The introduction of the Apprenticeship Levy is encouraging more employers to focus on developing young people.
Lara Mazzolari, HR Partner at Dealer Management System provider, Pinewood Technologies, said there are thousands of pounds available for training the next generation of talent.
All businesses with an annual wage bill of over £3 million are required to contribute 0.5% of their payroll towards the government levy, which subsidises the training and education of UK apprenticeships.
In return, employers are eligible to receive an allowance of £15,000 towards funding their own apprenticeship schemes.
The levy is not just restricted to larger companies or aimed at recruiting college leavers – businesses with a wage bill below the £3 million quota also benefit with a 90% subsidy offered towards the training costs of both technical and business based apprenticeships.
Mazzolari said: “We appreciate how difficult it is to find the right people. We have an ever-expanding team at Pinewood. This includes degree-level apprentices and Level 3 apprentices.
2The levy has let us develop the specialist industry knowledge and software skills we look for in candidates, adapting to our values and culture from a young age, so we can easily shape them into the ideal fit for each role.”