Apprenticeships are surging as an increasingly attractive alternative to costly degrees or mid-career reskilling. Registrations hit records in the US and Canada last year, with jumps of 12-22%. Enrollment at Canada's SAIT is up 20% over 2 years. The boom follows falling college attendance and high youth unemployment.
Apprentices earn while learning on the job. The model provides options beyond a 4-year degree's high tuition. It also helps re-skill unemployed youth and career switchers. The trend will likely continue as apprenticeships become a flexible path to in-demand skills.
Read More: Biden Administration Announces Nearly $200mn Available In Grants To Expand Registered Apprenticeships. (US Department of Labor)
With college costs deterring many and labor shortages acute, apprenticeships are an underutilized pipeline. Blending work and education, they can rapidly grow talent for vacant roles. The uptick reflects their value aligning with learner and employer needs. Savvy companies will capitalize on apprenticeships amid tight markets.
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