1 in 5 employers paying the Apprenticeship levy still don’t understand the scheme
Research published today by The Open University has revealed that a fifth (18 per cent) of Apprenticeship levy-paying employers still don’t understand how the scheme works, three months after it was introduced.
The research also revealed that also revealed that a further 2 per cent of the 200 senior managers questioned knew nothing about the levy at all.
However, 85 per cent believe the levy will have a positive impact on their organisation and 87 per cent were confident it would benefit UK productivity and the economy. More than half (54 per cent) were already making use of the levy and a further 25 per cent said they had plans to – but 18 per cent had no current plans to use the levy.
Nick Durrington, Head of New Talent Operations at Cogent Skills said, “It is very positive that nearly half of the businesses who took part in the survey are using the levy within their organisation. What’s concerning to me is that there are still a large number of organisations that have no plans to use it at all.”
For organisations wishing to find out how to make best use of the levy and gain a greater understanding of Apprenticeship Skills reform, Cogent Skills will be hosting a webinar in early August.
Webinar - Latest on the Apprenticeship Skills Reform and Science Industry Partnership
August 03 2017 at 2:00 PM BST
- What the apprenticeship reforms mean
- The apprenticeship levy and how the funding works for levy-paying and non-levy-paying employers
- The transition from frameworks to standards and the requirement for independent end-point assessment
- Using apprenticeships for workforce development, realising the potential of existing employees