TPM Strategy #2 - Engage in Demand Planning
With 6 million unfilled jobs in America and 7 million people who are unemployed, our nation is facing a skills gap that must be closed in order for American families, communities, and businesses to thrive. The U.S. Chamber of Commerce Foundation’s Talent Pipeline Management (TPM) puts employers in the driver’s seat to address the critical workforce needs that are keeping businesses and communities across the country from growing. In Strategy One, you learned how to form an employer collaborative in which employers work together to identify the most pressing needs of the business community and create shared value.
Strategy Two of TPM looks at the lessons learned in supply chain management and applies them to the talent pipeline. Instead of using labor market information, which is often too broad and general for individual communities, TPM utilizes demand planning, which is more specific and narrowly focused to meet the needs of the collaborative. In demand planning, end-customers, or the businesses, manage their value chain by identifying the quantity of positions it needs to fill, where the jobs will be available, and when they will need the positions filled.
Members of the collaborative then share their data with each other to ensure that the collaborative is focused on the right positions. By first focusing on the quantitative needs of the industry or community, collaboratives can be responsive to the changing needs of their talent supply chain to start closing the skills gap.
In anticipation of the upcoming national workforce conference on October 16, America Working Forward, each week the Chamber Foundation will release a video to describe one of the six TPM strategies. The Foundation will publically release its TPM Academy curriculum at the event. Register for the event here or check back to learn about the next strategy.