April 04, 2023

Multiverse’s 2023 Impact Report Highlights the Power of Professional Apprenticeships

M Multiverse, a professional apprenticeship company with over 10,000 apprentices and 1,000+ business partnerships worldwide, has released its 2023 Impact Report. The report highlights the tangible influence of apprenticeships on young adults and organizations and their growth as an alternative career pathway.

Professional apprenticeships provide a tuition-free route to a career, helping to combat issues such as college affordability, accessibility, and racial inequity. Multiverse matches talented individuals at any stage in their career with roles in the tech industry, where they earn a salary and learn in-demand skills.

…multiverse works directly with business leaders to tailor apprenticeship programs to unique business needs – closing the digital and data skills gap and ultimately impacting bottom lines…

Graduates of Multiverse programs enjoy better career prospects, salaries, and chances of promotion. They also contribute more to their businesses by staying longer and bringing strategic innovations and insights. Key benefits for Multiverse apprentices include an average salary of $60,000 while they learn, a salary increase for one-third of all apprentices between starting and finishing their apprenticeship, new job responsibilities for 69% of apprentices after they finish their apprenticeship and 93% of apprentices remaining at their company post-apprenticeship.

Multiverse works directly with business leaders to tailor apprenticeship programs to unique business needs – closing the digital and data skills gap and ultimately impacting bottom lines. In a previous report, the company found that on average, 8.5% of businesses’ annual revenue is lost as a result of poor data literacy.

Multiverse develops metrics for success that vary based on client priorities leading to significant cost-saving and revenue-generating impact across all programs.

Multiverse’s 2023 Impact Report highlights the significant influence of professional apprenticeships on young adults and organizations. By providing a tuition-free route to a career and matching talented individuals with roles in the tech industry, Multiverse is helping to combat issues such as college affordability, accessibility, and racial inequity. With its tailored apprenticeship programs and focus on closing the digital and data skills gap, Multiverse is making a positive impact on both individuals and businesses.

Posted in News and tagged News, Multiverse, Apprenticeship, Career Pathway, Skills Gap, Business Needs
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