Something has clicked with industry’s approach to talent development

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April 7, 2022 Taking more responsibility      Welcome to another edition of Market Moves, where we scan the Endeavor Business Media universe for stories on strategy, leadership and investment to help you better track what’s going on in your markets and the economy. The focus this time is on the near-universal pain point that is labor.      Employers and industry groups have talked for years about the need to invest in technical education and worker training. And, to their credit, many have invested solid sums of money with community colleges, vocational schools and other specialized institutions. It hasn’t been enough.      Firms understand that the battle for talent is fiercer than ever and will remain so: 80% of 3,000 executives at companies with more than $100 million in sales recently told Alix Partners they agree with the statement, “My company needs to take on more responsibility educating and training our current and future workforce.”      That awareness is evident in several ways. The tried-and-true apprentice model is picking up steam: The Labor Department says more than 80,000 people completed programs in both 2019 and 2020, up from an average of less than 50,000 mid-decade. But much more scale is needed and being built. Numerous trucking companies have long run networks of driving academies – Yellow recently opened its 17th campus and is building more – and hospital giant HCA Healthcare is making a similar push in nursing.      Chip titan Intel, meanwhile, will invest $100 million in education to go with $20 billion for two fabrication plants in Ohio. And investors seeing a lucrative opportunity in disjointed labor markets have plowed millions into workforce startups with gig-economy flavors. On some occasions, they’ve been joined by employers such as home health giant Amedisys, which is testing new staffing models via its investment in ConnectRN.      In short, an all-of-the-above approach to workforce training and talent development is a must. You can catch up to more work by the Endeavor team on this crucial topic via the links below. Geert De Lombaerde, Senior Editor SPONSORED BY LBMC Your team may be missing a vital strategic partner As disruption continues to impact business leaders with increasing speed, organizations are facing more complex problems than ever before. Leveraging an Advisory Services team helps leaders create value, navigate growth and manage risks. Find Out More   →   FROM FLEETOWNER As fleets seek future drivers, group backs federal apprenticeship program The Truckload Carriers Association has signed on as a sponsor of the Labor Department’s project. Read the story  →   FROM HEALTHCARE INNOVATION HCA eyeing another 18 nursing college campuses The growth push is part of a plan to triple the number of Galen nursing graduates by 2026. Read the story  →   FROM INDUSTRYWEEK Intel investing $100M in semiconductor education Programs will take place nationally through matching funds from the U.S. National Science Foundation. Read the story  →   FROM INDUSTRYWEEK Manufacturers help create high school curriculum In Western New York, students are using technology to transform concepts into physical products. Read the story  →   FROM HEALTHCARE INNOVATION Nurse staffing company snags $60M investment Gale Healthcare’s platform has been used to provide more than 10 million hours of patient care. Read the story  →   FROM HEALTHCARE INNOVATION Six health systems form workforce-focused alliance Evolve will pool the human capital know-how of organizations home to 330,000+ people. Read the story  →   FROM FLEETOWNER WorkHound secures $12M for future growth Execs look to grow their team, introduce their worker feedback platform to more supply chain markets. Read the story  →   FROM INDUSTRYWEEK When chief HR officers hold leadership accountable, organizations thrive It is a pivotal role that often falls short of its potential. Read the story  →     Click here to unsubscribe. You may unsubscribe at any time. Read our privacy policy. Contact us by emailing emailsolutions@endeavorb2b.com, or writing: Endeavor Business Media, LLC c/o E-mail Unsubscribe 30 Burton Hills Blvd., Suite 185 Nashville, TN 37215 USA © 2022 Endeavor Business Media, LLC. All Rights Reserved.