Cirrus CEO Dr Simon Hayward comments in Personnel Today
The UK government is to allocate an additional £90 million in apprenticeship levy funding.
The UK chancellor Philip Hammond has announced apprenticeship levy reforms, including an extra £5 million to help offer more training options. It is hoped this will be achieved through the introduction of new apprenticeship standards or updating existing ones.
Hammond said: “We have heard the concerns about how the apprenticeship levy is working… so today we’ve set out a series of measures to allow firms more flexibility in how the levy is spent.
“But we know that we may need to do more to ensure that the levy supports the development of the skilled workforce our economy needs. So in addition to these new flexibilities, we will engage with business on our plans for the long-term operation of the levy.”
Dr Simon Hayward, CEO at leadership development business Cirrus, said the term ‘apprenticeship levy’ was misleading as the levy funds can be used to train a variety of employees – not just those starting their career.
“Neither is it merely a ‘levy’ – it contributes to your organisation’s very own government-subsidised learning and development fund,” he said. “Despite the lack of clarity around its moniker and positioning, there is huge value to be gained from the levy.
“The Chancellor has an opportunity to reframe the initiative and encourage businesses to support learning and development programmes with meaningful investment throughout their employees’ careers, which could be transformational for individuals, organisations and the UK economy.”
© Personnel Today 2018