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“Traditionally, [the thinking was] you need X number of years of experience and X degree.

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The jobless rate has remained higher than 5%, and unemployment among urban youth age 15 to 29 years rose to 17.9% in May from 17.2% in April, and in rural areas, youth unemployment climbed to 13.7% from 12.3% in the same period, Reuters reported.

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Services Fuel Private-Sector Job Growth; Annual Pay Up 4.4% U.S. private-sector employment increased by 41,000 jobs in December, according to the latest ADP National Employment Report , released Wednesday, Jan. 7.

For example, if X number of people perform a certain way (Y), the impact on the compensation budget will be Z.

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Calculate ROI The overall ROI is calculated by subtracting the costs from the returns and expressing it as a percentage: (Total Financial Returns – Total Investment) / Total Investment x 100 For example, the ROI for four apprenticeships over one year would look like: Total Investment = $200,000 Total Financial Returns = $300,000 ROI = (300,000 - 200,000) / 200,000 x 100 = 50% An ROI of 50% means that for every $100 invested in the apprenticeship program, the organization receives $150 in return (i.e., $50 profit for every $100 spent).