Expanding American Apprenticeships

Jeffrey Zients, Director of the National Economic Council and Assistant to the President for Economic Policy, writes,

“FACT: Global results show every $1 that employers invest in apprenticeships leads to an average return on investment of $1.47.”

“We did this because the data tells us that investing in apprenticeships leads to strong outcomes for hardworking Americans and businesses. More than 90% of apprentices are employed after completing their apprenticeship. The average starting salary for someone coming out of an apprenticeship program is over $50,000. And apprenticeships are good for employers too — for every dollar they invest in an apprentice, employers get back $1.47 in increased productivity, reduced waste, and greater innovation.”

Source: Expanding Apprenticeships to Invest in American Workers : U.S. Department of Labor Blog

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