Great news! Agency Performance Partners has two training programs that have been approved in Massachusetts for the Workforce Training Fund Express Program administered by Commonwealth Corporation which reimburses businesses to fund training for employees. They will reimburse 50% of the total cost of our 6 month training programs, AppX Sales and AppX Retention. This is a great merge of our ridiculously amazing training programs with a great state program focused on helping small businesses.
To qualify for the Workforce Training Fund Program (WTFP), you must contribute into the fund and be in good standing with the state. All for profit businesses automatically pay into the fund! The WTFP is available to any size business, but they are focused on small to mid-size businesses that need the extra funds to do the necessary training for their teams.
AppX is the name of our amazing training programs. It stands for Agency Performance Partners eXperience. Our two most popular training programs, AppX Sales and AppX Retention, have been approved and are pre-registered for the program. These programs install a sustainable new approach that improves staff morale as well as revenue.
Our AppX Sales program helps anyone in the office that handles new business calls. This includes anyone that is mostly focused on new business as well as a more traditional account manager that is asked to cross-sell, obtain referrals and be able to not only quote but also close these opportunities. After only three months we see on average a 30% boost in new business premium written.
In our AppX Retention program, we install a proactive annual review process. After only 6 months in this program, we see a reduction in team stress and an average a 1-2% increase in retention and 4-8 account rounds per person per month.
The Express Program is for businesses of less than 100 employees with a $30,000 limit for the business and $3,000 per employee per calendar year. There are 8 simple steps to apply, obtain approval, and get reimbursed for the program. It is extremely important that you follow the steps in order and pay particular attention to the timing of each event.
Agency Performance Partners already has several clients that have been approved for the process and although you need to make sure you are following the process, it was been a fairly simple process for them.
The full process can be found here. In short, you must apply with the appropriate documentation then contract with the vendor and set up the first training date. After 3-4 weeks, the administrator will contact you to obtain your training date and get you the Express Program Agreement. The training cannot start until this agreement has been received.
Because our programs have some prep work before we come onsite, we have been suggesting that our clients sign up for the training program at the same time they apply for the grant. This prevents wasted time without falling outside of the plan’s guidelines.
After the training you submit a Reimbursement Request, copy of the invoice and proof of payment. Within 30 days, you will receive a check for 50% of the total cost spent.
And that’s it! This is a great program and it’s been a pleasure working with the One Stop Career Centers and Commonwealth Corporation to better understand the fund and register our training programs. We will be happy to assist you through the application process. Contact us today to learn more about the two programs that have been approved by the state or to discuss any of our other services!
