Apprenticeship and Jobs Training Act of 2015
  Amends the Internal Revenue Code to allow employers a business-related tax credit for up to $5,000 for the training of a qualified individual in a qualified apprenticeship program. Defines a "qualified individual" as an individual who: (1) is an apprentice participating in a qualified apprenticeship program, (2) has been employed in such a program for a period of at least seven months that ends within the taxable year, and (3) is not a highly compensated employee or a seasonal worker.

Defines a "qualified apprenticeship program" as a program that: (1) provides qualified individuals with on-the-job training and instruction for a qualified occupation (i.e., a skilled trade occupation in a high-demand mechanical, technical, health care, or technology field); (2) is registered with the Office of Apprenticeship of the Department of Labor; and (3) maintains records relating to the qualified individual.

 Allows a premature distribution, without penalty, from a tax-qualified retirement plan to an employee who is serving as a mentor. Defines a "mentor" as a working individual who: (1) has attained age 55; (2) works reduced hours and engages in mentoring activities for at least 20% of such hours; and (3) is responsible for the training and education of employees or students in an area of expertise for which such individual has a professional credential, certificate, or degree.




EMPLOYERS

Why Apprenticeship is Right for Your Company

Companies in all sectors of the American economy are facing complex workforce challenges in increasingly competitive domestic and global markets. Registered Apprenticeship is your proven solution for recruiting, training, and retaining world-class talent.

America's Growing Talent Gap

American industry is the foundation of our country's economic competitiveness and prosperity. The challenge? Significant talent shortages and skill gaps are slowing companies' efforts to expand, innovate, and thrive. Among these challenges: 

  • An aging workforce of highly-skilled and experienced workers
  • Attracting new and more diverse talent pools
  • Closing gaps in workers' skills and credentials
  • Investing in talent that can keep pace with the latest industry advances
  • Implementing workforce training models that effectively develop and "up-skill"

"As our apprenticeship program nears the 75-year anniversary milestone, it remains a critical part of our U.S. workforce development efforts, our operational requirements, and our training strategy for meeting future business needs." — Steve Majer, Human Resources Manager, Ford Motor Company

These workforce challenges undermine your productivity and profitability. The good news? There is a proven solution to meet your talent challenges: Registered Apprenticeship. It can be integrated into your organization's current training and human resource development strategy. Invest today!

 

Questions?

 

Partner with Registered Apprenticeship and access a nationwide network of expertise, customer service, and support. Our Registered Apprenticeship team creates business solutions and helps you achieve workforce results quickly.




 













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