Workforce development is an important initiative for local governments and businesses that want to cultivate a robust, interconnected and community-based workforce and employer network.
The goal of workforce development is to create a career path for individuals, while enhancing economic opportunities for businesses and communities. Workforce development benefits individuals by investing in personal and professional growth leading to a successful career, advancement and job satisfaction.
Benefits for employers include:
• Consistent pipeline of talent
• Lower turnover rate
• Improved productivity
Advances in technology, automation and competition have resulted in stagnant wages and fewer opportunities for low-skilled workers. As such, workforce development is more important than ever before. It not only improves a person’s prospects in life, but also leads to future benefits for the businesses that hire them. It requires a collaborative effort and partnership engagement to successfully establish a sustainable workforce development program in a community.
At Vistra, we understand the importance of developing, maintaining and communicating innovative workforce development programs and the effects these programs can have on communities. If interested in learning more about these capabilities, send us an email!