With the Apprenticeship Levy just around the corner - BPP Professional Education can today reveal some illuminating research into how key sectors intend to make the most of the game-changing investment.
Our Apprenticeship Levy Study - a research report created in partnership with Trendence UK and Group GTI - offered market-leading insight into how some of the UK's top employers were dealing with the many opportunities and challenges the Apprenticeship Levy posed.
And we've delved even further into those compelling findings to discover some revealing differences between key sectors including Financial Services, Professional Services, Legal and Public.
You can download the reports by sector below, and, in the meantime, here's our highlights from the crucial research:
All plan to use the levy, and over half want to spend it within two years. Employers say they are keen to compensate apprentices well to attract the very best in a competitive market. And a huge 94% of employers say they will offer high-level apprenticeships - the biggest proportion in any sector we surveyed.
Two-fifths of employers want to recoup most of their levy spend within four years, compared to nine in ten of Professional Services. Meanwhile, three-fifths of employers plan to pay apprentices the going rate for the job and none will pay them the minimum wage. Half will also place apprentices into direct vacancies and well over two-fifths will fund them from the business.
Law firms saw social mobility as a key objective - with two-thirds saying this was a reason they wanted to use the levy. Firms are also keen to use the investment to recruit under-25s into the business.
Employers here ideally want to target those over the age of 50 for apprenticeship programmes.
To keep abreast of our Apprenticeship Levy updates, visit "BPP Insights".