Benefits of Creating an Apprenticeship Program

Large, medium and small businesses are eligible to create and maintain Registered Apprenticeship programs. Employers can build a program for their specific needs and integrate it seamlessly into their current training and human resource development strategies. The increased knowledge transfer through on-the-job learning from an experienced mentor, combined with education courses to support work-based learning, creates a safer workplace with a stable and reliable worker pipeline.

Retention rates are even higher for military candidates as the values are even more significant for eligible Veterans able to utilize their G.I. Bill to draw a Monthly Housing Allowance (MHA) while participating in a Registered Apprenticeship program.

The MHA benefit gives veterans a tax-free stipend to offset or completely pay for their housing costs while they are employed under an approved Registered Apprenticeship program. On average, apprentices using their MHA receive close to $15,000 more in the first year of their apprenticeship than their counterparts in traditional employment. It’s an incredible opportunity for veterans and a differentiator for companies’ recruiting toolbelt. 

Employers have seen higher retention rates and report that veteran employees demonstrate proven leadership, an ability to work well under pressure, a strong work ethic, transferable security clearances, and technological prowess—all valuable assets needed to increase talent strength across any industry.