Benefits

Manufacturers are facing the increasing reality of the Skills Gap in our economy. In most communities there is a severe shortage in the supply of skilled workers to fill the demand created by growth in the manufacturing sector. Incumbent workers are retiring in increasing numbers each year.

To answer this call, NIMS is prepared to empower stakeholders to build apprenticeship programs that will help close the skills gap within the manufacturing industry.

What is apprenticeship?

Apprenticeship is a flexible earn-and-learn training model that combines on-the-job learning with job-related classroom instruction. Successful apprenticeship programs are built upon partnerships between manufacturing employers and local education and training providers, often with support from public workforce systems, industry associations and other community-based organizations.

Why apprenticeship?

When done right, the benefits of an apprenticeship program can be felt throughout education, industry, and by the apprentices themselves.

Benefits to Employers:

  • Improved productivity and profitability
  • Customized training that aligns with advances in technology and company-specific needs
  • Reduced employee turnover
  • Vehicle to recruit a more diverse, skilled and talented workforce
  • Program can be structured for new hires or current employees
  • Ability to offer job-related instruction at the company or in partnership with a local community college or technical school

The return for employers is $1.47 in increased productivity, reduced waste, and greater innovation.

Source: Department of Labor

Benefits for Job Seekers:

  • Attain in-demand skills and industry credentials without the burden of high tuition fees and student loan debt
  • Provides a defined career advancement plan
  • Faster access to higher wages & increased earnings:
    • The ability to earn $300,000 more than non-apprentice peers in your lifetime
    • Average starting wages for apprenticeship graduates is $50,000/year
  • Upon program completion, the apprentice will earn a DOL industry-recognized national credential

Apprenticeships are a win-win with $27 in returns for every dollar taxpayers invest in apprenticeship programs.

Source: Department of Labor

Benefits for Education Providers:

  • Training the next generation of skilled workers in manufacturing
  • Ability to align curriculum with local employers needs
  • Ability to offer high quality training tied to industry credentials
  • Real-time feedback from local businesses on technology advances that may require changes in program curriculum
  • Opportunity to create pathways to degrees at your institution for apprentice graduates
Ready to learn more?