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Tuition Assistance and Apprenticeships As Solutions to Current Workforce Issues

Posted By Aimee Newman, Thursday, September 20, 2018

Employers all have a list of things they wish they could solve once and for all. Top among them currently are bridging the skills gap and ending employee turnover. Offering tuition assistance/reimbursement programs and apprenticeships could be a viable solution for both of these problems.

According to ManpowerGroup, more than six million jobs are unfilled in the United States and companies are having a hard time finding applicants who can do the work. HR professionals can promote tuition assistance and apprenticeship programs as more than just another benefit. They’re a vital part of company strategy that can impact employee happiness and company profitability alike, well into the future.

Tuition Assistance

A tuition assistance program can help steer those looking to build their skills toward your company. It can also create employee loyalty.

Workforce Development Consultant, Dorothy Martin says, “When looking at the impact of tuition assistance in reducing turnover, companies can cover the majority of the costs of their tuition assistance program.”

She goes on to state that offering tuition assistance can increase productivity and improve career mobility for employees who use the program.

Apprenticeships

Apprenticeships are another way for companies to get the skilled workers that they need. We tend to think of apprenticeships as only for the trade careers but this isn’t necessarily the case anymore. Companies can create paid apprenticeship positions for virtually any position in which skilled workers are in short supply.

The Department of Labor’s Registered Apprenticeship program lists 1,000 career areas that go beyond what we think of as the traditional trades and are prime for apprenticeship development. (https://www.doleta.gov/OA/apprentices.cfm)

Tuition assistance and apprenticeship programs also give employers the ability to develop specific skill sets among current and potential employees. This will help close the skills gap and also increase profitability in the long run. 

Tags:  hr  human resources  skills  training 

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