As of Spring 2017, the way the government funded apprenticeships in England changed, and Encompass had to change with it. Some employers are now required to contribute to a new Apprenticeship Levy, and there will be changes to the funding for apprenticeship training for all employers. The Levy requires all employers with a payroll of over £3m to contribute 0.5% of overall payroll costs into an Apprenticeship Digital Account.
From the Government’s point of view, the Apprenticeship Levy is seen as an instrument of significant social and economic change, helping to provide the next generation of skilled workers within the UK, accelerating social mobility and, specifically, creating at least three million individual apprenticeships by 2020. It is important to note that apprenticeships have no age restriction and are available to those already employed within a role. Traditionally apprenticeships are viewed as something for school leavers aged between 16-18, the Levy has essentially enabled employers to upskill existing employees.
We understand the importance of training for any company, with 45% of employees saying they’d feel more motivated if their organisation invested in skilled training. Not only does the right training provide a way for employees to gain qualifications and improve their skills and knowledge, it also boosts productivity in the workforce, as well as job satisfaction.