The CITB will cut costs by 20 per cent and reduce staff headcount by a third over the next three years as part of a drive to increase efficiency.
As part of its three-year business plan, the training body plans to increase the proportion of levy income that is returned directly to employers from 84 per cent to 90 per cent.
CITB director of policy Steve Radley told Construction News that the cost savings between now and 2018 would come through a combination of job cuts, investment in technology and outsourcing.
The overhaul is intended to bring the organisation’s costs down from £148m last year to £116m by 2018.
The number of full time equivalent staff is set to drop from around 1,400 to 950.
The CITB has already announced a series of consultations on job cuts that will result in 78 redundancies.
Mr Radley said the CITB will look to outsource a number of back office functions and move some of its services to employers so they will be supplied by commissioned third parties rather than directly.
“Some of this will be about modernising our processes, but where there will be more detailed consultation with the industry is in thinking about what we continue to do as a direct deliverer and what other organisations are best placed to do, and where it’s better to commission [services].”
The organisation has already launched a consultation on its adviser roles, as revealed by Construction News last month.
“In that case we had a lot of duplicated roles,” said head of policy Gillian Econopouly. “We will look at more areas like that where we have roles that overlap and streamline those so employers get a clearer point of contact, but also so we’re saving money and targeting what employers really need.”
The business plan has been put in place following meetings this week with levy-paying contractors and trade bodies including Build UK and the Federation of Master Builders.
Last year, the CITB raised £182.8m in levy income, with employers receiving £153.5m in funding. Under the new target, that amount would increase to £164.5m.
The change comes as the government continues its consultation over its own proposed apprenticeship levy, which could run alongside the CITB levy.
Mr Radley said that employers were “looking very closely” at the government levy and its apprenticeship funding reforms.
“They need a lot more clarity from government in terms of how that’s going to work,” he added. “Then we can look at the grant scheme and how we can help them invest in apprenticeships.”
In December, skills minister Nick Boles said there was “no reason” the two levies could not co-exist.