Registered Apprenticeship is an industry-driven, high-quality career pathway where employers can develop and prepare their future workforce, and individuals can obtain paid, on-the-job training, classroom instruction, and a portable, nationally recognized credential. It is a tried-and-true approach utilized by forward-thinking employers and industry leaders as they pivot and adapt to meet 21st century challenges. We at Equus will work with you to help achieve your needs at every step along the way — even the paperwork.
How much does it cost?
Finding and retaining qualified employees is a significant expense employers face. The Registered Apprenticeship model delivers retention rates between 91% – 94% making it a workforce cost that realizes a return on investment.
Dollar for dollar, no workforce training method packs as much punch as apprenticeship. On average, employers realize an average return on investment of $1.47 for every $1 invested. Additionally, every $1 invested in apprenticeships leads to a public return of approximately $28 in benefits.
We work with you to identify resources to offset training costs. For example, a potential employer incentive exists for employers interested in developing brand new Registered Apprenticeships or expanding an existing program with Equus Workforce Solutions.
Apprentices are employees just like your current talent. Through incremental wage progression, apprentices start earning a wage day 1 on the job. As the apprentice gains knowledge and skills, their wage increases until program completion. Once the apprentice is fully trained to your specifications, the apprentice begins earning the same wage rate as your seasoned—or skilled—employee.
Where can I sign up?!
The Equus Workforce Solutions team is happy to assist you in program development. Our goal is to make this process as painless as possible, and to guide you every step of the way. As a Registered Apprenticeship Expansion Program Intermediary, we are committed to working with the Office of Apprenticeship to answer any questions you may have as we customize workforce solutions for you, assist you in identifying resources for training costs, and ensure that—together—we build a program that will attract a diverse, talented group of career seekers to meet your needs.
The Department of Labor (DOL) champions and supports Registered Apprenticeship Expansion Program efforts to ensure that additional demands across multiple, high-growth industries are added to the fold, and that more career seekers—especially those from underrepresented populations—are afforded this amazing training opportunity.