Resources

Alabama Office of Apprenticeship Online Tool Calculator Overview is a PDF document that provides users with information and resources to understand each page of the calculator and the calculations completed on each page.

If you have questions about any of these items, contact the project manager for your region. You can find their contact information listed on the Alabama Office of Apprenticeship list of contacts.

ROI Required Fields

ROI Name
You will create a name to save your ROI calculation. You will be able to create more than one calculation and save them with different names to compare them.
Occupation
You will be able to choose from some common occupations with some default information or you can create your own custom occupation from scratch.
Apprenticeship County
Simply enter the county where the apprenticeship will be or the home county of the business hosting the apprenticeship.
Length of Apprenticeship
Enter how many months or how many hours of work you expect the apprenticeship to be. For competency based programs, make your best guess. NOTE: Apprenticeships cannot be less than 12 months or 2000 hours long.
Length Type
Select whether you will be measuring your apprenticeship in months or hours.
Number of Learning Periods
You will enter costs and offsets based on set time intervals. For example, if your apprenticeship will be run by a college over the course of four semesters, you might enter 4 here. In other cases, you might want to break up your calculations based on the pay progressions in your apprenticeship and you would enter however many steps there are in your progression.
Levels
If you are interested in comparing the costs of an apprentice to workers with other levels of training, you can select those levels here.

Possible Costs

  1. Wages
  2. Training
  3. Supplies
  4. Equipment
  5. Benefits & Taxes
  6. Recruitment
  7. Screening
  8. Interviewing
  9. Orientation
  10. Mentor Time Commitment
  11. Apprenticeship Tuition
  12. Teachers or Consultants
  13. Annual Required Continuing Education
  14. Background and Screening
  15. Curriculum Development
  16. Planning Apprenticeship
  17. Training Program Overhead
  18. Training Program Contribution
  19. Certification Exam(s)
  20. Marketing and Advertising
  21. Travel and per diem for apprentices
  22. Related instruction Software and curriculum
  23. Outcomes tracking software
  24. Retention incentives and activities
  25. Related Technical Instruction
  26. Stipend to apprentices for classroom time
  27. Classroom Space
  28. Other(User Added)

Possible Offsets

  1. Reduction in Errors
  2. Average Employee Output per Hour
  3. Increased Retention
  4. Avoided Overtime
  5. Reduced Lateness in Jobs
  6. Increased Productivity
  7. Improved Skills & Culture Fit
  8. Skilled Worker Pipeline
  9. Enhanced Employee Flexibility
  10. Increased Firmwide Skills & Mentorship
  11. Increased Community Connection
  12. Increased Diversity
  13. Increased Innovation
  14. Increased Mentor & Firmwide Productivity
  15. Fill Shortfall in Number of Staff
  16. GI Bill -Tuition Reduction
  17. Pell Grant - Tuition Reduction
  18. OJT Grant - Wage Reimbursement
  19. ASE Grant - Wage Reimbursement
  20. Voc Rehab - Wage Reimbursement
  21. AL Apprenticeship Tax Credit
  22. Federal Work Opportunity Tax Credit
  23. Other Grants - Wage Reimbursement
  24. Other Grants - Tuition Reduction
  25. Increased pool of employees for internal leadership development
  26. Other(User Added)
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