Wells Fargo is one of the first financial industry services companies to offer the program to veterans
SAN FRANCISCO--(BUSINESS WIRE)--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.
