© 2011 - 2021 DVV Media International Limited. Terms and conditions, • Employee Benefits Levy Funding: The government funding band for the Senior Leader Standard is £18,000, which is the maximum that can be funded through the apprenticeship levy. There are no direct fees paid by the apprentice as the programme is supported through the Apprenticeship Levy. The MBA element of level 7 senior leader apprenticeship standards is to be removed after being queried by the education secretary. The MBA apprenticeship was included as a part of the level-seven senior leader occupational standard scheme. IfATE stated that it would share all responses to the consultation with the trailblazer group “so they can produce a final version of the occupational standard currently intended for submission to the institute’s approvals process by 20 May”. The subject of MBA apprenticeships has been at the centre of criticism and controversial headlines upon its introduction. So, for example, on graduate schemes that are in effect being ’re-packaged’ as … MBA Apprenticeship Levy London connected Cambridge is just 1 hour 30 minutes drive north of London, or 50 min directly by train. Diversity & Inclusion Employee Benefits Awards HR Consultant This levy was introduced in 2017, giving employers control over which qualifications can be classed as apprenticeships. The implication is that management training including MBAs was already provided by organisations. Richmond proposed that the levy should not be used for degree and masters level training. The MBA apprenticeship which is a part of the level-seven senior leader occupational standard scheme is set to be scrapped this year. UK Apprenticeship Levy Under the UK government’s Apprenticeship Levy scheme, you can now utilise your levy fund in the most effective way by investing in the development of your senior leaders. Research published on the Early Impact of The Apprenticeship Levy by the Chartered Institute of Personnel and Development (CIPD) conducted during the time of its inception, warned that the levy will not result in an increase in training, whether for practical apprenticeships or for MBAs. This is not just the technical skills traditionally associated with apprenticeships but also higher and degree level executive and management training. With funding cuts looming on the horizon, the Institute for Apprenticeships and Technical Education (IfATE) announced the move to remove the MBA apprenticeship from the apprenticeship levy funding scheme – a decision which will be confirmed by the UK government in June. Hardy’s proposal came after warnings from the Institute of Apprenticeships and Technical Education and the National Audit Office that the apprenticeship budget is at risk of being overspent as the budget for England is set to be overspent by £0.5 billion this year, rising to £1.5 billion during 2021/22, according to the government agency for apprenticeships. Earlier this month the Institute for Apprenticeships & Technical Education launched a consultation on a revised version of the standard which scrapped all references to MBAs. Employee Benefits Live, • Occupational Health & Wellbeing This money can then be used to fund apprenticeship training, for new or existing staff, from Loughborough University or other Government-approved providers. Hardy also brought up the latest report on the apprenticeship system by former Department for Education adviser Tom Richmond, where he said 23 higher education institutions have developed an apprenticeship which requires a Ph.D., or another level eight qualification, to start. The employer group behind the programme has “revised” its content following a review ordered by the education secretary Gavin Williamson, who said in February he was “unconvinced” it was in the “spirit” of the apprenticeships programme… Employers can choose to spend their apprenticeship levy funding as they wish, including providing opportunities for current and aspiring leaders to study an MSc or MBA. Training A public consultation on the new standard will run until 29 April with a the new standard’s funding future to be decided by 1 June. Employment Law The government needs to keep an eye on those types of apprenticeships to ensure they are offering the development planned.”. “I believe degree apprenticeships should continue to be fully funded from the levy for people 25 and under, occupations on the shortage occupation list, and adults who do not already have an equivalent qualification.”. The Institute for Apprenticeships and Technical Education (IfATE) has responded to a letter from education secretary Gavin Williamson sent in late February to its chief executive, Jennifer Coupland, that questioned whether using apprenticeships for MBAs was providing good value for money. The business pays 5% towards the cost of apprenticeship training. Education secretary Gavin Williamson has called for a formal review of MBA apprenticeships – days after Tes revealed that over £100 million of levy funds had been spent on the controversial level 7 senior leader apprenticeship standard.. And with each start worth £18,000 from the apprenticeship levy pot, it is calculated that well over £100m has been spent on this standard. Privacy policy Speaking on day one of FE Week’s sixth Annual Apprenticeships Conference, Hardy said that she supports their expansion at higher education providers across the country, but a decline in opportunities for the “most disadvantaged” needs to be addressed. The Levy is collected at the same time as PAYE payments are made and can be used to purchase apprenticeship education through the Government Gateway’s Digital Apprenticeship Service. Employee Relations IfATE stated that senior leaders in an organisation are not bound by regulatory requirements to hold an MBA qualification. Although the apprenticeship levy will apply to employers across the UK, apprenticeships are a devolved policy. So, for example, on graduate schemes that are in effect being ’re-packaged’ as apprenticeships.”. It is of the utmost importance for the integrity of the programme and the apprenticeships brand that each and every standard meets our highest possible expectations.”. Williamson asked for a formal review. This means that a top-up of £9,000 must be covered by the employer, which cannot be recouped through the apprenticeship levy. So, for example, on graduate schemes that are in effect being ’re-packaged’ as apprenticeships.”. IfATE added that as such, there is no requirement to be a member of a professional body and an individual would not be significantly disadvantaged in the senior leader job market without this qualification. MBA apprenticeship funding comes from a levy scheme where employers with annual wage bills above £3 million make a mandatory contribution equivalent to 0.5 per of their payroll. Williamson’s letter in February informed Coupland: “I am unconvinced that having an apprenticeship standard that includes an MBA paid for by the levy is in the spirit of our reformed apprenticeships or provides value for money. If your school has a wage bill of £3m or above you will now be paying into the apprenticeship levy. What is the apprenticeship levy? LJMU's Masters-level apprenticeship has been designed with the CMI to meet employer training needs for senior/high potential managers. “I’d rather see funding helping to kick-start careers or level up skills and opportunities. The first Executive MBA programme in England to use the Apprenticeship Levy has started today at Cranfield School of Management. The Institute for Apprenticeships, the agency created by the Department for Education to administer the levy, has ruled that no more than £18,000 can be spent on master’s level degree courses. One of the most powerful ways you can generate value from your Apprenticeship Levy is to upskill your existing workforce. Payroll However, the Office for Standards in Education, Children’s Services and Skills (Ofsted) reported last year that these so called graduate apprenticeships were relabelled as such, from pre-existing graduate schemes. The introduction of the Apprenticeship levy will see large businesses (those with a turnover of £3m or more) paying 0.5% of their annual payroll into a fund which can then be drawn down against Apprenticeships. HR Director The report also contained warnings that many employers will simply use the levy to re-badge existing learning and pass it off as apprenticeship training. Health & Safety What is the Apprenticeship Levy MBA Programme? This is a flexible option, as it allows the MBA to be fitted around any career or personal obligations. Bringing you the latest news, trending topics and continuing professional education advice about online learning institutions worldwide. Plans to remove the controversial MBA component attached to the level 7 senior leader apprenticeship standard have been revealed. Wellbeing “The employer group have made a clear recommendation, which we are now consulting on. It is designed to boost productivity and competitiveness in England by investing in skills development. People Analytics Apprentices will work through a rigorous curriculum covering strategic management, finance, marketing, human resources and international business – preparing them for senior leadership. Hardy said: “Surely this should not be considered an apprenticeship,” and in her opinion, “the government should end the 100% use of the apprenticeship levy for courses equivalent to a master’s degree.”. The University can draw down this funding to either upskill existing employees or to train newly employed apprentices. The levy was introduced to help address the significant skills issues in the UK labour market. Organisational Development Employee Benefits Connect Compensation & Benefits Total revenues from MBA apprenticeships were expected to exceed £26m by May 2019, which would be about 1 percent of the money raised, according to TES. This apprenticeship is designed for any individual moving into a senior or strategic management role. You may be a strategic leader in the private, public or third sector organisation, who lead, manage and direct organisations or are working towards this role. Workforce Planning, • About Personnel Today The introduction of the levy has since increased the number of new apprenticeships up to the master’s level. Apprentices can continue learning on furlough, Fake apprenticeships are turning levy into farce, The IfATE stated: “As a senior leader, there is no regulatory requirement to hold such a qualification [an MBA], there is no requirement to be a member of a professional body and an individual would not be significantly disadvantaged in the senior leader job market without such a qualification.”, “The trailblazer has agreed to revise the occupational standard on this basis, focusing on ensuring that passing the revised end-point assessment (still to be drafted) will provide all the necessary assurance that full competence will have been achieved.”. CIPD’s skills advisor Lizzie Crowley warned that “There’s a real risk of abuse to the system and re-badging of existing training schemes internally to reclaim the levy money. If accepted, this involves co-investment. 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