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Businesses across the United States use Registered Apprenticeship programs to train workers in the skills they need to stay competitive in an ever-changing marketplace. Registered Apprenticeship is a business investment with associated costs and benefits. This Return on Investment (ROI) calculator is just one tool businesses can use to explore Registered Apprenticeship program options.
This tool will provide you with common benefits and costs to businesses from apprenticeship and will guide you through calculating the potential ROI to your company. Businesses have often reported that it is easier to place a dollar value on costs than it is for benefits, Oregon businesses interviewed and businesses participating in other studies have reported a wide range of valuable benefits to apprenticeship. Even if the calculator initially shows a negative ROI for your business, explore the Resources Page for the variety of benefits that other businesses experience and ideas and methods to estimate the potential benefit to your business. This calculator also provides you with an opportunity to consider the potential value of benefits you know you receive but are not yet able to quantify. Use this calculator to turn rough concepts into dollars and discover why Registered Apprenticeship is worth the investment.
| Without Apprenticeship | Apprenticeship Program | |
| Total Benefits | ||
| Total Costs | ||
| Net Cost-Benefit | ||
| Return on Investment | ||
Select Your Industry
| Select # Years Apprenticeship | Years |
| Select # Years Post-Apprenticeship | Years |
Select Cost Variables
| Costs per Worker | Without Apprenticeship | Apprenticeship Program | ||||
|---|---|---|---|---|---|---|
| Value | Assumption | Total | Value | Assumption | Total | |
| Add Custom Variable | ||||||
| Total Costs | 1234 | 1234 | ||||
Select Benefit Variables
| Benefits per Worker | Without Apprenticeship | Apprenticeship Program | ||||
|---|---|---|---|---|---|---|
| Value | Assumption | Total | Value | Assumption | Total | |
| Add Custom Variable | ||||||
| Total Benefits | 1234 | 1234 | ||||
| ROI | Without Apprenticeship | Apprenticeship Program | ||||
|---|---|---|---|---|---|---|
| Total Benefits | ||||||
| Total Costs | ||||||
| Net Cost-Benefit | ||||||
| Return on Investment | ||||||
On this page you can search the glossary for terms used within the calculator, explore common wages and wage progression by industry and occupation, and you can download reference materials to learn more about registered apprenticeships and their return on investment.
Download Reference Materials:
Please explore the data and terms below to clarify and provide further insight into the ROI calculator tool. The Glossary below provides definitions for functions within the tool, common cost and benefit variables, and general terms used throughout this tool. The common cost and benefit variables include ideas, tips and potential data sources that can be used to quantify the value of specific benefits and costs.
This table provides the median hourly journey-level wage for common apprentice occupations, as well as the average percentage of journey-level wage that apprentices receive per year. Each apprenticeship program has their own standards that specify the journey-level wage and wage progression per period. These numbers have been averaged across each common occupation by year based on a 2,000-hour year.
DISCLAIMER: this ROI calculator tool should not be used or relied upon as a sole input into decision-making processes. The tool is intended only to be used to help firms to begin the process of understanding the potential costs and benefits of a current, planned or potential apprenticeship program. Oregon Apprenticeship, the Bureau of Labor and Industries, and the State of Oregon are not responsible for any loss or gains if the results of the calculator are used for investment decisions.
This workforce product was funded by a grant awarded by the U.S. Department of Labor’s Employment and Training Administration. The product was created by the recipient and does not necessarily reflect the official position of the U.S. Department of Labor. The Department of Labor makes no guarantees, warranties, or assurances of any kind, express or implied, with respect to such information, including any information on linked sites and including, but not limited to, accuracy of the information or its completeness, timeliness, usefulness, adequacy, continued availability, or ownership. This product is copyrighted by the institution that created it.