The effect of COVID-19 on businesses has been and continues to be tough, with many financial and recruitment based implications. Therefore, It’s with great pleasure that we are able to share that the Apprenticeship Incentives payment has now been extended from January 2021 to March 2021!
With workforce cutbacks being more real than ever, it’s important to know what your options are as an employer and how you can continue to mould, develop and shape your company and the people within it. The Apprenticeship Incentives introduced earlier this year really helped those employing and those looking to get into employment via the apprenticeship route, resulting in a positive experience for those entering the employment market.
Now is the time to assess and fill those newly established and recognised tech and digital gaps in your workforce through the apprenticeship route.
What are the Apprenticeship Employer Incentives?
The Development Manager (TDM) welcomes Chancellor Rishi Sunak’s “plan for jobs” to tackle unemployment post COVID-19. Sunak said: “I believe in the nobility of work, I believe in the inspiring power of opportunity, I believe in the British people’s fortitude and endurance. And, it is that value, “endurance”, that we need to embody now.“
Employers will receive:
- £3,000 for hiring a new apprentice aged 16 to 18 (a £2,000 increase on the £1,000 available currently)
- £2,000 for hiring a new apprentice aged 19 to 24
- £1,500 for hiring a new apprentice aged 25 and over
TDM believes that Apprenticeships and Degree Apprenticeships are the most important educational programmes available in the UK for developing the “fortitude and endurance” that is needed to drive Britain’s Skills Development forwards and for addressing our Productivity gap. The Government could have spent much harder on this agenda, offering a much more significant Year 1 salary-support package for employers, further mitigating employer risk against taking on new, inexperienced recruits during a viral pandemic.
Genuinely work-based learning, when underpinned with academic rigour, is clearly an effective strategy for developing employable knowledge, skills, attitudes and behaviours. “Careers with plans”, not “a plan for jobs” are needed if the UK is really going to tackle this unemployment crisis and the national productivity gap moving into the future.
See our Vacancies page for the apprenticeships we are currently offering here.
And refer to the Government website for more information on the incentives here.