cost of the agreed funding band using their Digital Apprenticeship account.
Employers with less than 50 employees who are recruiting an apprentice aged 16-18 years old will not be required to pay the contribution fee.
Any associated cost to the individual will be made clear at the interview.
Speak to an Advisor at CI Business Solutions on 01206 712727 to make your levy payments work for you.
Does the apprentice have to attend college?
College attendance of 6 hours weekly for a teaching session will be required over the 18 months of the course.
How is the apprentice assessed?
Regular progress reviews throughout the programme which will also include you as the employer
The end point assessment will consist of two parts.
Part 1: an online assessment, giving the opportunity to tackle a series of business-related tasks through simulation in line with typical role activities.
Part 2: a review of the portfolio of evidence. This will be used to demonstrate competence in the knowledge, skills and behaviors defined within the standard. Evidence for this element will be gathered from the workplace during the on programme learning. As an apprentice they will be required to reflect on their portfolio of evidence through a professional discussion.
What about support in the workplace?
Skilled and knowledgeable staff must be available to support the apprentice as they complete work-based tasks and build a portfolio.
Why should I choose Colchester Institute to support my recruitment and retention?
Colchester Institute is the largest college provider of apprenticeships in Greater Essex. We are experts at connecting the right people, to the right training, to the right business – and when it comes to Apprenticeships, our Apprenticeship Advisors can support your business every step of the way.
As part of our service we can support your business with:
- Advertising the Apprenticeship vacancy
- Manage the applications received in line with your individual requirements
- Match prospective candidates already known to us
- Conduct initial pre-screening for candidates
- Carry out visits to your premises alongside regular reviews to support you, your staff and your apprentice
- Advice on any grants or funding where available
Our team will provide:
- A fee free recruitment service.
- Personal 1:1 Apprenticeship Levy advice and guidance.
- A dedicated Account Manager.
- Industry experienced, professional, technical trainers.
- Bespoke programmes available upon request.
- An Essex priority skills focus.
- Free employer events.
