If you are a executive of a large firm or a young person swayed into a career in construction / building products, the below is well worth a read.
With mandatory numbers put in place I am not sure how owners of recruitment budgets within these firms will feel, but the industry has been banging on for the last three years that apprenticeship attraction was at the forefront.
The Government’s new apprenticeship levy will come into force next Spring when firms with a wage bill of more than £3m will have to contribute 0.5% of annual pay. Large companies will still have to make levy payments to the CITB as well with at least 900 firms facing a double whammy. But CITB bosses are working on plans to hand back around £38m in duplicated payments in the form of rebates. Today’s Government guidance said: “Some industries already operate levy systems, or other collective training arrangements. If you already contribute to one of these, you will still be required to pay the apprenticeship levy. “The Industry Training Boards for the construction, engineering construction and film industries will consult their members on potential changes to their existing levy arrangements.”