Published: Sat, March 09, 2019
Markets | By Otis Pena

AXA UK celebrates National Apprenticeship Week with multiple vacancies

AXA UK celebrates National Apprenticeship Week with multiple vacancies

The NAO also accused the Education and Skills Funding Agency (ESFA), the government department responsible for delivery of the levy, of failing to take sufficient measures to ensure the quality of new apprenticeships. The most alarming news is that Department for Education might consider options including cutting the number of apprenticeships available for non-levy-paying employers because of concerns about the future sustainability of the apprenticeship funding system. And for those who do pay the Levy, it's easy to open an account on the apprenticeship service to access your funds and pay directly for apprenticeship training - more than 90% of large employers have already done so.

Group HR director Hannah Pentecost said: "The programme has allowed us to offer greater opportunities and career development for our teams, and in return we have committed employees who are invested in the success of our business". The proceeds then go towards paying for more people to start apprenticeships at those companies.

The NAO states that government is "very unlikely to meet its target of three million apprenticeship starts by 2020". In the financial year starting April 2017, levy-paying employers used nine per cent of the funds available to them to support new apprenticeships, equating to £170m of nearly £2.2bn available. The latest CMI research shows that 89% of management apprentices say their management apprenticeship is enhancing their career prospects, and 92% say the apprenticeship is helping them develop the skills they need to be more productive at work.

Also, there has been a decline in the lower-level apprenticeships and a rise in the higher, degree equivalent ones. In fact, it would have to double the number starting new apprenticeships to stand any chance of hitting that target.

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"It has much more to do to meet is ambitions". If the Department of Education is serious about boosting the country's productivity, it needs to set out clearly whether its efforts are on track to meet that aim'.

Matthew Fell, chief United Kingdom policy director at the Confederation of British Industry, said: "Today's report confirms what employers already know - that the Apprenticeship Levy is not yet working as intended and is holding back the Government's welcome efforts to modernise the skills system".

BB Training, which delivers apprenticeships, CPD courses and accredited qualifications to the early years, adult social care and clinical care sectors, has launched the "Become 1 in 300" initiative as part of National Apprenticeship Week this week (4-8 March 2019).

A DfE spokesperson said: "The apprenticeship programme gives employers the opportunity to provide new and existing staff with a range of opportunities to gain skills in the workplace and makes sure we have long term investment in apprenticeships".

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