Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Business > SKILLS OF TOMORROW MUST BE AT THE HEART OF APPRENTICESHIP DRIVE, SAYS ACCA
    Business

    SKILLS OF TOMORROW MUST BE AT THE HEART OF APPRENTICESHIP DRIVE, SAYS ACCA

    SKILLS OF TOMORROW MUST BE AT THE HEART OF APPRENTICESHIP DRIVE, SAYS ACCA

    Published by Gbaf News

    Posted on April 10, 2017

    Featured image for article about Business

    As the Apprenticeships Levy comes into force for businesses in the UK today John Williams, Head of ACCA UK, says,

    Today marks a significant moment for many young people, who will benefit from the extra training and resources that the proposed £3bn of funding the Levy will provide. It is also an important sign from government and business that they are committed to providing routes into highly skilled professions and alternative career paths for those who have pursued a non-traditional academic route.

    Yet there is certainly a long way to go to make sure vocational training can meet the aspirations of many talented young people and the needs of the UK economy in the 21st century. ACCA’s own research indicates understanding of apprenticeships amongst school students and businesses remains poor: with many unaware of the diversity and range of training programmes offered. 

    It is vitally important that the UK government’s target of 3 million apprenticeships does not sacrifice quality in order to tick boxes and the Institute of Apprenticeships will need to be given suitable powers to ensure businesses are not taking advantage of Levy funding.

    ACCA has been working hard to ensure our members have the necessary knowledge to advise businesses appropriately about their responsibilities and the opportunities available under the Levy, as well as act as leaders in their own practices

    John Williams argues that the focus of vocational training should be skills acquisition,

    ACCA also supports re-naming the initiative as the Skills Levy, to give the appropriate recognition to the vital role it needs to play in providing the next generation with the skills and training necessary for the changing 21st century global economy. This must be about developing the skills of tomorrow, not just today.

    As an organisation which has always championed accessible routes into accountancy and finance careers, ACCA is strongly committed to providing employers, education providers and young people with the guidance they need to thrive in the profession. 

    As the Apprenticeships Levy comes into force for businesses in the UK today John Williams, Head of ACCA UK, says,

    Today marks a significant moment for many young people, who will benefit from the extra training and resources that the proposed £3bn of funding the Levy will provide. It is also an important sign from government and business that they are committed to providing routes into highly skilled professions and alternative career paths for those who have pursued a non-traditional academic route.

    Yet there is certainly a long way to go to make sure vocational training can meet the aspirations of many talented young people and the needs of the UK economy in the 21st century. ACCA’s own research indicates understanding of apprenticeships amongst school students and businesses remains poor: with many unaware of the diversity and range of training programmes offered. 

    It is vitally important that the UK government’s target of 3 million apprenticeships does not sacrifice quality in order to tick boxes and the Institute of Apprenticeships will need to be given suitable powers to ensure businesses are not taking advantage of Levy funding.

    ACCA has been working hard to ensure our members have the necessary knowledge to advise businesses appropriately about their responsibilities and the opportunities available under the Levy, as well as act as leaders in their own practices

    John Williams argues that the focus of vocational training should be skills acquisition,

    ACCA also supports re-naming the initiative as the Skills Levy, to give the appropriate recognition to the vital role it needs to play in providing the next generation with the skills and training necessary for the changing 21st century global economy. This must be about developing the skills of tomorrow, not just today.

    As an organisation which has always championed accessible routes into accountancy and finance careers, ACCA is strongly committed to providing employers, education providers and young people with the guidance they need to thrive in the profession. 

    Related Posts
    Cybersecurity as a Profit Engine: Turning Financial Services Security into Measurable Business Value
    Cybersecurity as a Profit Engine: Turning Financial Services Security into Measurable Business Value
    How Investability Helps Companies Navigate Transformational Times
    How Investability Helps Companies Navigate Transformational Times
    88% of UK and US organisations concerned about state-sponsored cyber attacks as national threat levels surge, IO research reveals
    88% of UK and US organisations concerned about state-sponsored cyber attacks as national threat levels surge, IO research reveals
    One in three SME leaders do not fully understand cash flow, despite 82% facing cash flow problems
    One in three SME leaders do not fully understand cash flow, despite 82% facing cash flow problems
    Inside the Company that Predicted the Remote Work Mega-Trend Before It Became Mainstream
    Inside the Company that Predicted the Remote Work Mega-Trend Before It Became Mainstream
    SEO Consultant Adrian Czarnoleski on How to Increase Business Value Before Exit
    SEO Consultant Adrian Czarnoleski on How to Increase Business Value Before Exit
    No SOC 2, No Deal: Why You’re Already Losing Clients - and What You Can Do About It
    No SOC 2, No Deal: Why You’re Already Losing Clients - and What You Can Do About It
    Jose Tolosa Guides Organizations Forward with Clarity, Purpose, and Integrity
    Jose Tolosa Guides Organizations Forward with Clarity, Purpose, and Integrity
    Reducing Freight Costs to Drive Global Trade Expansion
    Reducing Freight Costs to Drive Global Trade Expansion
    The Psychology of Music in the Modern Workplace
    The Psychology of Music in the Modern Workplace
    Revealed: Low-Cost/No-Cost Marketing Hacks For Results Oriented Businesses
    Revealed: Low-Cost/No-Cost Marketing Hacks For Results Oriented Businesses
    Finance teams still stuck in spreadsheets as manual processes stall digital transformation
    Finance teams still stuck in spreadsheets as manual processes stall digital transformation

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Business PostMAKING YOUR BUSINESS STAND OUT DURING THE SALES
    Next Business PostREPORT WARNS HALF OF SMALL BUSINESSES STILL SUFFER FROM SLOW PAYER ETHIC, AS LARGE COMPANY PAYMENT PRACTICES BECOME REGULATED

    More from Business

    Explore more articles in the Business category

    The Future of Remote & Hybrid Leadership: Leading With Data-Driven Foresight

    The Future of Remote & Hybrid Leadership: Leading With Data-Driven Foresight

    2025-2030: The Next Technological Innovations for Business

    2025-2030: The Next Technological Innovations for Business

    The CFO’s New Playbook: 5 Ways AI Is Redefining Finance with Insights from Rishi Oberoi

    The CFO’s New Playbook: 5 Ways AI Is Redefining Finance with Insights from Rishi Oberoi

    Revolutionizing Payments: Secure, Scalable, Sovereign

    Revolutionizing Payments: Secure, Scalable, Sovereign

    Why Trademark Abuse in Paid Search Is a Growing Risk for Financial Institutions

    Why Trademark Abuse in Paid Search Is a Growing Risk for Financial Institutions

    E-commerce Customer Service: Tips

    E-commerce Customer Service: Tips

    When to Automate Your Warehouse: The Tipping Point for Operations Growth

    When to Automate Your Warehouse: The Tipping Point for Operations Growth

    Hurt at Work? 5 Financial Facts You Need to Know

    Hurt at Work? 5 Financial Facts You Need to Know

    Against the Odds: Resilience in Consumer Subsectors Offers Prime Opportunities for Investors

    Against the Odds: Resilience in Consumer Subsectors Offers Prime Opportunities for Investors

    Empower Your Workforce With Financial Wellness This Labor Day

    Empower Your Workforce With Financial Wellness This Labor Day

    Build a brand that stands out with five simple strategies, from defining your UVP to using storytelling and building loyalty. Find out more.

    Build a brand that stands out with five simple strategies, from defining your UVP to using storytelling and building loyalty. Find out more.

    The Hybrid Office Playbook for Financial Services: How to Design Hybrid Offices to Optimize People and Spaces

    The Hybrid Office Playbook for Financial Services: How to Design Hybrid Offices to Optimize People and Spaces

    View All Business Posts