World Of Learning Presentation
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Transcript of World Of Learning Presentation
HOW WILL THE APPRENTICESHIP LEVY CHANGE RECRUITMENT AND
LEARNING IN YOUR ORGANISATION?
WWW.REMIT.CO.UK
rem ttraining
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
rem ttraining
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
rem ttraining
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.
rem ttraining
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
rem ttraining
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
rem ttraining
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
rem ttraining
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
rem ttraining
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