Do The Math: Apprenticeship is The Clear ROI Leader

Talent acquisition is a crucial piece to the success of most any business but this is especially true in the Information Technology industry where highly skilled and often certified roles need to be filled. While many candidates posses the soft skills needed for IT success, training possible good employees in necessary systems  is both time consuming and expensive. Return on Investment (ROI) is a critical metric for all business segments and human resources/talent acquisition is not exempt. 

"Employers need to carefully evaluate talent acquisition methods that makes sense financially and processes that yield that best hire over the long run. " shares Kevin Robinson, President & CTO of RTriad. Robinson goes on to point out the overall value of apprenticeship and talent acquisition partnerships like those offed by KnowWon.  Investment in training, talent retention, and  size of talent pool simply make apprenticeship programs the most advantageous way to access talent with the largest ROI.

Apprenticeships provide a lower-cost alternative to traditional hiring methods, such as recruiting experienced professionals or investing in expensive training programs. Apprentices are often paid a lower starting wage than fully qualified employees, which can significantly reduce recruitment costs while still providing access to skilled workers. As hands on training transitions these employees into highly skilled and competent talent, wages increase.

Talent acquisition partnerships offer employers the opportunity to specify certification and strength needs and collaborate on training formats that tailor skill sets to roles. This means that apprentices can be trained to develop the skills that are most relevant to the organization's business goals, which can improve productivity and reduce the need for additional training in the future.

By investing in apprenticeship programs, employers can create a pipeline of skilled workers who are likely to stay with the organization for the long term. This reduces turnover and the associated costs of recruiting and training new hires.  The White House recently shared that of those who complete apprenticeship programs 93% retain employment. Apprentices hired in to a role are likely to stay, with 91% in the same position after the first year.

 Investing in apprenticeships can also enhance an employer's reputation as a socially responsible organization that is committed to developing talent and contributing to the local community. This can help to attract top talent in the future and improve the organization's overall brand image.

Apprenticeships allow employers to identify and develop talent from within the organization or from the local community, which can lead to a better fit between the candidate and the organization's culture and values. This can result in higher job satisfaction and improved performance, ultimately leading to a positive ROI. This apprenticeship value is a primary driver for  KnowWon's central North Carolina based Talent Development Program.

The KnowWon talent development program can be an excellent option for employers looking to acquire apprenticeship talent for several reasons:

1. Comprehensive Training: The KnowWon talent development program provides comprehensive training in the latest IT skills and technologies, ensuring that apprentices are equipped with the knowledge and skills necessary to excel in their roles. This can help employers to quickly onboard new apprentices and get them up to speed on their specific job requirements.

2. Customized Programs: Programs are tailored to meet the specific needs of an organization, ensuring that apprentices are trained in the skills that are most relevant to the organization's business goals. This can help employers to develop a pipeline of talent that is well-suited to their particular needs and culture.

3. Industry Expertise: Run by industry experts with extensive experience in the IT field. This means that apprentices receive training and mentorship from professionals who understand the latest trends and technologies, ensuring that they are well-prepared for the demands of the job.

4. Career Development: The KnowWon talent development program provides apprentices with a clear path for career development, including opportunities for advancement and ongoing training. This can help employers to retain top talent over the long term, reducing turnover and associated costs upskill these existing employees as needs require new training.

5. Positive ROI: By investing in the KnowWon talent development program, employers can achieve a positive ROI by acquiring skilled talent at a lower cost than traditional hiring methods. Additionally, apprentices trained through the program are likely to stay with the organization for the long term, reducing turnover and associated costs.

Apprenticeship programs can be an effective way for employers to acquire skilled talent while achieving a positive ROI and the KnowWon Talent Development Program does just that. With comprehensive training, customized programs, industry expertise, and opportunities for career development, apprentices trained through the KnowWon program are well-prepared to excel in their roles and contribute to the long-term success of an organization.