Apprentice incentive payments of up to £4,000 until end of month
By Sarah Wood
If your business has ever considered taking on an apprentice, now could be the time to take the plunge.
The Government announced new incentive payments for employers to encourage the recruitment of new apprentices back in July 2020. Originally planned to end on January 31, 2021, the incentive payments have been extended four times, but are due to come to an end on January 31, 2022.
Each business will receive £3,000 for every new apprentice. With the £1,000 incentive for taking on a 16-18 apprentice, businesses will receive up to £4,000 per apprentice recruited.
Apprentices are full-time employees who work alongside other staff members whilst gaining job-specific skills. Apprenticeships allow anyone aged 16 or over to build the skills and knowledge needed in their chosen career path and will also lead to nationally recognised qualifications.
Ranging from entry to degree level, there is no limit to what can be achieved through an apprenticeship.
What is required from employers?
- Full-time employment of the apprentice for the duration of their apprenticeship
- National apprenticeship minimum wage must be paid to any apprentice hired
- 20% off the job training - this could be day release, block delivery in college or online training, depending on the apprenticeship programme
What are the benefits for employers?
- Receive an incentive payment from the government of up to £4,000 for each new apprentice hired before January 31
- Gain a loyal and enthusiastic employee who will bring fresh new talent and ideas into your organisation
- Shape the development of apprentices to meet the needs of your business as they grow and train
- Build the talent pipeline of your organisation and fill skill gaps
Gloucestershire College has talented applicants all year round looking for positions in areas as diverse as cyber, construction, engineering and catering.
To recruit an apprentice and claim up to £4,000, get in touch with the Business Hub team at Gloucestershire College.
Hiring an apprentice is the same as hiring an employee. Employers have the final say on who they recruit, and the team at Gloucestershire College can help businesses advertise the vacancy for free.
The Business Hub team are specialists at helping businesses to fill skill gaps and build their talent pipeline for the future and offer no-obligation advice to businesses.
If you are looking to recruit an apprentice, get in touch with the Business Hub team at email@example.com.
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