Why employ an apprentice?
Whether you are a large employer paying the apprenticeship levy or a small or medium enterprise, employing apprentices makes good financial business sense. Research by the governments Education and Skills Funding agency has shown that apprentices give an excellent return for the investment of between 150 to 300% and apprenticeships reduce long term recruitment and training costs.
RICS see apprenticeships as one of the key ways that employers can meet their skills needs and expand their talent pool by attracting a more diverse range of talent with alternative routes into the profession. RICS can help employers with any questions you have about how to maximise the benefits that apprentices bring to your business.
Not all surveying pathways are available through the Chartered Surveyor degree apprenticeship. Employers should ensure that the pathway they choose is the most appropriate for the apprentice as changing pathways, unless very early in the apprenticeship, may not be possible. The Chartered Surveyor degree ends with the APC-24 assessment. No other assessments are possible. The Chartered Surveyor degree apprenticeship requires apprentices to pass an RICS accredited degree, but apprentices will not pass the apprenticeship unless they also take the APC-24.
There are many flexible ways that an apprenticeship can be made to fit your business needs. The government have produced this handy guide with contributions from RICS, showing how some construction companies and providers are working together.
What does it all cost?
An apprentice is an employee, so their employer has to pay them a suitable wage. Obviously existing employees who are learning new skills and developing their careers by becoming apprentices retain their existing salary and conditions. New recruits should be paid a wage that is competitive for the market. There are rules governing the minimum that you can pay an apprentice, but most employers recruiting surveying apprentices will pay a salary that is competitive to fill the vacancy.
How do I pay for apprenticeships?
Large employers with a staff payroll of over £3m will pay 0.5% of that pay bill as a levy, paid via their PAYE systems. This levy payment funds the training for any apprentices that they employ, both new recruits and their existing workforce. Smaller non-levy paying employers pay for their apprenticeships through the Government Apprenticeship funding scheme, which is a subsidised formula where the government pay 90% of the cost and the employer pays 10% of the cost.
Levy paying employers can also pass up to 25% of their unspent levy funds to as many other employers as they like – this is known as a Levy Transfer.
Each apprenticeship has been assigned to a price cap which tells you how much apprenticeship levy or Government Apprenticeship funding scheme, which is a subsidised formula where the government pay 95% of the cost and the employer pays 5% of the cost. .
How do I select a Training Provider?
Training providers, in England, who have RICS recognition and are on the Register of Apprenticeship Training Providers can be searched for here.
How do I recruit an apprentice?
The process for enrolling staff (new or existing) onto an apprenticeship should be relatively straightforward and you should be supported by the training provider who you engage to deliver the training for you. In addition to using all your existing channels, you can advertise apprenticeship vacancies for free through the National Apprenticeship Service and RICS Recruit.
Get in touch
As your professional body we are here to support all employers on their apprentice journey. If you are looking to recruit apprentices for the first time then download our employers guide or contact us with any questions.
If you already an apprenticeship scheme get in touch with us so we can link up and help promote your opportunities.
Download our guide for employers looking to recruit surveying apprentices