Retaining skilled workers is just as important as recruiting them and often more cost-effective. Many federal and state agencies recognize this challenge and offer incentives that help businesses train, retrain, and upskill employees while reducing upfront costs. These programs are designed to directly reduce turnover, improve employee satisfaction, and support long-term retention.
High-impact programs are available to support workforce training and retention at the federal and state levels, including:
- Workforce Innovation and Opportunity Act (WIOA) – Provides federal funding for job training and employment services for adults, dislocated workers, and youth. WIOA also supports on-the-job training and credential-based learning through partnerships with local employers.
- State Skills Grants –
- Texas: The Skills Development Fund offers grants for customized training delivered through partnerships with local colleges.
- Louisiana: LED FastStart offers customized, comprehensive retraining and upskilling programs, with recruitment support, for eligible businesses.
If your client is investing in their workforce development, loop us in! Our team can help identify job training incentives that offset costs for retention initiatives already in motion, enhancing your client’s project value.