Tag Archives: government

Apprenticeship over education?

16 Mar

More and more young people are opting to do pursue an apprenticeship rather than a degree and if you’re aged between 16-24 and don’t have a higher qualification then it’s a fantastic option.

Often people will dismiss apprenticeships due to their pay rate, however the rate of pay can be quite surprising. Although the minimum apprenticeship wage stands at £3.30, the average wage during an apprenticeship is £170 a week with many companies paying up to £270. Studies* also show that on average those who have attended an apprenticeship earn nearly £4000 more a year than graduates. You’ll get paid for learning and gaining qualifications without the student debt at the end of it!

Whilst being in education is great, doing an apprenticeship will give you valuable experience to add to your CV – which employers look for. A Government survey also showed that 85% of apprentices said their ability to do the job had improved and 83% said their career prospects had improved.

So with 90% of apprentices staying in employment (7/10 of those with the same employer) what are you waiting for?! Have a look at the government guide to applying for apprenticeships and bag your dream role today.

How to write a winning apprenticeship application:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/442593/How-to-write-winning-application.pdf

 

*http://www.onrec.com/news/statistics-and-trends/apprentices-earn-almost-%C2%A34000-more-than-graduates-year-in-first-job

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How will the National Living Wage increase benefit you?

8 Mar

In April 2016 the National Living Wage law will be enforced, so if you’re 25 or over you could be seeing an increase of 50p hour in your wage slip! It makes no difference if you’re paid weekly, monthly, part-time, full-time, by cash, by BACS or by cheque – you are entitled.

Previously employees over 25 were entitled to a minimum wage of £6.70 per but with the new rules in place your employer is required by law to pay you at-least £7.20 per hour. In a recent Government survey 70% of workers have said they will feel more positive with the wage increase and 59% agreed they would be more motivated whilst at work.

Although this is the biggest minimum wage increase in several years it can be hard to picture the impact it will have on your life, so to make things easier we’ve made a list of what the extra income could get you over a year if you were working 35 hours a week.

  • An all inclusive 4* week long holiday to Majorca for a family of four

  • A brand new 64gb Iphone 6s Plus

  • 2 x GT 27.5 Aggressor Mountain Bikes

  • 1,216 Chocolate bars

  • £880 towards the deposit of a house using a help to buy ISA

  • A Louis Vuitton classic Speedy 40 Handbag

  • 6,083 Bananas

  • A Samsung UE50JU6400 Smart Ultra HD 4K 50” LED TV

  • 3,650 Nappies

Whether it’s going to go towards a luxury treat or help towards your monthly bills the increase is going to benefit households all across the UK with only just over 3 weeks until it takes effect.

Prices and figures are based on market searches as of March 2016 and may vary.

Welfare Reform

1 Aug

Last week I attended a meeting on Welfare Reform.  Although there is still much to be decided and actual rates have not yet been set, it was good to get an update on the plans for the not-so-distant future.  Everything should be a lot simpler when the Universal Credit comes into play – if you have a change in your circumstances there is just one place to get in touch with, and rather than waiting on hold for hours you will actually be able to update your own information online.  The other really great thing is that it will take away the risk of taking on short-term employment or having an income which isn’t the same each week or month – you (and even your employer) can update your income monthly and your benefits will change accordingly, avoiding over- or under-payments of benefits.

If you’re not sure what benefits you are entitled to, or want to see what you could be entitled to if you start work or self employment, take a look at the Benefits Adviser Service.