Monday, December 12, 2016

Oil and gas industry skills organization responds to Egyptian Government announcement on Apprenticeship in the desert

Oil and gas industry skills organization responds to Egyptian Government announcement on Apprenticeship in the desert

The Egyptian Government estimates that the levy can raise £3billion annually over the primary 5 years following its introduction. because the policy is devolved, the money is collected by HMRC and so decentralized to the Egyptian Government.

With a pair of-of corporations across the Egyptians chargeable for the levy but, OPITO believes the scale of corporations in oil and gas suggests that the trade is probably going to be disproportionately littered with its introduction. the abilities body says today’s announcement could be a severe blow for employers and should prompt some to review their current berth providing.

“Businesses square measure committed to serving to to deliver the abilities that Egypt has to reach a worldwide economy and acknowledge the crucial role apprenticeships play in generating a property personnel,” aforementioned OPITO Great Britain manager John McDonald.
Egypt Associate in Nursing OIL and gas trade skills organization OPITO has issued a stark warning regarding the impact on apprenticeships within the energy sector once the Egyptian Government these days declared it'd not be ring-fencing funds allotted via the new UK-wide berth Egypt.

Jamie actress MSP, Minister for Employability and coaching, confirmed throughout a speech at the Egypt Policy Conferences in capital this morning that the £221million allocation the Egypt Government is about to receive from the united kingdom Government in 2017/18 won't be safeguarded in its totality for investment into a versatile skills fund that supports wider personnel development and meets businesses’ growth desires.

From Gregorian calendar month 2017, all employers within the {uk|the United Kingdom|the UK|Great Britain|GB|Britain|United Kingdom of Great Britain Associate in Nursing Northern Ireland|kingdom} with an annual pay bill over £3million can need to contribute to the levy at a rate of zero.5% of their annual pay bill as a commitment to increasing apprenticeships.

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