A Simple Step to Business Improvement – Introducing the Level 2 Apprenticeship
It’s an all too common story, but many businesses are held back from growing because they think they need to heavily invest in resources (equipment, IT, manpower) in order to change that.
But sometimes, it can be the small investments that can make a dramatic difference to business improvement and how the organisation operates.
For example, recruiting an Accounts/Finance Apprentice could provide:
- much needed support to your accounting function, ensuring information is kept up to date and enquiries are dealt with;
- your business with improved financial information which could help identify cost savings, but also aid decision making for the business; and
- an additional pair of hands which could be used for any financial or admin related tasks within the business, thereby freeing up more senior staff to carry out more added value activities.
In terms of business improvement, our recently launched Level 2 Accounts/Finance Assistant Apprenticeship is just what you need!
Why employ an Accounts/Finance Apprentice?
Accountancy Learning’s Level 2 Accounts/Finance Apprenticeship is a perfect role for any business that would benefit from someone working in a combined admin and finance support function. It is a great way of providing an opportunity to a local school leaver who has little or no prior experience but is keen to start their career.
Our highly skilled and experienced tutors will work with your organisation to ensure your apprentice receives the necessary training, support and hands-on experience to turn them into a competent and valued member of your team.
Not only do we help them to pass their Level 2 Apprenticeship, as part of that process we also get them to sit the Association of Accounting Technician’s (AAT) Foundation Certificate in Accounting.
After successful completion of the Level 2 Apprenticeship, your student could then enhance their development by moving onto our Level 3 Assistant Accountant Apprenticeship, thereby taking on more responsibility within your finance department.
Recruiting an apprentice is cheaper than you think!
If you recruit a Level 2 Apprentice who is aged 16-18 years old at the start of the apprenticeship, their training is fully funded by the government. If they are over 18, you will need to pay an employer contribution of £300 + VAT.
You will be required to pay the AAT’s initial registration and annual membership fees of £48 and £99 respectively.
You will also need to pay them of course! Whilst the National Minimum Wage for an apprentice in their first year is only £4.15 per hour, we strongly recommend that to attract good quality candidates you pay more, based on the local going rate for apprentice wages. We can advise of local rates across the south west.
However, there are currently two government grants which aim to assist businesses in their decision to recruit an apprentice. The first is an ‘employer incentive’ of £1,000 which is payable if you recruit an apprentice between 16-18 years old. This is payable in two equal instalments, the first 50% is paid after 90 days of employment, the second after 365 days.
Plus, in a bid to incentivise employers to recruit young people, as a result of the effects of the coronavirus, the government is currently offering an additional wages subsidy for new apprentices who are employed between 1 August 2020 and 31 January 2021. In doing so they will pay employers an additional £2,000 for apprentices aged between 16-24 years old or £1,500 for apprentices aged over 24.
Further details of the government incentives for employing an apprentice can be found here.
HOT OFF THE PRESS!! It’s just been announced that the deadline for these government incentives (as outlined above) has been extended until 31st March 2021.
It is a great time to take on an apprentice, but you must ACT NOW if you want to claim the additional government incentives.
Recruiting your apprentice – making it happen!
Taking on an apprentice can feel like a daunting task, but trust us, it doesn’t have to be!
We can help and support you every step of the way. Specifically, Accountancy Learning can help you:
- spec out the role your organisation needs and put together the job description based around the skills sets of an accounts or admin assistant;
- understand what training and support will be provided by us and what work based activities you will need to arrange;
- advertise your apprenticeship on our website, on the ‘Recruit an Apprentice’ website and also on the Indeed recruitment platform;
- identify top quality candidates who have the right attitude and aptitude for the Accounts/Finance Apprenticeship by getting candidates to complete our ‘Bookkeeping Aptitude Test’;
- access the relevant grants and funding schemes and help you to claim the maximum amounts for your organisation;
- with the all training, mentoring and support which your apprentice will need to successfully complete their apprenticeship and qualifications.
‘Free’ apprentice recruitment service
Our Talent Programme helps us to match employers with the best candidates. Whilst we do not charge for this service, this is on the basis that the employer will use Accountancy Learning for their apprenticeship’s training. If you would prefer to use a different training provider, we reserve the right to charge for making use of our Talent Programme facility.
Training and supporting your apprentice
You can be assured that your apprentice will receive the best possible training and support if you use Accountancy Learning. Not only are we a multi-award accounting training provider, but our exam pass rates are some of the best in the country and well above the national average.
Your apprentice will be assigned a personal tutor who will help them through each stage of their training. They will guide them through the online and hard copy training manuals, answering questions and providing additional support where needed. This is done using our MS Team online video conferencing, phone and email support, as well as face to face tuition in one of our training centres in Taunton, Exeter, Plymouth and Falmouth (subject to current Covid-19 restrictions).
Unlike college-based apprenticeships which are largely governed by term/timetabled teaching and exam dates, our apprenticeships can start at any time of the year and are run as a “roll on, roll off” programme. In doing so, we only put your apprentices forward for their exams or ‘End Point Assessment’ when we are confident that they will pass.
By working closely with you and your apprentice, we aim to develop their skills and abilities to become a valuable asset to your team.
Curious? Want to know more?
The first step to business improvement is simple. Let’s have a chat. You will be under no obligation to take things further, but by having a chat we can explain in more detail the apprenticeship process and how it could be a real benefit for your business.
To kick start the process, please phone Simon Deane, on 01392 311925 or email him at [email protected].