ERIC Number: ED432692
Record Type: Non-Journal
Publication Date: 1999-Aug
Reference Count: N/A
Demand for Skills Spurs Market To Manage Workforce Pipeline.
WorkAmerica, v16 n7 p1,4-5 Aug 1999
Knowledge supply chains are market-driven, competency-based systems in which education and training are aligned to help employers, educators, workers, and students navigate more effectively in the global economy. Three key trends warrant attention in today's global economy: (1) knowledge and skill needs are escalating and changing rapidly; (2) increasingly, knowledge "consumers" (mostly employers) and knowledge "suppliers" (mostly educators and trainers) are working together to improve coordination of the organizations that develop talented professionals; and (3) by managing the knowledge supply chain, employers, educators, and trainers are aligning education and training into a market-driven competency-based system. In the emerging knowledge supply chain system, education and training are increasingly pegged to high standards. The nation's current workforce development system is driven largely by government funding, social goals, institutional roles, political preferences, and isolated programs such as school-to-careers, welfare-to-work, and vocational education. The 1998 Workforce Investment Act provides a window of opportunity to reshape this disjointed system into a market-driven, competency-based engine of talent development. Public-private partnerships must be increased, and the workforce development system must be reoriented from "pushing" people from schools into the labor market to "pulling" people with both general knowledge and the right skills from schools attuned to business needs. (MN)
Publication Type: Journal Articles; Reports - General
Education Level: N/A
Authoring Institution: National Alliance of Business, Inc., Washington, DC.
Identifiers - Laws, Policies, & Programs: Workforce Investment Act 1998