Registered Apprenticeship Launch
Workforce Development Partnership to Sign 13 New Financial Planner Apprentices Financial planner apprenticeship program created in June 2018 involving Principal, Wisconsin Bureau of Apprenticeship Standards and Employ Milwaukee set to expand.
MILWAUKEE – On Thursday, November 14, 2019, Principal and the Wisconsin Bureau of Apprenticeship Standards will be signing 13 new financial planner apprentices in a joint event. In an effort to expand the number of industry sectors with apprenticeship programs, and assist in closing the skills gap, Employ Milwaukee created the Financial Planner Apprenticeship in conjunction with industry leaders Principal, Associated Bank and Equitable Bank in June 2018. Through a Department of Labor – American Apprenticeship Initiative grant, Employ Milwaukee is able to assist with the related technical instruction costs associated with creation of the apprenticeship.
“As an employer, Principal has benefited over the last year from our new advisers participating in the Financial Services Apprenticeship,” said Principal. “Employ Milwaukee and DWD have been instrumental in helping us to fill open jobs, while improving productivity.”
The apprentices on hand for the signing include candidates from throughout the Southeast region. The financial planner apprenticeship is a one-year program that includes 2000 hrs on the job and 144 hrs of instruction, all within an earn as you learn framework.
“With formal education and on the job learning built right in to the apprentices’ work week, traditionally underrepresented individuals have increased access to good paying jobs and the pathway to get there,” said Mark Kessenich, Employ Milwaukee Interim CEO. “Apprenticeship equalizes opportunities for those individuals that cannot afford to go to college as they must work to support themselves and or a family.”
Wisconsin Bureau of Apprenticeship Standards (BAS) is located/ housed within the State of Wisconsin Department of Workforce Development’s Division of Employment and Training. BAS creates and oversees all apprenticeship programs in Wisconsin. Apprenticeships combine on-the-job learning under the supervision of experienced journey workers with related classroom instruction. It is sponsored by employers, employer associations or labor/ management groups that can hire and train in a working situation.
Employ Milwaukee is a federally legislated Workforce Board serving Workforce Development Area #2, Milwaukee County. It serves as the lead agency for the coordination, planning and administration of employment and training services for youth and adults, and creates linkages to employers across industries. In partnership with leaders from government, private industry, labor, education and community and faith-based organizations, Employ Milwaukee develops workforce solutions that meet and anticipate regional economic development needs. For employers it offers specialized training programs and innovative human resource services to provide the skilled workers they need to remain competitive and contribute to a robust economy. For job seekers, it provides the resources to keep pace with today’s job market.