Did you know that it's never been more cost effective to employ apprentices following a recent relaxation in Employer NI contributions for anybody on an apprenticeship between the ages of 21 and 25?
The new relief came into force from 6th April and could save an employer of an apprentice earning £10,000 p.a. approx. £244, and an employer of an apprentice earning £15,000 p.a. approx. £947. The good news is that this ruling applies not only to the recruitment of new staff on an apprenticeship scheme but to existing staff who are given the opportunity to take the apprenticeship route. With some government funding still available to help fund apprenticeships, there has never been a more cost effective opportunity for employers to increase their staff's effectiveness through the type of structured, work based training that an Apprenticeship brings to the table.