The second change will be the way that an apprentice is funded going forward with an increasing emphasis being placed on the employer to contribute towards the cost. The level of contribution is decided by the size of the employer, its annual wage bill and additional criteria for each individual apprentice employed. In essence, you could be paying for all costs via the new levy system, only paying a 10% contribution or paying nothing at all.
This document is designed to help you quickly establish what the cost of training an apprentice will be, if any, to you as an employer.
To begin the process you will be required to choose the relevant section that matches your criteria:
- A smaller company with less than 50 employees and a wage bill of under £3 million
- A small / medium company with more than 50 employees and a wage bill of under £3 million
- A larger company with a wage bill of greater than £3 million