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Institute for American Apprenticeships at Vermont HITEC
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      • About Us
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      • Program Supporters
      • Education Providers
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      • Media
    • Employers
      • Talent Pipeline
      • What Is Apprenticeship?
      • Apprenticeship ROI
      • How We Can Help
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Institute for American Apprenticeships at Vermont HITEC
  • Home
  • About
    • About Us
    • Staff
    • Board of Directors
    • Program Supporters
    • Education Providers
    • Trade Associations
    • Media
  • Employers
    • Talent Pipeline
    • What Is Apprenticeship?
    • Apprenticeship ROI
    • How We Can Help
    • Programs We Deliver
  • Job Seekers
    • Opportunities
    • Expectations
    • How to Apply
    • Subscribe
  • Contact Us

Apprenticeship Return on Investment

What Will This Cost?

While there isn't always an easy black and white answer to this question, we can give you some factors to consider. The U.S. Department of Labor has collected data over the years on some of these factors. The data shows that apprenticeship:


  • helps recruit and develop a highly skilled workforce
  • improves productivity and the bottom line
  • provides opportunities for tax credits and employee tuition benefits in some states
  • reduces turnover costs and increases employee retention
  • creates industry-driven and flexible training solutions to meet national and local needs.

            Source: U.S. Department of Labor Office of Apprenticeship


If you have difficulty finding the skills you need for your organization in the open job market, apprenticeship could be a solution. One question you need to ask yourself is this: what is it costing you now to have jobs unfilled?


Below you will find a helpful diagram depicting one way to analyze the benefits of apprenticeship for your organization. Below that you will find a downloadable copy of the diagram plus a return on investment study that was completed in 2016.


We're here to help you ask and answer some of the important questions to determine whether apprenticeship might be beneficial for you or your organization. 

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We can help you put together your return on investment analysis. Click on the button below to access our Contact form.

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Estimating Return on Investment

Examples of monetary benefits include:

  • Reduction in overtime paid as a result of understaffing
  • Reduction in turnover because of understaffing and therefore burnout
  • Decrease in hiring costs as turnover is reduced
  • Reduction in errors resulting from burnout
  • Increase in revenue opportunities


Examples of costs involved include:

  • Cost of formal instruction
  • Cost of non-productive employee during initial weeks of apprenticeship
  • Costs of coaching, mentoring and employee reviews


It is important to bear in mind that these costs may be offset in whole or in part by grant funding, job training funding and/or tax credit incentives.

HELPFUL INFORMATION FOR ROI ANALYSIS

To view a document below, click on the document name. To download, click on Download.

2016 ROI Diagram (pdf)Download
2016 Apprenticeship ROI Study (pdf)Download

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