The 6th April date for the new apprenticeship levy is fast approaching. After this date, all employers operating in the UK, with an annual pay bill over £3 million, will have to invest in apprenticeships.
The UK Government will enforce employers, that meet these requirements to contribute 0.5% to the levy – however, a levy allowance of £15,000 will be subtracted from the final amount.
Speaking exclusively to HR Grapevine, David Willett, Head of Propositions at The Open University explains that not everyone is prepared for the levy – even though he believes that the potential benefits can be massive.
He laughs when I ask if businesses are ready right now for the incoming changes: “Are they ready? Probably not, no one is ever quite ready. Increasingly, and after Christmas especially, we’ve seen a step change in the readiness of employers.”
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