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Is an Apprenticeship Program Right for Your Small Business?

Written by: Kristen King with the Edmond Chamber of Commerce

According to the Department of Labor, there has been a 70% increase in new participants entering apprenticeship programs. In the last 5 years alone, over 14,500 new apprenticeship programs have been introduced.

An apprenticeship is a system for training a new generation of a specific trade or profession with on-the-job training and study. Apprenticeships provide people with a unique on the job experience, increase retention rates, and give an entrance to applicants. These positions offer applicants to learn a trade or skill rather than just relying on formal classroom instruction.

There are many different industries offering apprenticeships including: Information Technology, Construction, Hospitality, Healthcare, and Transportation. Different companies conduct business apprenticeship programs to develop skilled workers  with specialized knowledge in a particular field.

A perk of starting an apprenticeship program is creating a small business’s future workforce, improve productivity, and reduce turnover. Studies have shown that there is a 93% retention rate for employees who stay after an apprenticeship completion.

Resumebuilder.com has put together a great list of resources by state for job seekers interested in pursuing an apprenticeship.

You can read the full article here with apprenticeship resources here: https://www.resumebuilder.com/apprenticeship-resources-by-state/

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