CEO Leadership on Workforce Challenges
Business Roundtable CEOs are working together to expand apprenticeships to help address their workforce needs and expand career pathways for more Americans. Apprenticeships provide opportunities for motivated, high-potential individuals to gain the required training and professional skills for successful careers. Apprenticeship programs also can help experienced workers pursuing a career change or re-entering the workforce gain new skills through paid, on-the-job training. In turn, companies that offer apprenticeship programs can benefit from tapping new sources of talent for roles that might normally require a specific degree or professional experience.
Increased Productivity
Employers receive $1.47 of value for every $1 invested in apprenticeship programs
Increased Retention
91% of employees that complete an apprenticeship are still at that employer 9 months later
Unlocking Access to New Talent
Apprenticeship programs unlock access to a more diverse and digitally native talent pool