Why Employers Should Consider Launching an Apprenticeship

Written by Reece E. Ohmer, MWSE Career Advisor

10.24.2023

In the ever-evolving landscape of the business world, the key to success lies in flexibility and innovation. While your company may have a dedicated team of skilled employees, there's a powerful strategy that can take your organization to new heights: apprenticeships. Apprenticeships offer a unique blend of providing training knowledge to new employees and retaining skilled workers in their area of expertise. In this article, we'll explore why your business should consider embracing apprenticeships with open arms.

In an era where emerging technologies and industries are constantly reshaping the business landscape, companies must remain agile. It is no wonder that apprenticeship programs have been launched in over 150,000 employers in more than 1,000 occupations. Apprenticeships provide the perfect bridge between the experienced present and the innovative future. By bringing fresh, young talent into your organization, you ensure that you're always ahead of the curve. Employers have the ability to see the next generation's creative ideas igniting the company's growth potential.

Hiring seasoned professionals often comes with a hefty price tag. Apprenticeships offer a cost-effective alternative. You can mold and shape your apprentices to meet your company's specific needs while seeing their fresh perspectives. Additionally, apprentices may earn about $300,000 more than non-apprenticeship employees in similar fields, according to the Department of Labor. It's not only a wise financial decision but allows employers to take pride in knowing they are shaping the next generation of industry leaders.

As markets and industries evolve, your company must learn to adapt. Apprenticeships allow you to stay nimble and responsive to change. Young minds bring fresh perspectives and innovative ideas, making it exciting to face new challenges head-on. When your organization can pivot swiftly in response to market shifts, you're more likely to thrive. The decision to launch an apprenticeship shows your commitment to developing future talent and supporting your community. Your company can be known for your dedication to the growth and development of young professionals in your industry. 94% of apprentices remain with their employer after the completion of their program.

In conclusion, creating an apprenticeship program at your company is not just a savvy business move; it's also a dynamic way to invigorate your company. The enthusiasm of young talent, the exchange of knowledge, and the promise of a brighter future make apprenticeships a win-win for your business. The time to launch apprenticeships at your company is now.

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