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Monthly Archives: November 2015

New Apprenticeship Levy set at 0.5% of company payroll bills

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It has been announced this week by Chancellor George Osborne that a New Apprenticeship Levy of 0.5% on company payroll bills will be imposed from April 2017. The government has
estimated that the new levy will raise approximately £3bn a year which will fund three million Apprenticeships by 2020.

In the last parliament the number of apprentices increased to more than two million and the Chancellor called the Government’s Apprenticeship programme “the flagship of our
commitment to skills”.

An allowance of £15,000 for employers means that the new Apprenticeship Levy will only
impact employers who’s payroll bills are over £3m, the government estimates 98% of employers will be exempt from paying this charge. Employers who do not pay the Apprenticeship levy will still have access to government funded Apprenticeships.

For more information about the Apprenticeship Levy, please visit: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/479648/apprenticeship_levy_response_25112015.pdf

Latest figures show the number of NEETs are continuing to decrease as more young people enter Education, Employment and Training

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Record breaking figures have been released by The Department for Business, Innovation and Skills (BIS) that show figures for young people not in education, employment or training (NEET) are down 1.6% compared to the figures this time last year.

The government is aiming to create 3m more Apprenticeship starts by the end of this parliament which will create more career opportunities in the future for young people. The figures published this week by BIS show that there was nearly 900,000 Apprenticeship starts in the 2014/2015 academic year.

The figures show that: (Figures from GOV.UK Website)

  • 16 to 18-year-olds who were NEET had fallen by 0.3 percentage points to 10.2%, a fall of 11,000 to the lowest July to September rate since consistent records began in 2000
  • 16 to 24-year-olds who were NEET had fallen by 1.6 percentage points to 13.8%, down 103,000 and at its lowest July to September rate since consistent records began in 2000
  • 19 to 24-year-olds who were NEET had fallen by 2.3 percentage points to 15.4%, down 92,000 to the lowest July to September rate since consistent records began in 2000

For more information on this announcement, please visit: https://www.gov.uk/government/news/neet-figures-continue-to-beat-records-as-more-young-people-enter-education-employment-and-training

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Looking for your next Recruitment / Sales role?

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We currently have some excellent opportunities available NATIONWIDE for Recruitment Consultants and Business Development Staff! Take a look at a few of our Sales vacancies of the Week!

SALES BULLETIN

For further information, do not hesitate to contact The Recruitment Team on: 01543 279752 | info@kmrecruitment.co.uk

Looking for your next Assessing role?

KM Recruitment Logo
KM Education Recruitment are specialist recruiters who work only within the Training Industry.

We currently have some excellent opportunities available NATIONWIDE for Assessors, Verifiers / IQA’s and Tutors! Take a look at a few of our Assessor vacancies of the Week!

ASSESSOR BULLETIN

For further information, do not hesitate to contact The Recruitment Team on:
01543 279752 | info@kmrecruitment.co.uk