If an apprentice is under 25 years old, on an approved UK government apprenticeship standard, and earns less than £967 a week (£50,270 a year), employers may not be required to pay Class 1 NI contributions for them.
Apprenticeships are a cost-effective way to develop talent tailored to your business needs.
By training apprentices in-house, you can reduce recruitment costs and mould them to fit perfectly within your company’s culture and requirements.
Additionally, government funding and incentives to support apprenticeship training can further reduce costs.
Apprenticeships provide practical, on-the-job training specific to your industry. This hands-on approach ensures that apprentices gain the necessary skills and experience to become valuable assets to your business.
Investing in apprenticeships fosters loyalty and motivation, leading to a dedicated workforce equipped to drive your business forward. To maximise the benefits of apprenticeships, you can take advantage of the comprehensive free support available from Ladder for Staffordshire.
To learn more about how apprenticeships can benefit your business, contact apprenticeships@ladderforstaffordshire.co.uk
