Capital Area Workforce Development Board and NCWorks are hosting an Apprenticeship Summit for local businesses and organizations to learn a more effective way to recruit and train new employees. Apprenticeships allow workers to learn new skills, adapt to a new company environment, and earn a living wage. An average of 2,000 hours are spent training on the job along with 144 hours of classroom-based instruction per year, with an “earn as you learn” pay scale.
Apprenticeships are a time-tested tool to recruit and train a workforce, with proven economic results for the employer. They have thrived for decades in Europe. An apprenticeship in England is estimated to raise an employer’s economic output by about $366 per week. A Swiss study found that employers in their country earn a net $300 million each year from the work apprentices do while training on the job. A 2009 Canadian study found that, for every $1 Canadian businesses invested in apprenticeship programs, they could expect to receive $1.47 back!
This FREE business event will feature a panel of company reps with apprenticeship programs. Learn first hand how they can help your organization. This event is on May 18th at the Embassy Suites in Cary and includes breakfast and networking time.
A separate event is being held for partners and workforce agencies.