Our simple succinct guide to what you need to know
We’ll navigate you through the apprenticeship Levy. We spend a lot of time helping businesses to craft a levy strategy that ensures they get the most out of their money. Our Levy FAQ should answer most of your questions, but if you need any more information just drop us a line at info@multiverse.io
Frequently asked questions
Your Apprenticeship Levy Checklist
We recommend following the 6 key steps below to ensure your organisation is fully compliant with the Apprenticeship Levy regulation.
The pilot scheme is particularly important - if you don't have any apprentices in your business now and you're impacted by the levy, it's vital you start a pilot as soon as possible to understand exactly what to expect when it comes to employing apprentices.
Understand your Levy Spend
Quantify what your monthly Levy payments are. This should be straightforward; simply calculate 0.5% of your gross annual payroll and divide by 12. At this point, if you’re affected by the Levy the money will already be entering your digital account.
Business Need
Identify where you have need across your business for entry level talent and then embed apprenticeships within your recruitment plan.
Pilot Scheme
If you’ve never recruited an apprentice before, start small with a pilot scheme - hire a small number apprentices initially and trial your onboarding process.
Assess impact
Approximately 3 months after recruiting your first apprentices, assess the progress of the programme and the impact the apprentices are having.
Expansion
Now you’ve found the right approach, you’re ready to expand. We’ve found that apprentices really thrive when they have direct peers within the workplace and aren’t left isolated.
Design / develop
Your programme’s working, you’ve expanded it; what next? Now you can look at expanding the range of apprenticeships within your organisation and develop clear progression options.