The way the government funds apprenticeships in England is changing. Some employers will be required to contribute to a new apprenticeship levy, and there will be changes to the funding for apprenticeship training for all employers.
Hiring an apprentice is a great way to recruit new talent for your business. It's a flexible way of generating the skills you need to stay competitive. Apprenticeships can also improve the productivity and effectiveness of your existing staff.
The levy will impact businesses differently based on the size of the annual wage bill. Here are the top five things you need to know about the levy for both levy paying and non-levy paying companies...