Use Your Levy to Upskill Your Data Resources

There is no escaping the fact that businesses are now collecting and managing vast amounts of data on their clients and customers.Not only is there a legal requirement to manage it well and transparently but it can also be the driving force for business’ success in the digital age. Live data reporting ensures that business’ keep their finger on the pulse. By having this data at their fingers tips managers can make better informed evaluations and decisions.

Big Data statistics that you need to know:

• Nearly 90% of all data has been created in the last three years
• Internet users are generating 2.5 quintillion bytes of data each day
• By 2023, the big data industry will be worth an estimated $77 billion
• Disorderly and unregulated data is a problem for 95% of businesses

So, two big questions:Are you and your organisation making good use of your data?Are you and your organisation making good use of your apprenticeship levy?

How we can help

With most employers and employees adapting to a more digitalised way of working as a result of COVID-19, now could be the best time to address these issues and get data working for your business. Organisations need the skills, time and capacity in their people now more than ever.Our recently launched Data Technician Level 3 Apprenticeship may be the programme you need right now. By re-skilling current employees through this apprenticeship, they will be able to source, format, analyse and present data securely to support the organisation’s outcomes with better transparency, clarity and access to information on areas such as customer trends, ROI, sales figures, service usage, performance and so on.Maybe you have already invested in an in-house Data Specialist? Businesses are handling more data than ever and there is a higher demand on your data department. By reskilling a current employee through an apprenticeship they will be able to help and assist your current data specialist, whilst you are simultaneously investing in and developing your future talent.This could also be the perfect time to look into this business critical area as the Apprenticeship Incentives payment has now been extended to March 2021! These incentives were launched as part of Rishi Sunak’s ‘Plan for Jobs’ to help tackle unemployment post COVID-19. Read more about the Apprenticeship Incentive payment here.

How can being a Levy payer help?

Employers will pay the Apprenticeship Levy if their payroll exceeds £3 million at a rate of 0.5% of the wage bill. The government top up this payment up by 10%. These helpful funds can only be spent on apprenticeship training for current or new staff members and are allocated to a training provider via the Apprenticeship Service, where the Levy is used to fund the full cost of an apprenticeship.If you are a Levy paying company then these funds have already been put aside to help and support these business decisions, so why not use them now?Take a look at our Data Technician Level 3 Apprenticeship here to find a viable and cost effective way to source, collate, present, blend, collaborate, validate and maximise the wealth of data that currently exists in you business.To request a non obligation call to discuss your business needs, email: enquiries@tdm.co.uk