Business Roundtable is an association of chief executive officers of leading U.S. companies working to promote a thriving economy and expanded opportunity for all Americans through sound public policy.
These principles reflect the input of 12 national organizations from across the business and workforce development communities, including: The Aspen Institute’s Skills for America’s Future; Business Roundtable; CAEL; Center for Law and Social Policy; Committee for Economic Development; HR Policy Association; Jobs for the Future; National Associa
The Higher Education Act (HEA) is the primary source of federal funding to support students pursuing a postsecondary education. It was first enacted in 1965, and was most recently reauthorized in 2008, under the Higher Education Opportunity Act (HEOA). Its authorization expired in 2014. HEA currently provides roughly $140 billion in financial assistance to 15 million students annually. It also provides approximately $2.3 billion for multiple institutional aid programs each year.
BRT surveyed 177 member companies on workforce talent, including the extent to which they can hire employees with specific skills for key occupations.
Business Roundtable CEOs believe it is time to take action to improve education and workforce training.
A quality postsecondary education is foundational to workforce preparedness – both for workplace productivity and individual success. U.S. employers increasingly need highly skilled employees to compete globally, and individuals generally receive increased economic benefits based on their education levels. Federal policies should support America’s skills needs and expand postsecondary opportunities to more students.
As America’s economy climbs back from the deepest recession in more than half a century, it faces a new challenge: Businesses cannot find enough employees with the right knowledge, skills and training to fill critical jobs. This “skills gap” is a major reason the U.S. economy has not reached its full potential predicted before the recession.1 Moreover, the problem likely will persist unless significant policy changes occur.
In today’s world, learning – whether through education, training or experience – and working are no longer independent, stand-alone domains. The innovation-driven economy demands that individuals weave learning opportunities throughout their careers to upgrade their skills, acquire new competencies and apply them across multiple jobs and industries.
The National Network of Business and Industry Associations (the National Network) launched in late 2013 with the mission to improve economic opportunity and quality of life for Americans by better connecting the working world and the learning world. The National Network is pioneering this new movement to eliminate the divide between “school” and “work” and extend clear pathways to and from learning opportunities and good jobs.
The National Network of Business and Industry Associations (the National Network) will improve economic opportunity and quality of life for Americans by better connecting the working world and the learning world.
The Skills All Employees Need, No Matter Where They Work. Today, employers in every industry sector emphasize the need for employees with certain foundational skills. These include, a strong academic grounding in reading and math, as well as individual abilities such as teamwork, problem solving, work ethic and integrity.
Taking Action on Education & Workforce Preparedness presents a practical, forward-leaning plan to equip the U.S. workforce with the skills needed to compete and succeed in the 21st century.