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Electricians

For Electricians, the ROI in Michigan for employers is 7.6802, indicating that for every $1 that an employer invests in an Electrician, they will receive approximately $7.68 back. In the first year of education, benefits outweigh costs, and ultimately, the net benefit of a Electricians apprentice is $103,733.38.

Your totals for Electricians have been calculated! Don't forget --for a more accurate rate, go to Settings to enter the billing rate & wages/overhead costs for any employees involved in training your apprentice.

Apprenticeship

Settings

Wages (Per Hour)
Year 1
Year 2
Year 3
Year 4
Salary (Per Year)

$31,480.00

$38,940.00

$48,160.00

$59,560.00

Training (Per Year)
Year 1
Year 2
Year 3
Year 4

TOTALS

$178,140.00
$12,305.00
ROI

$190,445.00

4-Year Cost

$106,809.63

4-Year ROI

Total ROI

= $106,809.63 4-Year Benefit
$25,835.59 Year 1 Benefit
$19,613.04 Year 2 Benefit
$27,979.25 Year 3 Benefit
$33,381.75 Year 4 Benefit