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‘How To Get The Most Out Of’ A Workforce Apprenticeship Program

Published Sunday, May 2, 2021
by Association of Equipment Manufacturers
‘How To Get The Most Out Of’ A Workforce Apprenticeship Program

Workforce Apprenticeship Programs are one of the most beneficial investments organizations can make today.

In addition to enabling employers to build the skilled workforce of tomorrow, Apprenticeships offer a wealth of additional benefits, including: Improved productivity; Reduced turnover; Employee retainment; and Increased diversity.

And certain states offer tax credits to employers that offer Apprenticeship Programs.

Any size company can offer an Apprenticeship Program and partners and resources exist to help organizations set up the program and provide guidance and curriculum.

According to an Association of Equipment Manufacturers (AEM) Workforce Survey of industry members, Apprenticeships are one of the most effective workforce development strategies available

There are two main types of Apprenticeship Programs:

A Registered Apprenticeship Program (RAP) is a proven model of Apprenticeship that has been validated by the U.S. Department of Labor or a State Apprenticeship Agency.  There are additional benefits offered to employers of all sizes for offering these programs, which include free technical assistance, access to a nationwide network of expertise, national credentialing for participants, pre-identified quality standards, tax credits, Federal funds and resources and specialized recruiting incentives for Veterans.

An Industry-Recognized Apprenticeship Program (IRAP) is a high-quality Apprenticeship Program recognized as such by a Standards Recognition Entity (SRE) pursuant to the Department of Labor’s standards.  An IRAP is developed or delivered by entities such as Trade and industry groups, corporations, non-profit organizations, educational institutions, Labor Unions, and joint Labor-Management organizations.  IRAPs streamline standards across industries, using Standards Recognition Entity (SRE) to ensure the learning outcomes identified in the program match the industry need.  Industry Recognized Apprenticeship Programs (IRAP) must deliver programs that meet the educational outcomes identified by the SRE.  This formally recognized educational alignment between industry and education (standards) that is necessary in an IRAP is what sets it apart from a Recognized Apprenticeship Program (RAP).

According to the Department of Labor’s Apprenticeship website: There are more than 785,000 new Apprentices since January 1st, 2017; 94% of Apprentices stay with their employers after completing their program; and the Department of Labor has invested $265 million to expand Apprenticeships since 2015.

To Continue Reading This Apprenticeship And Training Labor News Story, Go To: www.aem.org/news/how-to-get-the-most-out-of-a-workforce-apprenticeship-program

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