Create Skilled Workers. Build Loyal Talent. Engage in Apprenticeship.
Registered apprenticeship (RA) is a proven, industry-driven strategy for building a skilled workforce. Employers in every industry are utilizing RA to recruit, train, and retain new hires and upskill incumbent workers because the model:
- generates positive ROI - employers report* earning an average of $1.47 for every $1 invested in apprenticeship through cost savings and increased productivity,
- reduces turnover and drives higher worker loyalty rates - 92% of all apprentices who complete a program are retained as permanent, full-time workers*, and 91% are still with their employer a year out,
- creates opportunities to widen the pool of candidates from which employers source talent by having a structure training program,
- creates a platform for stronger relationships with local education and workforce partners to identify and recruit talent earlier, and
- provides access to unique federal and state funding and support, including tax credits, potential wage support/reimbursements, tuition support, no-cost federal bonding, supportive services for qualified apprentices and more
*source: USDOL Office of Apprenticeship
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