Apprenticeship Benefits

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
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