The Skills Gap is real, we are all experiencing it to one degree or another. The question is, how is your organization going to manage it?
According to a recent CareerBuilder survey, 58% of HR Managers are hiring people without industry experience and training them on the job. Yes, you’d face upfront costs in setting up an OJT program for new hires. But, that same survey also showed that 92% of employees are actually more loyal when an employer invests in their training. So, given that it costs eight times less to retain someone than to hire someone new, it may certainly be worth the investment.
That is why Madison Approach Staffing, in partnership with and grant funding from the Workforce Development Board, developed its wage subsidy incentive program to clients willing to provide On the Job Training to qualified candidates.
Through our OJT wage subsidy, if you are willing to provide a qualified candidate* On the Job Training and teach them the skills you both need to be successful, that employees’ wages will be subsidized through the OJT grant up to 50% for up to 6 months!
In this way, we are helping alleviate the up-front cost burdens associated with On the Job Training whereby incentivizing businesses to invest in Human Potential.
Allow us to source qualified candidates, people that have the interest in the job and enthusiasm to learn for you to train. During the training period the employee remains on our payroll. In that way, you are not responsible for any of the administrative aspects of running the OJT program, nor do you have to wait for the wage subsidy from the Workforce Development Board to slow down your cash flow. You are only responsible for the day-to-day training and supervision, and the regular cost of our services less 50% of wage expenses. At the end of the training period, assuming the employee has met your expectations and has learned the necessary skills, you then hire them onto your company payroll.
*To qualify candidates must be unemployed or under-employed to qualify for OJT subsidy.