As the COVID-19 situation continues to evolve, the U.S. Chamber of Commerce Foundation is engaging with corporate leaders across the country regarding the impacts of this health and economic crisis on businesses and communities.
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As businesses look to persevere through the economic downturn caused by COVID-19 and rebuild for the future, there is an even greater need to hold workforce education accountable for career growth and business impact.
The U.S. Chamber Foundation stands ready to help communities navigate the significant challenges they are facing in a time of great uncertainty. Like any major natural disaster, the coronavirus will have a significant impact on workers, businesses, and the economy. The leadership of the business community has never been more important than in times of crisis.
Building on the work of other states, we partnered with the business communities in Idaho, Iowa, Mississippi, and Pennsylvania and their early education partners to understand just how much breakdowns in childcare cost each state. In this study we looked at the causes of childcare challenges as well as motivations behind why parents select various childcare providers. Knowing many employers want to facilitate more access to childcare but do not know where to begin, we sought to learn what types of childcare benefits working parents desire most from employers.
The U.S. Chamber of Commerce Foundation released a new report, “Hiring in the Modern Talent Marketplace.” The report demonstrates that employers and hiring managers are preparing for a world where competencies – not degrees – are the most important factors when filling a job. The findings show that employers are working with higher education to align what is taught in the classroom with the needs of the economy.