A wholesale reexamination of existing strategies and program administration is needed to enable individuals to pursue new opportunities and fuel the country’s economic growth. Federal and state governments are well positioned to serve as a catalyst for this effort by convening the right parties, aligning goals and incentives, and helping to scale promising efforts through the strategic distribution of funds. However, governments face several barriers to achieving these objectives:
- Currentworkforce-developmentandreskilling initiatives lack the scale to meet the demands of the labor market.
- The proliferation of programs causes resources to be spread too thin.
- Workforce-planningdecisionsbyindividuals, educators, and policy makers are hindered by limited data and insights.
- Employers say educators are not meeting industry needs, while educators say employers are insufficiently involved.
- An overemphas is on credentials,including licensures, unnecessarily restricts workers and employers.
- Workforce strategies are often high level, fragmented across silos, and without clear targets and accountability.
To address these barriers, elected officials and other stakeholders must make workforce development a top priority, dedicating leadership and resources to the effort at a strategic level. Cross-sector collaboration is also critical to implementing more-effective workforce development programs; government can serve as convener, catalyst, and broker for these conversations.
Seven initiatives to transform workforce development
Governments can break free from traditional approaches to workforce development, and our experience and research have identified seven types of initiatives that hold significant promise. Each has the potential to support and accelerate workforce development—but the greatest value can be achieved when governments pursue all seven in a strategic, coordinated way (Exhibit 2).
Chosen excerpts by Job Market Monitor. Read the whole story at Creating an effective workforce system for the new economy