Apprentice Wages and Employment Costs
The costs of employing an apprentice can vary. Apprentices are no different to any other type of employee – they have a job description, a contract of employment, holiday and sick pay entitlements and pension rights. However, because Apprentices are ‘in training’ there are different rules that govern what they are legally entitled to be paid. Apprentices for Business has an excellent three year track record of hiring and employing Apprentices and we operate Gold Standard apprenticeship schemes. We set out below our recommendations on what you should pay your Apprentices and identify all of the indicative costs relating to their employment.
The Hosting Model
The Hosting Model is our ‘full service package’ and enables you to be flexible about the overall cost of employing your Apprentice. The table below shows a range of recommended Apprentice weekly wages, associated ‘on costs’ (employers National Insurance contributions, workplace pension contributions, holiday pay accruals, recruitment and management fees) and total annual employment costs (based on hosting an apprentice aged 16-18):
The Hosting Model is invoiced fortnightly in arrears, so you only pay for the hours your Apprentice actually works. These are recorded and authorised via our simple online timesheet system. Email us for more information or arrange to see some Apprentice CVs.
There is a lot of Government support to financially help you and get your Apprentice trained, including a £1500 Grant to help with employment costs – See our Funding pages for details.
The Direct Employment Model
The Direct Apprentice Employment is avilable for a standard fixed recruitment fee, based on a percentage of the Apprentice’s gross annual wage. If you are thinking about recruiting more than one apprentice we are often able to offer substantial discounts.
Typically we charge 12% of the apprentice’s gross annual salary cost invoiced in two parts: 50% when the Apprentice starts work with you and 50% at the end of month three (typically when the Apprentice has passed their probationary period). Email us for more information or arrange to see some Apprentice CVs.
There is a lot of Government support to financially help you and get your Apprentice trained including a £1500 Grant to help with employment costs – See our Funding pages for details.