By Timothy Adler on Small Business – Advice and Ideas for UK Small Businesses and SMEs
Hiring an apprentice is becoming an increasingly popular way for young people to enter the working world, allowing them to learn a trade and gain valuable on-the-job experience whilst earning a wage.
You can employ apprentices at different levels, from school leavers and university graduates, to people who want to further their careers or change career direction completely.
You can hire someone new or upskill an existing employee.
And it’s not just the apprentices who benefit. Hiring an apprentice also brings numerous advantages for companies participating in such schemes, making them a great investment.
Hiring an apprentice – 4 benefits for a small business
#1 – A committed workforce
One of the biggest benefits of running an apprenticeship scheme is that it helps create a dedicated, loyal workforce. The majority of apprentices are young school or college leavers, meaning that they have lots of energy with which to learn the ways of your business as you help them climb the career ladder within your organisation.
Eighty-six per cent of employers said apprenticeships helped them develop skills relevant to their organisation, according to the government Apprenticeships website.
#2 – Bridging the skills gap
Many companies,
Tag Archive for Apprenticeships and Internships
Hot Business News Today
Interns and the law
by Andy Willis • • 0 Comments
By Andy Willis on Small Business – Advice and Ideas for UK Small Businesses and SMEs
With so many graduates and young people out of work and recruitment slow to pick up, internships and work experience are a popular route for those looking for a foot in the door to their chosen career.
There are also significant benefits for smaller employers. Internships offer them a pool of talented new faces at a time when budgetary constraints mean they may be struggling to take on permanent staff.
However, while the benefits are clear, SMEs must be aware that from a legal standpoint interns can be considered either workers or employees. This means that they are often covered by the same employment legislation as the rest of the workforce, including the right to be paid National Minimum Wage (NMW). As failure to comply with NMW laws can lead to costly employment tribunal claims and hefty fines, it is crucial that businesses know where they stand before offering work experience or internships.
Is an intern a worker or an employee?
“Internship” is a general term that can result in varying employment relationships and, as a result, varying employment statuses. Depending on the way that an intern is treated,
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Apprenticeship grants
by Anna Jordan • • 0 Comments
By Anna Jordan on Small Business – Advice and Ideas for UK Small Businesses and SMEs
The good news is that you can get assistance from the government. The funding can help you pay for apprenticeship training and assessment or you can get an apprentice incentive payment which you can use to support your business.
Apprenticeship training and assessment
For training and assessment, the amount of funding you receive depends on whether you pay for the apprenticeship levy. You should be paying the levy if you’re an employer with a pay bill of over £3m a year.
If you do not pay the levy, you will contribute five per cent towards the training costs of your apprentice. You’ll need to agree a payment schedule with your training provider – and you’ll be paying them directly for the training.
The government will pay 95 per cent up to the funding band maximum. They will also pay directly to the training provider. You may be eligible for additional funding depending on you and your apprentice’s circumstances.
You’ll contribute 10 per cent towards the cost of your apprentice’s training and assessment if your apprentice started before April 1 2019. The government pays the remaining 90 per cent.
If you do
Hot Business News Today
Apprenticeship grants
by Anna Jordan • • 0 Comments
By Anna Jordan on Small Business – Advice and Ideas for UK Small Businesses and SMEs
The good news is that you can get assistance from the government. The funding can help you pay for apprenticeship training and assessment or you can get an apprentice incentive payment which you can use to support your business.
Apprenticeship training and assessment
For training and assessment, the amount of funding you receive depends on whether you pay for the apprenticeship levy. You should be paying the levy if you’re an employer with a pay bill of over £3m a year.
If you do not pay the levy, you will contribute five per cent towards the training costs of your apprentice. You’ll need to agree a payment schedule with your training provider – and you’ll be paying them directly for the training.
The government will pay 95 per cent up to the funding band maximum. They will also pay directly to the training provider. You may be eligible for additional funding depending on you and your apprentice’s circumstances.
You’ll contribute 10 per cent towards the cost of your apprentice’s training and assessment if your apprentice started before April 1 2019. The government pays the remaining 90 per cent.
If you do
Hot Business News Today
Hiring an apprentice: The benefits for a small company
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Hiring an apprentice is becoming an increasingly popular way for young people to enter the working world, allowing them to learn a trade and gain valuable on-the-job experience whilst earning a wage.
You can employ apprentices at different levels, from school leavers and university graduates, to people who want to further their careers or change career direction completely.
You can hire someone new or upskill an existing employee.
And it’s not just the apprentices who benefit. Hiring an apprentice also brings numerous advantages for companies participating in such schemes, making them a great investment.
Hiring an apprentice – 4 benefits for a small business
#1 – A committed workforce
One of the biggest benefits of running an apprenticeship scheme is that it helps create a dedicated, loyal workforce. The majority of apprentices are young school or college leavers, meaning that they have lots of energy with which to learn the ways of your business as you help them climb the career ladder within your organisation.
Eighty-six per cent of employers said apprenticeships helped them develop skills relevant to their organisation, according to the government Apprenticeships website.
#2 – Bridging the skills gap
Many companies, particularly those within technology, find it tough to