The “Apprenticeship Levy”, introduced in April, is seen by some as an unnecessary “training tax”, but as a business owner or manager, did you know it could be used to your advantage? A conference session at Talent in Logistics will explore “The New Apprenticeship Standards & How Employers Can Get The Best Out Of Them”.
Introduced by the government to help tackle the nation’s skills shortage this “payroll tax” (set at a rate of 0.5%) applies across all industry sectors, to businesses in the public and private sectors with an annual payroll bill exceeding £3 million. This will include many businesses in the logistics sector or with large transport operations.
But, rather than seeing this as “yet another tax”, managers and business owners are encouraged to see the value in it and how it can be utilised to actually benefit their businesses and tackle the driver shortage facing our industry.
For instance, this tax is expected to raise £3bn for direct investment in apprenticeships, which can be accessed by employers for training. Starting this year, levy-paying employers can use the apprenticeship service to receive levy funds. Employers will have an annual allowance of £15,000 (along with an uplift of 10% from the government), which can be used towards apprenticeship training and assessment for apprentices. Employers who don’t qualify to pay the levy won’t be able to register for an apprenticeship service account until at least 2018.
According to the Government* this funding will help employers to offer more training opportunities for people of all ages to gain high-quality skills and experience, contributing to an expanding skilled workforce.
If you want to learn more about the Apprenticeship Levy, and how it impacts your business, why not attend the Talent in Logistics conference, where the topic of “The New Apprenticeship Standards & How Employers Can Get The Best Out Of Them” will be presented Allan Birch of Pearson BTEC & Apprenticeships and John Bowman of JohnB Consulting.
Various informative and inspiring conference topics relating to logistics and transport will be presented on the day, hosted at the UK’s only specialist Instructor Training Academy in Telford, West Midlands on 22 June, from 9am till 3.15pm. Only 20 or so places remain, so don’t miss out – book your free conference tickets now.
The prestigious title of ‘Apprentice of the Year – sponsored by Qommunicate ’ will be awarded at the Talent in Logistics Awards, alongside other accolades that celebrate the development of people and skills in logistics. A few tickets are still available for the awards evening, which also takes place in Telford on 22 June. If you would like to join in the celebration of some of the brightest stars in our industry, book your tickets now.