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CO-OP: APPRENTICES BOOST TALENT

The Co-op Group plans to enable apprentices to reverse mentor ‘colleagues’ (employees) and is also looking at degree-level apprenticeships. The Group is one of a number of organisations being creative with apprenticeships to meet talent development needs. Interest in apprenticeships has increased as this month (1 May 2017) sees the UK’s Apprenticeship Levy kick in, requiring organisations with an annual wage bill of more than £3 million to invest 0.5% into the government’s apprenticeship scheme. The Co-op already welcomes older skilled apprentices, and existing colleagues wanting to develop a new knowledge area. Craig Whaites, group head of leadership and learning, […]

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HOW TO… MAXIMISE AN APPRENTICESHIP LEVY INVESTMENT

All employers with an annual pay bill of more than £3 million must pay a levy of 0.5% on it, to be recouped by employing apprentices. How can employers and coaches/mentors ensure this investment is maximised? By Annette Allmark Research indicates that 80% of companies that invest in apprentices report an increase in staff retention. There’s also compelling evidence that progressing the brightest and best talent through apprenticeships can significantly boost the bottom line. So how can the new-style apprenticeships be used to maximise levy investment and effectively develop talent and increase productivity and retention? And where might coaching and […]

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