On Wednesday 8th July, the government announced its Plan for Jobs. It’s a clear statement of intent that skills, apprenticeships and work based learning are at the centre of policy decisions to rebuild the economy. Now is the time to recruit, invest in young talent and future proof businesses.
The focus is on enabling young people to experience work and develop the knowledge, skills and behaviours for them to gain employment and progress into sustainable jobs.
The new incentive payments for employers who hire new apprentices are:
Therefore you get the following incentive payments if you recruit a new apprentice, regardless of the size of your business:
Apprenticeship training and apprenticeship standard qualifications also continue to be fully funded for those aged 16-18 for those employed by companies with less than 50 staff. For those with over 50 staff and recruiting apprentices aged 19+ then a co-investment payment or levy payment remains to the case.
PM Training can support your business with the following apprenticeship standards;
Business, Customer Service and Accountancy
Investment in Traineeships
The government have also announced additional investment in traineeships (£1,000 support payment to employers for giving a young person the opportunity to experience the world of work), careers education and new Level 2 and 3 courses for 18 & 19 year olds.
A new £2 billion KickStart Scheme will also be launched to create hundreds of thousands of new, fully subsidised jobs for young people across the country. Those aged 16-24, claiming Universal Credit and at risk of long-term unemployment, will be eligible. The funding available for each six-month job placement will cover 100% of the National Minimum Wage for 25 hours a week – and employers will be able to top this wage up.
Confidence in apprenticeships
It reflects a confidence in an apprenticeship system that has undergone a revolution in the last three years, in terms of content, delivery and vision.
If it’s a while since you looked at apprenticeships, or indeed have never really considered them, we think you’ll be pleasantly surprised.
Book a meeting today to speak to a member of our Partnerships team. Our team have an excellent track record in recruitment and business support.
Subscribe to receive email alerts direct to your inbox.
Book to attend our next open event and discover why we are the place to go for apprenticeships
Clearing up the apprenticeship levy confusion.
With the introduction of the apprenticeship levy, those who choose to invest in talent including apprentices and existing staff are seeing the ...
For businesses to thrive in today’s economy, the retention and development of existing staff is essential and far more affordable than you may ...
From April 1, 2019, the maximum amount of apprenticeship levy which you can pass to your supply chain is set to increase from 10% to 25%. But ...
In July 2020, the Government announced it's 'Plan For Jobs' to support businesses with new incentives for the recruitment of apprentices.
Inspiring increased staff productivity is one of the biggest responsibilities facing employers as they adapt to the 'new norm' of running a ...