Higher training costs for older workers risks plan to tackle youth jobs crisis, employers say
Reported by The Guardian Business, not nibnow. We are not the publisher of this story, only the source is.
Employers warn that raising the cost of training workers over 25 could undermine efforts to address the youth unemployment crisis, potentially limiting job opportunities for younger people.
Exclusive: Ministers planning overhaul of apprenticeship funding to increase cost of over-25s training, Guardian understands Britain’s largest employers have told the government that forcing businesses to pay more to train older workers risks damaging its goal to tackle the youth jobs crisis. The Guardian understands ministers plan to overhaul Labour’s apprenticeship funding scheme to increase the cost of training a worker over the age of 25 in England by 25%, to encourage firms to train young p
The UK apprenticeship funding system, introduced by Labour, subsidises training costs and currently offers lower fees for apprentices under 25; the proposed overhaul would raise fees for older trainees by about 25%, shifting the financial burden to employers.
- •Official government announcement of the apprenticeship funding changes
- •Reactions from major employers and industry groups
- •Potential adjustments to youth hiring or apprenticeship programmes in response