Apprenticeships lead to higher long-term earning for those who participate—but participation is relatively low, according to a new study by the Urban Institute and Abt Associates.
In the U.S., apprenticeships have been used since the 1930s—but mostly in the construction trades. The new report, released in conjunction with National Apprenticeship Week, noted that employers can use apprenticeships to find and retain workers in the current tight labor market.
According to a separate report by Thomas Fordham Institute, since the founding of the National Apprenticeship Act in 1937, about half of the states in the U.S. have official apprenticeship programs, with 27,000 registered programs enrolling around 500,000 individuals.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
