Benefits of Employees from Apprenticeship Programs

Leadership

May 12

With a significant change coming by 2025, it is crucial to implement a collaborative strategy for preparing, upskilling, and reskilling a future-ready workforce.

This is where earn-as-you-learn opportunities, such as apprenticeship programs, can draw in more workers.

With a network of over 150,000 employers in more than 1,000 occupations, apprenticeship is developing a new generation of workers to help our nation succeed in the 21st-century economy.

Apprenticeship programs help employers:

Recruit and develop a highly-skilled workforce that supports grow their business
Improve productivity, profitability, and an employer’s bottom line
Create flexible training options that ensure workers develop the right skills
Minimize liability costs through appropriate training of workers
Receive tax credits and employee tuition benefits in participating states
Increase retention of workers during and following the apprenticeship.

RECENT STATISTICS

There were nearly 26,000 registered apprenticeship programs active across the nation.
3,143 new apprenticeship programs were established nationwide in FY 2020, representing a 73% growth from 2009.
In FY 2020, more than 221,000 individuals nationwide entered the apprenticeship system.
Nationwide, there were over 636,000 apprentices obtaining the skills they need to succeed while earning the wages they need to build financial security.
82,000 apprentices graduated from the apprenticeship system in FY 2020.