We are experiencing one of the strongest and most sustained periods of economic growth in American history—accompanied by unprecedented levels of income inequality. That growth has led to the current tight labor market with its continued proliferation of skilled jobs, which, in combination with anticipated attrition due to Baby Boomer retirements, has created a never-before-seen tension between the demand to fill jobs and the lack of supply ready to fill those jobs.
That tension requires a more robust workforce development solution. For example, with historically tight job markets, employers are desperate for talent. They are now willing to consider previously disregarded sources of labor and new approaches to recruitment and retention. This not only offers greater economic opportunity to lower-income individuals, but it creates a competitive business advantage for the employer. To meet these extraordinary challenges and opportunities, we need a very different approach, a new kind of “Next Gen” workforce organization that can launch untapped talent into new opportunities at a much faster, more direct and sustained rate and support the long-term success of both workers and employers via advancement, retention and strong employment practices. It also requires accompanying investment by philanthropy and government to make Next Gen workforce development a reality.
Enter Project Catapult: a new way of doing workforce development that will be valued by employers and will support longer-term economic mobility for jobseekers and employees.
Continue reading “Project Catapult Launches First in Catapult Papers Series on The Future of Workforce Development”
Starting with this blog post, SkillWorks is beginning a feature called the Funders’ Corner. This month we have asked the Herb and Maxine Jacobs Foundation to share a few thoughts:
Our mission has always been focused on one societal problem – wealth inequality, but the specifics of our projects have evolved as we have learned more and as the environment has changed.
Continue reading “Funder’s Corner: Herb and Maxine Jacobs Foundation”
In case you missed it, the Workforce Solutions Group (WSG), with support and in partnership with SkillWorks, successfully hosted the 7th Annual Massachusetts Jobs and Workforce Summit on Wednesday, October 26 in Devens, MA. Every year, the Workforce Solutions group brings more than 300 key policy makers, business, labor, and education leaders, to present the latest information about statewide labor and credential needs, higher education initiatives and career pathways for young adults. This year’s theme? We Mean Business!
Continue reading “MA Jobs & Workforce Summit Recap: This Year, We Mean Business!”
As a workforce funder collaborative, SkillWorks invests pooled resources into employer-driven, sector-based training and placement strategies to help low-skill, low-and moderate-income job seekers move to family-sustaining jobs, and help employers find and retain skilled employees. SkillWorks is a nationally recognized workforce development intermediary and is the model for the National Fund for Workforce Solutions. Since its inception in 2007, the National Fund has been a key partner, advisor, and collaborator with SkillWorks, and we’re excited to continue working closely with the National Fund as they launch into an exciting new phase!
Continue reading “Introducing the NEW National Fund”