STRATEGY, IMPLEMENTATION
STRATEGY, IMPLEMENTATION and GOALS Key Actions Ensure programs and services are delivered to apprentices, employers and tradespeople to meet the Percy quality of service standard. To promote apprenticeship as a valuable and rewarding career choice. Percy’s main focus is to ensure that an effective infrastructure and quality services are in place so that apprenticeship skill development will be achieved and skilled journeypersons are available for the New York labor market. Percy expends the vast majority of its resources, human, financial and capital on activities and programs that support this focus, including: ‣ Planning, coordinating and contracting for the delivery of apprentice technical training; ‣ Maintaining current and relevant industry standards for occupations, curricula, training and certification; ‣ Receiving, reviewing and registering new apprentice applications on an ongoing basis; ‣ Administering entrance, diagnostic, level exemption, practical, proficiency, endorsement and journeyperson examinations to apprentices and tradespeople, including follow-up one to one support; ‣ Maintaining details of work experience and technical training for each apprentice throughout the two to five year apprenticeships; ‣ Improve awareness of apprenticeship opportunities and career options in the skilled trades to students, teachers, counselors, administrators and parents in the K-12 system; ‣ Improve awareness of apprenticeship opportunities and career options in the skilled trades to women, immigrants and other minority group members; and ‣ Increase public recognition that careers in the skilled trades provide rewarding, firstchoice career opportunities. Key Actions-Employer ‣ Training: Hands-on training is one of the best ways to learn. Hiring apprentices helps pass on your – and your journeypersons’ – knowledge and experience. In addition, training a new generation of trades people will help your business stay on the leading edge. ‣ Skilled Workforce: Ensuring a skilled workforce is available now and in the future is important for the sustainable growth of your business. By hiring apprentices, you’ll ensure that you have qualified and productive employees today and tomorrow. ‣ Competitiveness: With an apprenticeship program, you get workers with on-the- job and technical training laying the foundation for improving your competitiveness in the future. 50 | Page
‣ Profitability: Given the importance of a healthy bottom line, it’s critical to train a motivated and skilled workforce to meet your needs and to ensure a competitive advantage. Apprentices require good academic skills and, with your on-the-job training, it makes for a profitable and smart investment for you and your business. ‣ Training. Talent. Profit: That’s what apprenticeship is all about. Hiring apprentices makes good business sense. ‣ Inclusiveness. New York’s workforce and economy needs people from all races, genders and walks of life." Production of Business Percy established and operates programs for skilled trades. Journeyperson graduates are able to advance to supervision, management and ownership of enterprises that are qualified for bonding to successfully bid and complete construction and service contracts with owners such as the federal government, creating multiplying opportunities and potentially thousands of jobs. Percy is already providing a market for minority and disadvantaged businesses to obtain contractors’ surety bonding, and to provide technical support to assist startup and progress toward successful bonded contractor operations. Currently, federal and state programs do not provide realistic access for minority and disadvantaged businesses into the mainstream other than through set-aside goals or quotas. The goals have not historically provided real access. Underwriting Underwriting is centrally administered. Agents actively solicit and then forward completed applications for processing, issuance, and mailing of the policy to the insured. In the occupational benefits arena, on-site loss control surveys are conducted by loss prevention and safety specialists certified by the local regulatory authority(s). In appropriate situations, safety plans are developed and implemented with the assistance of the prospective insured as a cost containment mechanism. Reinsurance Beyond the basic capital structure needed for lines of insurance and type of risk, additional capital can be provided by reinsurance from a captive reinsurer. 51 | Page
