10 useful tips on how to develop a successful levy strategy
14/10/2016 - by Jenny Catlin
By approaching the levy in a strategic way, you can ensure the money is invested in the right place for your organisation.
The apprenticeship levy comes into force in April 2017. This means that if your business has a salary bill of more than £3m a year, you will have to start paying 0.5% of your total UK payroll into a training fund that can only be spent on apprenticeships. But rather than looking at this as just another tax to pay, see it as an opportunity to create a positive impact on your business.
Here are our 10 tips for developing a successful levy strategy for your organisation:
1. Think of the levy as an investment, not a tax
Look at where you can use apprenticeships to drive productivity, sales or the customer experience, and approach it as an opportunity to bring in new and more diverse talent into your business.
2. Get buy-in across the business
From board level to shop floor, you need commitment from both!
3. Develop an identity
Developing a brand or an identity for your apprenticeship programme can help you to create a positive outlook around it.
4. Keep it simple
If you’re just beginning on your apprenticeship journey, then it’s best to start small. Pick one function from your business, and focus on just a couple of job that would benefit from an apprenticeship. Once you start to see success there, you can look to grow your programme.
5. Look across all levels, not just entry
Despite being typically associated with entry level roles, apprenticeships are available all the way up to degree-level qualifications. You can also turn existing roles into apprenticeships, and have existing staff enrol onto the programmes.
6. Futureproof with the right choice of partner
Approach the selection process in the same way you would any other procurement activity. Be clear about what you want from a training provider, and choose one that can grow with you.
7. Consider a managed service solution
A managed service can offer a one-stop-shop for all of your apprenticeship requirements — they can manage any specialist training that’s needed and handle all funding activity.
8. Develop a plan for attraction and engagement
Ensure you have a plan in place for attracting new recruits onto your apprenticeship programme, but also consider how you will market the initiative to your existing staff. Consider building a pipeline through a pre-employment scheme.
9. Remember what already works for you in L&D
Any of the delivery models currently used for learning should also be considered for your apprenticeship programme — this could include eLearning, social learning, gamification, etc.
10. Plan, pilot and review
Consider launching a pilot of your programme before the levy comes into force, so that you have more time to get it right!
How we can help
Our programmes are helping clients to attract and retain talent, professionalise the workforce and migrate existing L&D activity to apprenticeship programmes.
Our apprenticeship managed service approach enables clients to maximise the potential they can release from publicly-funded programmes and the apprenticeship levy.
We do everything we can to make taking an apprentice on as simple as possible. We have a dedicated team in place, ready to guide you through every step of the process. If you would like to speak to us, please get in touch: firstname.lastname@example.org.
Jenny Catlin is Account Director with responsibility for overseeing key strategic accounts, primarily across the Civil Service and the Wider Public Sector. An expert in apprenticeships and the wider learning and development market, she has over 17 years’ experience in the development and delivery of employer driven training initiatives.Back