What are the benefits of an apprenticeship program?

For the employer:

  • 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
  • Opportunities for tax credits and support through WIOA
  • The return for employers is $1.47 in increased productivity, reduced waste, and greater innovation.

For the apprentice:

  • Upon program completion, the apprentice will earn a DOL industry-recognized national credential
  • Attainment of in-demand skills and industry credentials without the burden of high tuition fees and student loan debt
  • Career advancement
  • Higher wages & increased earnings: the ability to earn $300,000 more over their lifetime than their non-apprentice peers
  • Average starting wages for apprenticeship graduates is $50,000/year
  • Apprenticeships are a win-win with $27 in returns for every dollar taxpayers invest in apprenticeship programs.

For the community college/technical school:

  • 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