What Are the Benefits of Sponsoring an Apprenticeship Program?
Employers experience benefits in two categories: economic and intrinsic. The economic benefits are derived from your eligibility to pay apprentice wages (usually 40% – 50 % of journey worker wages). Registered apprenticeship sponsors are also exempted from paying overtime to apprentices for the related instruction portion of their training. Furthermore, many sponsors report reduced turnover. We believe this is because the apprentice knows that the employer values trained employees; thus, employee morale is improved. The intrinsic benefits are many. Overall, apprentices in registered training programs know they have jobs in the future. By working for an employer who values lifelong learning, apprentices become invested in improving their skills and in achieving a Certificate of Completion which is a nationally recognized credential. Because apprentices not only learn the techniques of the occupation, they also understand why they do what they do. They become good problem solvers, work b
Related Questions
- I am a small company and may only be able to sponsor two apprentices right now. Can I set up a registered apprenticeship program?
- Is the Registered Apprenticeship program sponsor also the eligible training provider for the Workforce Investment System?
- What Are the Benefits of Sponsoring an Apprenticeship Program?
