Business Roundtable today launched a new initiative to address worker shortages in skilled trades by strengthening talent pipelines. The new workforce initiative, which was announced during the Roundtable’s CEO Workforce Forum, will be co-championed by the CEOs of Lowe’s and Carrier Global Corporation.
Skilled trades workers power American industry, yet there is an estimated imbalance of 20 job openings for every one net new employee. The Business Roundtable Skilled Trades Initiative will collaborate with companies, outside experts and non-profit groups on developing resources, training and other tools to help close the talent gap in these trades.
“Business Roundtable launched the Skilled Trades Initiative to raise public awareness, highlight the importance of these roles to the economy and support employers’ commitment to grow the pipeline of workers,” said Marvin Ellison, Chairman and Chief Executive Officer of Lowe’s. ”While technology continues to evolve, it cannot replace plumbers, electricians, construction workers, maintenance and repair pros, or other tradespeople. Investing in skilled trades is vital to address America’s workforce shortage.”
“Business Roundtable CEOs do not just want to compete for the same limited talent pool. We want to work together across industries to make real progress in closing talent gaps and expanding opportunity for more workers — whether they are service technicians, welders, electricians or line-workers — across these in-demand fields,” said David Gitlin, Chairman & Chief Executive Officer of Carrier Global Corporation. “I want to reiterate the importance of this initiative for businesses in every sector and of all sizes that will benefit from a strong pipeline of skilled trades professionals.”
The new initiative will focus on trades most closely associated with the growth of America’s production economy that emphasize the use of tools and materials to build, move or repair products and structures. This includes but is not limited to the following roles:
Through the initiative, Business Roundtable member companies will have access to:
The Skilled Trades Initiative is the latest of Business Roundtable’s Corporate Initiatives — work that involves over 150 companies representing millions of employees nationwide. These companies are working together at scale to ensure that employees have the skills they need to succeed in a rapidly changing economy, expand economic opportunity to more Americans and maintain America’s competitive edge.
Learn more at www.businessroundtable.org/corporate-initiatives.
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