Training Grants Available to Upskill Your Workers and Make Your Company More Competitive
The Monterey County Workforce Development Board is offering training grants to Monterey County employers wanting to upskill their seasoned (incumbent) workers. These grants, provided through our Incumbent Worker Training Program, can help qualifying firms to upgrade the skills of existing employees to help the business remain competitive, increase profits, and support the growth of the business.
According to a report from the World Economic Forum, breakthroughs in mobile connectivity, the Internet of Things, artificial intelligence, robotics, 3D printing, and advanced materials will radically transform manufacturing and production systems in the next five to ten years.
However, as the “Age of Automation” infographic at the bottom of the page shows, “despite a large portion of jobs being at high risk of automation, job losses may not be as severe as feared as manufacturers upskill workers to adapt for a new technological future.” This is especially true in manufacturing for first line workers: employees who deliver products and materials, drive product quality, and keep critical equipment running.
Also, as the ROI study below shows, there are many preventable impacts on business that need to be taken seriously to avoid potential loss of qualified workers.
Incumbent Worker Training Grants
You pay for the training up front and we reimburse a portion of the cost.
The amount of the training grant offered to the employer while attending a training program is based upon the number of business employees, and shall not be less than the percentages shown in the graphic to the right.
2019 ROI Retention Report
A 2019 Retention Report: Trends, Reasons and A Call to Action, prepared by the Work Institute, utilizes data from over 250,000 employees, including more than 37,000 employees who quit their job in 2018, drew the following conclusion.
“Having studied closely the trends related to employee turnover, it is becoming clear that employers are not taking employee retention seriously. Not only is voluntary turnover up 7.6% over 2017, but preventable reasons for leaving are also trending up. This has added significant operational cost to companies, compromising growth, and profit.”
(Source: Work Institute.)
Please note our minimum requirements for job seekers:
- Authorization to Work. An individual must have the authorization to work in the United State to be eligible to receive Workforce Innovation & Opportunity Act (WIOA) employment services, and
- Selective Service Registration. Men born on or after January 1, 1960, residing in the United States (citizen or non-citizen) must register with Selective Service between their 18th and 26th birthday to be eligible for WIOA services.
Employers must be in operation at least twelve months and employ at least five full-time employees, be financially viable and current on all state and federal tax obligations.
If several employees will participate in the training, the majority of those employees must satisfy the six-month employment history requirement.
To be eligible to participate in the training, the employee must be at least 18 years of age, be employed full time, and have at least a six-month work history with your company at the start of the training program.
The employee’s individual hourly wage should be at least $14.00/hour.