HOW WILL THE APPRENTICESHIP LEVY CHANGE RECRUITMENT AND

LEARNING IN YOUR ORGANISATION?

WWW.REMIT.CO.UK

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AIMS FOR TODAY• Levy update

• Your levy options

• Provide recommendations

• How to spend your levy bill

• Financial models

• Key benefits

• About Remit Training

• Next steps

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WATCH THIS VIDEO FOR AN UPDATE ON THE APPRENTICESHIP

LEVY

APPRENTICESHIP LEVY OPTIONS

DO NOTHING – ACCEPT IT’S ANOTHER

TAX AND DON’T GET INVOLVED

BECOME AN EMPLOYER PROVIDER

LET A TRAINING PROVIDER HANDLE THE DELIVERY OF YOUR

ENTIRE PROGRAMME

PARTNERSHIP APPROACH

RECOMMENDATIONS

Levy bill - £900,000+No further costs required or lost

Levy bill - £900,000+L&D costs remain at current level Reduction in staff turnoverLimited risks but return on investment through scalable training delivery and up to date information

Levy bill - £900,000+

High initial start up costs which aren’t funded by levyPotential reduction in staff turnoverImproved internal promotions and reduced recruitment costsSubject to Ofsted and regulation

Option 1 Pay HMRC

your tax and leave it

Option 2 Give it to a

training provider

Option 3 Become an employer provider

Option 4Shared delivery model

Levy bill - £900,000+Possibly return on investment dependent on delivery costs to your business

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HOW TO SPEND YOUR LEVY BILL• Apprenticeships split into 15 funding bands applied to both

frameworks and new standards. Funding no longer age or geographically specific.

• By knowing the value of the qualifications you want delivered, as a rough guide, you can calculate how many of the relevant apprenticeships can be delivered using your levy allocation.

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EXAMPLE FINANCIAL PROPOSITIONBASED ON A £200M SALARY BILL YOUR LEVY POT WILL BE AROUND £1M ANNUALLY

Motor vehicle service and maintance

technicianCustomer service

practitioner standard

Band value £18,000 (over 3 years) £3000 (over 1 year)

Costs per year £6000 £3000

Projected numbers 140 40

Total cost £840,000 £120,000

In this model you would spend your £960,000

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Apprenticeship levy bill from proposed model £960,000

Possible saving options (not all will necessary apply) Savings Per Annum

Apprenticeship incentive for recruiting a 16-18yr old per year(40 x £1,000) for customer service(140 x £1,000/3) for Light vehicle

£40,000£140,000

NI saving for a 16-25 year old apprentice paid £4.50 per hour working 40hrs £31,000Possible total savings £211,000

RETURN ON YOUR LEVY BILL

By using your levy pot to train apprentices and by recruiting a younger workforce, there are financial incentives to the model

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KEY BENEFITS OF APPRENTICESHIPS FOR EMPLOYERS• Apprenticeship programmes support a wide range of job functions so all

eligible team members have the chance of training

• Increased staff motivation and productivity

• Fill skill gaps in positions

• Improved staff retention

• Return on investment from year one

• Can nominate staff at any time of year

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REMIT TRAINING• National Training Provider established for 20 years

• Over 6,000 apprentices UK wide

• Ofsted grade 2 with a grade 1 (Outstanding) for Leadership and Management

• Manage and deliver from recruitment to completion

• Operate in core sectors: Automotive, Business Administration, Food Manufacturing, Health and Social Care, Hospitality, IT

• Experience of delivering bespoke employer workforce development solutions

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WATCH THIS VIDEO TO GET A SNEAK PEAK OF

REMIT FUSE, OUR ON-LINE LEARNER

ENGAGEMENT TOOL.

DEDICATED APPRENTICE RECRUITMENT SERVICE. AS EASY AS 1, 2, 3The service can be tailored to fit your processes but will include:

ADVERTISING VACANCIES ON NATIONAL JOBS

BOARDS

INTERVIEW SUPPORT

PRE SCREENING AND INTERVIEWING

APPLICANTS

YOU RETAIN 100% CONTROL OF THE

PROCESS, THEY ARE YOUR EMPLOYEE

SHORTLISTING OF CANDIDATES

WE WILL THEN SUPPORT THEIR

APPRENTICESHIP TRAINING

NEXT STEPS• Calculate levy bill

• Understand the qualifications required by the business

• Discuss a proposed solution utilising new funding bands

• Speak to a training provider like Remit Training to understand your options and prepare yourselves pre –April

• Seek free consultancy now

• Trial an apprenticeship programme now while it is funded by government

WANT TO KNOW MORE? JOIN OUR WEBINAR

23RD NOVEMBER 4.00PM. REMIT.CO.UK/ITLEVY