In a rapidly changing 21st century economy, students and workers need preparations that reflect the necessary skills currently required for the jobs of today. The Chamber Foundation and its partners are exploring new ways for employers and the financial services community to collaborate and identify new private sector tools for financing talent, develop new strategies for managing risk in the labor market, and manage how to pay for workers to get and constantly refine the skills they need. The Talent Finance initiative explores new ways to invest in people and skills that keep pace with innovation and advance economic opportunity, diversity, inclusion, and competitiveness.
In this episode of the Talent Finance Speaker Series, Paul Freedman, president, Learning Marketplace at Guild Education, sat down with Sarah Miller, senior advisor, Community and Economic Development at the Federal Reserve Bank of Atlanta, to discuss the transformation in how we think about our talent development systems and the solution that lies in a public-private approach. Freedman, when speaking on talent development, states that “talent development has moved from something you provide as part of a job description that you hope somebody doesn’t take up to where the smarter employers are recognizing that there is a meaningful return on investment.”
With the need for an increased investment in human capital comes a solution that, as Freedman states, “requires a different way of thinking about skills and talent development.” A public-private partnership is crucial to investing in the talent of our workforce. With a data-driven approach, the Talent Finance initiative is leading a movement to connect the private and public sectors to work towards increasing investment in people.
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