Wells Fargo Launches ApprenticeshipUSA Program for Veterans
May 18 2017 - 7:00AM
Business Wire
Wells Fargo is one of the first financial
industry services companies to offer the program to veterans
In honor of National Military Appreciation Month, Wells
Fargo & Company (NYSE:WFC) today announced it has launched its
ApprenticeshipUSA program for veterans. A Department of Labor
program, ApprenticeshipUSA offers companies the tools needed to
develop a highly skilled workforce and provides veterans the
opportunity to earn a salary while learning additional skills
necessary to succeed in high-demand civilian careers. In addition
to ApprenticeshipUSA, Wells Fargo offers other veteran career
transition initiatives, including the Veteran Employment Transition
(VET) Internship Program, American Corporate Partners mentorships,
and scholarships and emergency grants through Scholarship
America.
“Our commitment to hiring veterans remains a top priority for
Wells Fargo,” said Carly Sanchez, EVP, head of Talent Acquisition
Strategy & Delivery at Wells Fargo. “The ApprenticeshipUSA
program is an excellent resource for us to attract and retain
eligible veterans who have strong leadership competencies and other
skills, but may not have strong financial industry knowledge.”
ApprenticeshipUSA allows eligible veterans to use their GI Bill
education benefits to receive a tax-free monthly payment. The
Post-9/11 GI Bill payment is the equivalent of the Monthly Housing
Allowance (MHA) of an enlisted rank five (E-5) with dependents
(varies by employer location). It is paid by the government in
addition to the wages earned as an apprentice and veterans receive
a payment for every month of their apprenticeship. After six months
of a veteran’s apprenticeship, the payment is gradually reduced –
and is offset by progressive wage increases.
The ApprenticeshipUSA Program will be piloted in the company’s
Community Bank, Consumer Lending, and Payments, Virtual Solutions
and Innovation divisions. For more information about the pilot and
where to apply, please visit:
https://www.wellsfargojobs.com/military
Additional Wells Fargo Career Transition Programs for
Veterans
Veteran Employment Transition (VET) Internship
Program
Wells Fargo launched its VET Internship Program focused on
supporting and training transitioning veterans for opportunities
within the financial industry. In 2016, Wells Fargo Securities, the
company’s investment banking and capital markets division, led the
pilot program of 8 with such success that the program has expanded
to multiple divisions of the bank. Wells Fargo showed great success
in expansion efforts, hiring a class of 44 in 2017. Please visit
the website (myfuture.wf.com/veteran) for more information on our
2018 program.
Scholarship America
In 2016, Wells Fargo committed $2 million over a four year
period to Scholarship America to fund scholarships and emergency
grants for veterans and their families to successfully integrate
into civilian life. To date, Wells Fargo and Scholarship America
have awarded 22 scholarships and 25 emergency grants to support
education and vocational training for veterans and the spouses of
disabled veterans.
American Corporate Partners
American Corporate Partners (ACP) is a national nonprofit
focused on assisting returning veterans in building their next
careers through one-on-one mentorship and professional networking
opportunities. ACP Mentors and veteran Protégés meet virtually or
in-person for approximately one hour per month over the course of
one year to discuss career development topics such as résumé
review, interview preparation and career advancement. Since 2012,
Wells Fargo team members nationwide have mentored 300 ACP veterans.
For more information, please visit ACP’s website (acp-usa.org)
More information about Wells Fargo’s support of service members,
veterans, and their families is available at
wellsfargo.com/military/veterans.
About Wells Fargo
Wells Fargo & Company (NYSE:WFC) is a diversified,
community-based financial services company with $2.0 trillion in
assets. Founded in 1852 and headquartered in San Francisco, Wells
Fargo provides banking, insurance, investments, mortgage, and
consumer and commercial finance through more than 8,500 locations,
13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and
has offices in 42 countries and territories to support customers
who conduct business in the global economy. With approximately
273,000 team members, Wells Fargo serves one in three households in
the United States. Wells Fargo & Company was ranked No. 27 on
Fortune’s 2016 rankings of America’s largest corporations. Wells
Fargo’s vision is to satisfy our customers’ financial needs and
help them succeed financially. News, insights and perspectives from
Wells Fargo are also available at Wells Fargo Stories.
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Wells Fargo & CompanyMediaLisa Westermann,
415-222-6236Lisa.B.Westermann@wellsfargo.comTwitter
@LWestermannWF
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