U.S. Employers Who Train Apprentices - Return on Investment Study
Author: Case Western Reserve University : Contact: Case Western Reserve University, Cleveland, Ohio 44106
Synopsis and Key Points:
Research to determine the return on investment for employers who establish registered apprenticeships.
Case Western Reserve University will be at the forefront of collaborative research to determine the return on investment for employers who establish registered apprenticeships. The goal is to quantify the benefit to employers in the United States.
Weatherhead School of Management Economics Professor Susan Helper will play a lead role on a team that began developing the research the past two years, while Helper was on leave from Case Western Reserve to serve as chief economist at the Commerce Department. The previous year she served on President Barack Obama's Council of Economic Advisers.
At a recent White House Apprenticeship Summit, Commerce Secretary Penny Pritzker said the Joyce Foundation, JPMorgan Chase and the Annie E. Casey Foundation will support the research, involving economists from Case Western Reserve, Stanford University and the Commerce Department.
"As far as we know, there has been no study of the return to U.S. employers of investing in apprenticeship," said Helper, the Frank Tracy Carlton Professor of Economics at Weatherhead School of Management. "Given the renewed interest in the learn-while-they-earn apprenticeship model, it is important to fill this gap."
The study will analyze diverse sectors and geography to provide needed data on employer benefits and costs.
According to the U.S. Department of Labor, registered apprenticeships meet national standards for registration with the Labor Department's Office of Apprenticeship or federally recognized state apprenticeship agencies. A registered apprentice earns a nationally recognized credential from the Labor Department. The Commerce Department's Skills for Business initiative is about preparing workers for jobs of the future.
The study will gather data to help employers understand if investing in registered apprenticeships can boost the bottom line, while helping the nation prosper. Researchers will make visits to companies and hold conversations with workers and managers. U.S. employers who sponsor registered apprentices generally do so to build a pipeline of skilled workers, boost retention, reduce recruiting costs and improve productivity.
President Obama recently announced that $175 million in American Apprenticeship Grants will help train and hire more than 34,000 new apprentices in high-growth and high-tech industries over the next five years.
- 1 - Wood Brothers Ford Fusion Changes Look to Support Scholarship Program for Veterans Wanting to be Auto Technicians : Quick Lane Tire and Auto Centers (2016/07/08)
- 2 - Taskforce to Improve Accessibility of Apprenticeships for People with Learning Disabilities : Department for Work and Pensions, Department for Education, Department for Business, Innovation & Skills, Nick Boles MP and Justin Tomlinson MP (2016/05/10)
- 3 - U.K. Disability Apprenticeships - Information and Fact Sheets : Disabled World (2015/10/19)
- 4 - Canadian Disability Apprenticeships - Information & Fact Sheets : Disabled World (2015/10/19)
- 5 - U.S. Disability Apprenticeship Information & Fact Sheets : Disabled World (2015/10/18)
- 6 - Australian Disability Apprenticeships: Information & Fact Sheets : Disabled World (2015/10/19)
- 7 - U.S. Employers Who Train Apprentices - Return on Investment Study : Case Western Reserve University (2015/10/21)
• Disabled World is strictly a news and information website provided for general informational purpose only and does not constitute medical advice. Materials presented are in no way meant to be a substitute for professional medical care by a qualified practitioner, nor should they be construed as such. Any 3rd party offering or advertising on disabled-world.com does not constitute endorsement by Disabled World.
• Please report outdated or inaccurate information to us.