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Skills The Chancellor of the Exchequer presented his ‘Plan for Jobs’ to Parliament in July, outlining how the Government will boost job creation in the UK. Here, George Swann , FIS Skills and Training Lead, suggests that the way to build on that is for companies to invest in young people. AFFORDABLE APPRENTICES 30 www.thefis.org I N the past, initiatives have been too fragmented, objectives and funding were not always aligned and qualifications and training were looked at in isolation. It is vital that we get behind this Plan for Jobs, pull together as a supply chain and focus our efforts on a more consistent approach to developing competency and managing careers within our sector. Through initiatives like its BuildBack programme, FIS is working with suppliers to link potential employees with employers. Applying the new apprenticeship standard, FIS working groups and its growing George Swann, FIS Skills and Training Lead network of approved training providers are developing Industry Standard Competency SAKE Frameworks (skills, attitudes, knowledge and experience) that map careers in a more consistent way. 2020 apprenticeship incentives Apprenticeships aremademore affordable by incentive funding of up to £3,000 for employers that take on an apprentice between 1August 2020 and31 January 2021, plus, of course, the CITBgrants available for apprentices. From 1 September 2020, employers can apply for incentive payments for hiring a Wage and value of apprentice’s contribution to production Period of apprenticeship Experienced worker Employer costs Employer benefits during apprenticeships Worker productivity Employer benefits after apprenticeship training Experienced worker’s wage MP = Marginal product of labour Apprentice wage A stylised model of apprenticeship training Source: Modified figure based on (1). IZA World of labor new apprentice. To help you make the most of this pot of money, visit the Govermnent apprenticeships website. For apprentices aged: • 16 to 24, you’ll receive £2,000; and • 25 and over, you’ll receive £1,500. Follow these three steps for funding payments: 1. Hire a new apprentice(s) between 1 August 2020 and 31 January 2021. FIS can help you with recruitment and selection or visit ‘the Government recruit an apprentice website to see apprenticeship vacancies and traineeship opportunities in England. 2. Open a National Apprenticeship Service account at the Government how to register and use the apprenticeship service website and apply for the payment after you add the new apprentice(s) to your apprenticeship service account. 3. You will be eligible for two equal instalments after your apprentice completes 90 and 365 days of their apprenticeship. Employers can spend the funding payment on anything to support their organisation’s costs. This is in addition to the £1,000 payment already available to help