Originally written by Timothy Adler on Small Business
The government has temporarily upped the cash incentive for small businesses to offer T Level students industry placements to £1,000.
It comes as the Department for Education has become increasingly concerned about convincing small business owners to host T Level students for the 45-day or 315-hour placements.
Small business owners were previously given £750 for each T Level student they took on, up to a maximum of 10 students.
>See also: How to win £20,000 in TV advertising with Sky Media’s SME100 scheme
Small businesses will be able to claim for a new maximum of 20 students on T Level programmes from May May 2021 until July 2022.
The pandemic derailed the first-year rollout of the T Level programme with employers “cancelling or not committing to placements”, according to a National Foundation for Educational Research survey published last July.
Federation of Small Businesses chairman Mike Cherry said: “Small firms will welcome this announcement as another way to hire young and talented individuals who are making their first steps on the jobs ladder.
>See also: Where to get your small business Restart Grant worth up to £18,000
“Many small businesses are looking to expand and grow as the economy unlocks, and it
Tag Archive for Staff training
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Where to claim your £1,000 grant for hosting a T Level student
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
The government has temporarily upped the cash incentive for small businesses to offer T Level students industry placements to £1,000.
It comes as the Department for Education has become increasingly concerned about convincing small business owners to host T Level students for the 45-day or 315-hour placements.
Small business owners were previously given £750 for each T Level student they took on, up to a maximum of 10 students.
>See also: How to win £20,000 in TV advertising with Sky Media’s SME100 scheme
Small businesses will be able to claim for a new maximum of 20 students on T Level programmes from May May 2021 until July 2022.
The pandemic derailed the first-year rollout of the T Level programme with employers “cancelling or not committing to placements”, according to a National Foundation for Educational Research survey published last July.
Federation of Small Businesses chairman Mike Cherry said: “Small firms will welcome this announcement as another way to hire young and talented individuals who are making their first steps on the jobs ladder.
>See also: Where to get your small business Restart Grant worth up to £18,000
“Many small businesses are looking to expand and grow as the economy unlocks, and it
Hot Business News Today
Rishi Sunak gives small businesses £2000 grants for young trainees
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
UPDATED: Rishi Sunak will give small businesses £2000 grants per trainee if they take on young people for training schemes.
The scheme, which was announced today (Wednesday) as part of the chancellor’s economic Summer Statement, will throw ens of thousands of young people a lifebelt against the coming tsunami of post Covid-19 unemployment.
The Bank of England has predicted that unemployment will rise to 10 per cent this year, as employees are weaned off the Coronavirus Job Retention Scheme from August.
>See also: IR35 freelance tax changes will go ahead in April 2021 – are you ready?
Small businesses that offer training for young people aged between 16 and 24 will be given cash “bonuses” of grants worth £2000 per youth up to a maximum of £10,000 per firm.
This unpaid on-the-job training is seen as a gateway to an apprenticeship and, ultimately, full-time work.
The £111m scheme is the first-time small businesses will receive direct government subsidies for taking on trainees.
A Treasury spokesman said businesses would get a £2000 bonus payment “for every trainee they offer a work experience placement to”, and employers who were “new to providing trainees with work experience will also be eligible for the
Hot Business News Today
Rishi Sunak gives small businesses £2000 grants for young trainees
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
UPDATED: Rishi Sunak will give small businesses £2000 grants per trainee if they take on young people for training schemes.
The scheme, which was announced today (Wednesday) as part of the chancellor’s economic Summer Statement, will throw ens of thousands of young people a lifebelt against the coming tsunami of post Covid-19 unemployment.
The Bank of England has predicted that unemployment will rise to 10 per cent this year, as employees are weaned off the Coronavirus Job Retention Scheme from August.
>See also: IR35 freelance tax changes will go ahead in April 2021 – are you ready?
Small businesses that offer training for young people aged between 16 and 24 will be given cash “bonuses” of grants worth £2000 per youth up to a maximum of £10,000 per firm.
This unpaid on-the-job training is seen as a gateway to an apprenticeship and, ultimately, full-time work.
The £111m scheme is the first-time small businesses will receive direct government subsidies for taking on trainees.
A Treasury spokesman said businesses would get a £2000 bonus payment “for every trainee they offer a work experience placement to”, and employers who were “new to providing trainees with work experience will also be eligible for the
Hot Business News Today
Rishi Sunak gives small businesses £1000 grants for young trainees
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Rishi Sunak will give small businesses £1000 grants per trainee if they take on young people for training schemes.
The scheme, which will be announced this Wednesday as part of the chancellor’s economic statement, will tens of thousands of young people a lifebelt against the coming tsunami of post Covid-19 unemployment.
The Bank of England has predicted that unemployment will rise to 10 per cent this year, as employees are weaned off the Coronavirus Job Retention Scheme from August.
>See also: IR35 freelance tax changes will go ahead in April 2021 – are you ready?
Small businesses that offer training for young people aged between 16 and 24 will be given cash “bonuses” of grants worth £1000 per youth up to a maximum of £10,000 per firm.
This unpaid on-the-job training is seen as a gateway to an apprenticeship and, ultimately, full-time work.
The £111m scheme is the first-time small businesses will receive direct government subsidies for taking on trainees.
A Treasury spokesman said businesses would get a £1,000 bonus payment “for every trainee they offer a work experience placement to”, and employers who were “new to providing trainees with work experience will also be eligible for the payment”.
The chancellor
Hot Business News Today
Rishi Sunak gives small businesses £1000 grants for young trainees
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Rishi Sunak will give small businesses £1000 grants per trainee if they take on young people for training schemes.
The scheme, which will be announced this Wednesday as part of the chancellor’s economic statement, will tens of thousands of young people a lifebelt against the coming tsunami of post Covid-19 unemployment.
The Bank of England has predicted that unemployment will rise to 10 per cent this year, as employees are weaned off the Coronavirus Job Retention Scheme from August.
>See also: IR35 freelance tax changes will go ahead in April 2021 – are you ready?
Small businesses that offer training for young people aged between 16 and 24 will be given cash “bonuses” of grants worth £1000 per youth up to a maximum of £10,000 per firm.
This unpaid on-the-job training is seen as a gateway to an apprenticeship and, ultimately, full-time work.
The £111m scheme is the first-time small businesses will receive direct government subsidies for taking on trainees.
A Treasury spokesman said businesses would get a £1,000 bonus payment “for every trainee they offer a work experience placement to”, and employers who were “new to providing trainees with work experience will also be eligible for the payment”.
The chancellor
Hot Business News Today
Britain could get £83bn boost if regions halved productivity gaps
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Britain would boost its economy by £83bn if regional productivity gaps were just halved.
Only London and the South East outperform the national productivity average, with Wales, the East Midlands and Yorkshire and the Humber the lowest-productivity areas.
If the 10 most under-performing regions could each make up just half their productivity gaps with average UK productivity, then UK GDP would be 4pc larger, according to PwC.
>See also: Small Business Minister Kelly Tolhurst – ‘Tech is key to solving productivity’
Employees working in small businesses account for 99.9pc of all business workers, while SMEs account for 99.3pc of all companies.
British output per worker though is between 10pc-15pc lower than it is in Germany, France and Sweden and more than 30pc behind the United States, PwC said.
Matching Germany’s average productivity would boost the economy by £180bn. per year.
Companies need to invest in staff training schemes, especially whe it comes to digital skills, PwC urged, while the next Government must invest in transport infrastructure.
John Hawksworth, chief economist at PwC, said: “We find, for example, that a 1pc increase in skills is associated with a 2pc increase in productivity in a local area.”’
Britain has suffered a lost decade when it
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How should I be training up my staff?
by Owen Gough • • 0 Comments
Participation in mentally and physically demanding adventurous training increases resilience in office workers. That is the central conclusion of research being presented today, Friday 12 January, by Nicola Bass at the British Psychological Society’s Division of Occupational Psychology’s annual conference in Stratford-upon-Avon. Nicola Bass says, ‘Building resilience in office-based staff is an aim for organisations,
The post How should I be training up my staff? appeared first on Small Business.
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Five fool proof ways to train like a boss
by Owen Gough • • 0 Comments
Changing career or getting that promotion can be a real nightmare, especially if you need specialist qualifications that you don’t have. The internet has opened doors for those who can’t get to a suitable course or don’t know where to find the support they need, but when everyone has the capability to set themselves up
The post Five fool proof ways to train like a boss appeared first on Small Business.
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Seven simple steps to create a successful staff training plan
by Owen Gough • • 0 Comments
Training your team is an investment – and one well worth making. Employees who lack skills or knowledge are likely to struggle in a role they aren’t properly equipped for, causing demotivation, anxiety and underperformance. But planning an effective staff training plan takes time and effort. It’s critical to understand each team member’s individual needs
The post Seven simple steps to create a successful staff training plan appeared first on Small Business.