Investing in America's Workforce: Improving Outcomes for Workers and Employers

March 1, 2019

Federal Reserve Bank of Atlanta

O ur country can reach its full economic potential only by aligning its workforce's skills with its employers' needs. Despite an improving economy and numerous programs, significant labor market challenges persist for both workers and employers.

Reframing and reimagining workforce development efforts as investments—instead of social services—can lead to scalable solutions and measureable outcomes. Investing in workforce development can bolster the equitable and efficient use of resources, leading to more successful outcomes for individuals, more viability for businesses, and more regional economic growth.

Working together affords businesses, government agencies, nonprofits, and philanthropic organizations a more efficient way to rethink policy and investments, attract new resources, and improve economic mobility for workers. In addition to revealing new funding sources, partnering can leverage existing investments for even greater impact.

How can public, private, and nonprofit sectors coordinate efforts and integrate new technologies and finance models to meet the needs of both workers and employers? Learn about investing in workforce development systems in the new three-volume book Investing in America’s Workforce: Improving Outcomes for Workers and Employers. Gain insights from more than 100 authors who share research, best practices, and resources on workforce development focused on three distinct areas:
  • Investing in Workers
  • Investing in Work, and
  • Investing in Systems for Employment Opportunity.
The publication is the result of a two-and-a-half-year collaboration between the Federal Reserve System, the Heldrich Center for Workforce Development at Rutgers University, the Ray Marshall Center at the University of Texas at Austin, and the W.E. Upjohn Institute for Employment Research.

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