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Apprenticeships are a tried and tested way of providing the next generation with the knowledge and skills they need to enter the workforce as competent individuals.
In 2017, the UK government introduced the apprenticeship levy, which is essentially a tax on UK employers with an annual pay bill over £3 million. This was introduced with a target of recruiting 3 million apprentices by 2020.
Taking on an apprentice can be beneficial for your business, but finding the right information can be difficult. If you want to find out if the levy can be used for an existing employee, read on.
Can the levy be used for existing employees?
Yes, the apprenticeship levy can be used for existing employees.
Although apprenticeships are typically used to attract and develop new talent, the apprenticeship levy can be a great way to fund apprenticeship training and upskill existing employees.
What are the benefits of investing in existing employees?
If you are a levy-paying business, you can use your levy funds as apprenticeship funding, covering things like apprenticeship training and salary. Some of the benefits of paying for apprenticeship training are:
- Enhanced productivity
- Improved performance
- Increased employee engagement and satisfaction
- Retention of talented employees
- Knowledge sharing and collaboration
- Adaptability to change
- Succession planning and leadership development
- Positive company culture
- Cost savings
- Reputation and employer branding.
Why use Total People for employee apprenticeships?
With over 20 years of experience in the field of delivering apprenticeships, here at Total People, we have a strong team of experienced instructors who can provide the best support and guidance for your apprentices, making the most of your apprentice levy fund.
We are one of the biggest apprenticeship providers in the North West of England and have years of experience working alongside levy-paying employers to support the development of their employees.
Do you want an apprenticeship provider who is confident in supporting and guiding our employees and coaching them to excellence? Find out more about the apprenticeship levy and how it can help your business.
