Our partners at CAMA developed this return on investment calculator to help companies make informed decisions regarding their participation in our youth apprenticeship initiative. The calculator predicts the net financial impact a given apprenticeship program will have on your business. Here is how to use it:

  1. Answer the following questions with information that is specific to your company and the apprenticeship program you envision.
  2. We’ve provided estimate values for each question. If you are unsure how to respond to a particular question or don’t have program or company-specific information, feel free to input our estimate value.
  3. The tool will automatically calculate your expected gross costs, gross benefits, net benefit (or net cost), and return on investment.
  4. If your results show a net cost, experiment with the inputs to see how changes to program structure can lead to a profitable apprenticeship program.

Compensation Costs

How many hours per week will your apprentices work during Year 1:
How many hours per week will your apprentices work during Year 2:
How many hours per week will your apprentices work during Year 3:
Work weeks during Apprenticeship months 1-6:
Work weeks during Apprenticeship month 7-12:
Work weeks during Apprenticeship months 13-18:
Work weeks during Apprenticeship months 19-24:
Work weeks during Apprenticeship months 25-30:
Work weeks during Apprenticeship months 31-36:
Work hours during Apprenticeship months 1-6:
Work hours during Apprenticeship month 7-12:
Work hours during Apprenticeship months 13-18:
Work hours during Apprenticeship months 19-24:
Work hours during Apprenticeship months 25-30:
Work hours during Apprenticeship months 31-36:
What wage will you offer for Apprenticeship months 1-6?: $
What wage will you offer for Apprenticeship months 7-12?: $
What wage will you offer for Apprenticeship months 13-18?: $
What wage will you offer for Apprenticeship months 19-24?: $
What wage will you offer for Apprenticeship months 25-30?: $
What wage will you offer for Apprenticeship months 31-36?: $
Year 1 Wages:
Year 2 Wages :
Year 3 Wages:
Payroll Tax Rate:
Employee Benefits Rate:
Workers Compensation Insurance Rate:
Year 1 Payroll Taxes:
Year 2 Payroll Taxes:
Year 3 Payroll Taxes:
Will the employer have to provide employee benefits to apprentices during Year 1? (True= Yes; False= No):
Will the employer have to provide employee benefits to apprentices during Year 2? (True= Yes; False= No):
Will the employer have to provide employee benefits to apprentices during Year 3? (True= Yes; False= No):
Year 1 Employee Benefits:
Year 2 Employee Benefits:
Year 3 Employee Benefits:
Year 1 Workers Compensation Insurance:
Year 2 Workers Compensation Insurance:
Year 3 Workers Compensation Insurance:
Year 1 Compensation Costs:
Year 2 Compensation Costs:
Year 3 Compensation Costs:
Total Program Compensation Costs:

Training Costs

Year 1 Workplace hours:
Year 2 Workplace hours:
Year 3 Worplace hours:
Year 1 percentage of workplace hours devoted to training :
Year 2 percentage of workplace hours devoted to training :
Year 3 percentage of workplace hours devoted to training :
Year 1 Training hours in the workplace:
Year 2 Training hours in the workplace:
Year 3 Training hours in the workplace:
Year 1 percentage of training hours that are supervised :
Year 2 percentage of training hours that are supervised :
Year 3 percentage of training hours that are supervised :
Year 1 Supervised training hours:
Year 2 Supervised training hours:
Year 3 Supervised training hours:
What is the average hourly wage of company staff who will be training the apprentice?: $
Year 1 Training Opportunity Cost:
Year 2 Training Opportunity Cost:
Year 3 Training Opportunity Cost:
Year 1 Training Center Contribution:
Year 2 Training Center Contribution:
Year 3 Training Cetner Contribution:
Year 1 Total Training Costs:
Year 2 Total Training Costs:
Year 3 Total Training Costs:
Total Program Training Costs:

Planning Costs

How many total hours to you expect company staff to devote to planning your apprenticeship program?:
What is the average hourly wage of company staff who are involved in planning your apprenticeship?: $
How many apprentices do you expect to hire?:
Total Planning Costs (per apprentice):

Benefits

Year 1: Apprentice workplace hours vs. fully trained workers workplace hours:
Year 2: Apprentice workplace hours vs. fully trained workers workplace hours:
Year 3: Apprentice workplace hours vs. fully trained workers workplace hours:
Year 1: Percentage of apprentice workplace hours devoted to productive taks vs. fully trained worker:
Year 2: Percentage of apprentice workplace hours devoted to productive taks vs. fully trained worker:
Year 3: Percentage of apprentice workplace hours devoted to productive taks vs. fully trained worker:
Year 1: How efficient do you expect your apprentice to be with productive tasks compared with a fully trained worker?:
Year 2: How efficient do you expect your apprentice to be with productive tasks compared with a fully trained worker?:
Year 3: How efficient do you expect your apprentice to be with productive tasks compared with a fully trained worker?:
Year 1: Apprentice relative productive contribution:
Year 2: Apprentice realative contribution:
Year 3: Apprentice relative contribution:
Hourly wage of fully trained worker: $
Fully trained worker hours in a year :
Fully trained worker annual salary:
Payroll taxes for fully trained worker:
Workers compensation insurance for fully trained worker:
Benefits for fully trained worker:
Cost of Employement for fully trained worker:
Productivity multiplier (by how much value of an employee's contributions > cost of employment): $
Annual Productive Contribution of a fully trained worker :
Year 1: Apprentice Productive Contribution:
Year 2: Apprentice Productive Contribution:
Year 3: Apprentice Productive Contribution:
Total Program Apprentice Productive Contribution:

Recruiting Savings

What do you estimate your apprentice to full time employee convesion rate to be?:
What are your average recruiting costs for the occupation in question?: $
Total Recruiting Savings:

Results

Year 1 Productive Work:
Year 1 Compensation Costs:
Year 1 Training Costs:
Year 1 Net Financial Impact:

Year 2 Productive Work:
Year 2 Compensation Costs:
Year 2 Training Costs:
Year 2 Net Financial Impact:

Year 3 Productive Work:
Year 3 Compensation Costs:
Year 3 Training Costs:
Year 3 Net Financial Impact:

Planning Costs:
Recruiting Savings:

Total Program Costs:
Total Program Benefits:

Program Net Financial Impact:

Program ROI:
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