In her monthly South Wales Argus column, Acorn’s Commercial Director, Sarah John talks about the South Wales HR Network’s latest seminar; The Apprenticeship Levy – how will it affect your business?
As you may remember from my last column, last Wednesday I attended an Apprenticeship Levy focused seminar.
Run by the South Wales HR Network, in partnership with Acorn and the South Wales Chamber of Commerce. The event, aimed at Directors, HR and Training Managers, consultants, advisors and employers in general, helped them to understand the Apprenticeship Levy and how it may impact on their Welsh-based organisations.
We welcomed over 60 attendees to Cardiff City Stadium and as Director of Acorn’s Training Division and newly appointed Interim Chairperson for the NTfW; I welcomed attendees, setting the scene and introduced how the UK government is planning to implement a compulsory payroll tax for all employers with a pay bill of more than £3 million each year.
The event was a fantastic success and I was thrilled to see so many people there representing strong sustainable Welsh businesses. Much debated in the press, we are still unsure exactly how the proposed levy will affect Wales but the seminar did shed new light. So here are the key insights I took away:
To conclude, regardless of whether or not you are in favour of the levy, since news of the proposed tax broke, we haven’t stopped talking about apprenticeships, and the value of them. Ultimately, the levy throws up a number of questions that are yet to be answered and so in the meantime, I would urge all employers to continue working with their training providers to assess their needs and source of funding.
NB: with thanks to Kevin Green, Chief Executive at REC and the Welsh Government;s Apprenticeship Unit who gave me me and attendees invaluable insight.