More than half (53%) of employers who pay the apprenticeship levy would prefer a training levy, according to a study.<\/p>\n
The apprenticeship levy, which has been in effect since 6 April 2017, means businesses with an annual pay bill of more than \u00a33 million must pay the levy towards apprenticeship funding.<\/p>\n
The levy is charged at 0.5% of the annual pay bill, and each employer receives an allowance of \u00a315,000 to offset against their levy payment.<\/p>\n
But the Chartered Institute of Personnel and Development (CIPD) polled more than 1,000 employers and found that only 17% of levy-paying firms support the existing apprenticeship levy.<\/p>\n
The research reflected many employers’ doubts about how effective the levy really is for funding the training of apprentices.<\/p>\n
Lizzie Crowley, skills adviser at the CIPD, said:<\/p>\n
“Apprenticeships are extremely important, but other forms of training are equally valuable and often more flexible and better suited to the needs of organisations.<\/p>\n
“A move to a more flexible training levy would have the effect of continuing to prompt greater employer investment in skills, including apprenticeships, but in a way that is much more responsive to employers’ needs.”<\/p>\n
Talk to us about funding training in your business<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" More than half (53%) of employers who pay the apprenticeship levy would prefer a training levy, according to a study. The apprenticeship levy, which has been in effect since 6 April 2017, means businesses with an annual pay bill of more than \u00a33 million must pay the levy towards apprenticeship funding. The levy is charged […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"\n