Frustrated that training, to the tune of $80 billion, isn’t doing the job for both employers and employees, the U.S. Chamber of Commerce Foundation is doing something about it.
On Sept. 21, the group announced a new program, Talent Finance, to figure out ways to invest in skills that will help employers fill open jobs.
“In the 21st-century economy, jobs—and the skills required to fill those jobs—change rapidly, but the preparation of students and workers is based on a different era and economy,” the group said. “We are launching this initiative to catalyze business-led solutions to close that skills gap.”
The group wants an up-to-date model to address the skills gap.
“Public and private sector financing innovations combined with access to better data and more robust employer leadership, set the stage for restructuring how we finance and manage the risks in talent development for all relevant stakeholders,” says Jason Tyszko,