Umbrella members of the Association of Professional Staffing Companies (APSCohave donated unused Apprentice Levy funds to assist others in sending delegates on the Executive MBA in Human Capital.
The new programme, which is being delivered by Cranfield School of Management and was developed in conjunction with APSCo and Grant Thornton UK, is the first EMBA which is tailored specifically for the recruitment and talent management sectors.
Members which have shared parts of their own Apprenticeship Levy pots for the benefit of the wider recruitment profession include Orbital Payroll Group, Sterling Group and PayStream.
This has been made possible thanks to new rules introduced in April, whereby employers who can’t use their entire pot to upskill their own people are able to donate 25% of their funds to other companies rather than it being absorbed by the Treasury. Due to the large payrolls umbrella companies run, they typically have significant Levy pots.
When donated funds are coupled with APSCo bursaries, the cost of the EMBA for members is reduced from £27,000 to £7,000.
Jonathan Myatt, Director, Orbital Payroll Group said:
“As a payroll provider, we have a sizable Apprenticeship Levy pot that we cannot feasibly exhaust within our own organisation. However, through donating a portion of our unused funds to other APSCo members which are not Levy payers, we are providing recruitment professionals with an opportunity to upskill themselves to MBA level and putting money to good use that would otherwise simply be absorbed by the Treasury.”
Janene Rudge, Commercial Director, Sterling Group added:
“Sterling are delighted to be working with APSCo to assist with the funding for the Executive MBA. Encouraging and supporting employees with further qualifications and training is extremely beneficial for both the company and the employee and Sterling are pleased to be part of this.”
A spokesperson from PayStream said:
“PayStream is delighted to be supporting this exciting new initiative with APSCo. Investing in and training our future recruitment stars is something that PayStream strongly believes in and we are sure that this Executive MBA programme will prove to be a great success and highly sought after by many UK recruitment professionals.”
Ann Swain Global CEO at APSCo, commented:
“It’s fantastic that APSCo members have come together to donate their surplus levy funds to help the wider recruitment industry. I’m very thankful to everyone involved in supporting the Executive MBA programme and ensuring that our people continue to be able to learn the valuable skills that will strengthen the profession.”
If you would like further information on using or sharing Apprenticeship Levy funds to finance this programme, please contact Elaine Jacobs on +44 (0)20 7383 5100 or at [email protected]
APSCo members share unused levy funds for benefit of wider recruitment profession
Umbrella members of the Association of Professional Staffing Companies (APSCohave donated unused Apprentice Levy funds to assist others in sending delegates on the Executive MBA in Human Capital. The new programme, which is being delivered by Cranfield School of Management and was developed in conjunction with APSCo and Grant Thornton UK, is the first EMBA […]
Home » Articles » APSCo members share unused levy funds for benefit of wider recruitment profession
Categories: Articles
Sign up to our quarterly newsletter to receive the latest and most relevant updates, interviews and opinions from finance’s leading lights.
SubscribeView the latest issue of the Wealth & Finance digital magazine which features business profiles of leading industry insiders who are thriving in the finance and investment sector.
See Latest IssuesInstitutional investors view activism as a successful tool used among hedge fund managers to increase returns and stimulate growth in their investments, according to a new survey.
Renewable energy projects can offer significant investment opportunities for developers, investors and landowners, with recent high profile investors including Bill Gates who has announced $2 billion investment in green energy technology and research. However with the sector changing fast in terms of the support mechanisms, the question is: which onshore technology provides the best investor returns?
Following recent wave of $1bn valuations, the founder of the $2.7bn commerce specialist believes the global investment spotlight has fallen on the UK.
Malcolm Marshall, UK and global lead in KPMG's cyber security practice says amid political disputes businesses need to be ready to defend themselves, as the cyberspace in which they operate increasingly becomes the new battleground.
With the new tax year starting on Easter Monday (6 April), changes to some tax rates and allowances will be introduced that individuals can take advantage of. ICAEW advises taxpayers to check which changes could make a difference to their personal finances and to get expert advice if unsure.
Technological innovations in fintech are continuing to evolve, as we reach the halfway point of 2023. Gen Z is leading the way for fintech service adoption as physical cash continues to diminish, whilst digital wallets, robust blockchain offerings and super apps grow in popularity.
Corinthia Hotels announces the acquisition of the Hotel Astoria in Brussels. This part-listed, trophy property has stood vacant for 10 years, but will now be fully refurbished as the city’s leading luxury hotel, branded the Corinthia Grand Hotel Astoria.
In the light of the pandemic many are experiencing financial difficulties and are feeling the pressure of waiting for payday. Research carried out by Money Advice Service has previously discovered in the UK there 8.3 million adults who have found meeting monthly bills a “heavy burden” and have missed more than two bill payments in a six-month period. With the current economic climate and new research performed by EY, the weight of financial commitments is now at the forefront of people’s minds, as a result employers are exploring ways to alleviate the financial pressures currently felt by many.
Spain’s largest SICAV Torrenova, has doubled assets over the past year as European investors seek growth with security in a total return environment.
One of the most frustrating things to you is renewing your car insurance to discover that the premium rates have gone up, even though you have not had any changes on your end.