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the-benefits-and-costs-of-apprenticeships-a-business-perspective

THE BENEFITS AND COSTS-CaseBI. A¥stern Reserve tst 4* UNIVERSITYThe Benefits and Costs of Apprenticeships:A Business Perspective42675rviiKWAM/Foreword

the-benefits-and-costs-of-apprenticeships-a-business-perspectivedIf our country is to out-competc and continue to lead the rest of the world, we must prepare our workforce for (he jobs of the 21st century. Yet, in

meeting more than 2,000 CEOs as Secretary of Commerce, the one challenge 1 hear over and over again is difficulty finding skilled workers.Neither Gove the-benefits-and-costs-of-apprenticeships-a-business-perspective

rnment nor business alone can solve today’s skills shortages or prevent new shortages tomorrow.By building regional partnerships with education, workf

the-benefits-and-costs-of-apprenticeships-a-business-perspective

orce, and social service institutions, businesses and government can create training programs that connect workers with middle class careers. That app

THE BENEFITS AND COSTS-CaseBI. A¥stern Reserve tst 4* UNIVERSITYThe Benefits and Costs of Apprenticeships:A Business Perspective42675rviiKWAM/Foreword

the-benefits-and-costs-of-apprenticeships-a-business-perspective Union, (he U.S. has added more than 125,000 newapprenticeships, the largest increase in nearly a decade. Apprenticeships have gained new prominence a

s a proven training model for workers; but for businesses, apprenticeships have not necessarily been an easy sell.This report harnesses the stories of the-benefits-and-costs-of-apprenticeships-a-business-perspective

13 businesses and intermediaries (hat shares! their experiences with apprenticeships. Through a careful analysis of their programs, it makes the case

the-benefits-and-costs-of-apprenticeships-a-business-perspective

for apprenticeship from the business perspective. The cost of creating the programs varied from company to company, but all found that an investment

THE BENEFITS AND COSTS-CaseBI. A¥stern Reserve tst 4* UNIVERSITYThe Benefits and Costs of Apprenticeships:A Business Perspective42675rviiKWAM/Foreword

the-benefits-and-costs-of-apprenticeships-a-business-perspectiveere persistently unable to fill. By turning to apprenticeships, (hey were able to broaden their pool of candidates and fill critical vacancies. Over t

he long run, the companies have found that developing talent through apprenticeships results in a more dedicated, flexible, loyal workforce that is po the-benefits-and-costs-of-apprenticeships-a-business-perspective

ised to rise into leadership positions and make the companies more competitive.The 13 case studies also suggest that, despite (he clear payoff from ap

the-benefits-and-costs-of-apprenticeships-a-business-perspective

prenticeships, companies tend to give secondary attention to apprenticeships rather than embracing it as their first option for talent development. Co

THE BENEFITS AND COSTS-CaseBI. A¥stern Reserve tst 4* UNIVERSITYThe Benefits and Costs of Apprenticeships:A Business Perspective42675rviiKWAM/Foreword

the-benefits-and-costs-of-apprenticeships-a-business-perspectivens. This report provides evidence that should encourage more companies to consider starting or expanding apprenticeship programs in both traditional a

nd new occupations.I encourage all business leaders to read this report carefully. It makes it clear that apprenticeships are good for business.Penny the-benefits-and-costs-of-apprenticeships-a-business-perspective

PritikerU.S. Secretary of CommerceNOVEMBER 2016 I owes Of THE CHIEE ECONOMIST I ECONOMICS AND STATISTICS ADMINISTRATIONI

THE BENEFITS AND COSTS-CaseBI. A¥stern Reserve tst 4* UNIVERSITYThe Benefits and Costs of Apprenticeships:A Business Perspective42675rviiKWAM/Foreword