The Urban Institute recently published a report for the U.S. DOL documenting the return-on-investment (ROI) estimates that the American Apprenticeship Initiative employers made by investing in apprenticeship programs over a 5-year period with key findings "that the median ROI is $1.44."
- FOLLOW US
banner image
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 more diverse, inclusive workplaces because with a structured training program employers are able to widen the pool of candidates from which they source talent,
- create 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
Engage with the Center by:
- Becoming a partner
- Viewing materials in our online repository (see below)
- Attending an upcoming event
- Requesting TA
Resources
12 Jan 2023
This questionnaire is intended to help your organization answer important internal questions in preparation for working with your local US Department of Labor Office of Apprenticeship (DOL OA) staff or State Apprenticeship Agency (SAA) staff to develop or expand a registered apprenticeship (RA) program.
20 Dec 2022
The Bureau of Labor and Industries (BOLI) Apprenticeship and Training Division (ATD) has been awarded $18.9 Million in grant funding to be awarded through three consecutive application rounds. These funds will support the development, expansion and implementation of registered apprenticeship and pre-apprenticeship programs. The funds will accelerate innovation in health care and manufacturing apprenticeships and support the development of pre-apprenticeship training programs in healthcare, manufacturing, and construction.
Application submissions: November 4, 2022 – March 10, 2023.
13 Apr 2022
Report commissioned by ApprenticeshipNC demonstrating how states can measure and report on effectiveness and opportunities for apprenticeship.
13 Apr 2022
Guidebook on core components, processes, terms, and roles for all apprenticeship stakeholders including employers, training providers, and intermediaries.
13 Apr 2022
A real-time, state-sponsored website that provides job seekers and employers a place to connect around apprenticeship.