The unrelenting forces of competitors, know-how, and globalization pose an incredible problem in protecting staff repeatedly outfitted and up to date with the talents they should compete within the quickly altering international financial system. A nation’s capacity to retrain and reskill its staff on the tempo of technological change is important. Austria and Germany—by means of their nationwide “WIFI” vocational coaching and apprenticeship applications, respectively—symbolize two of the world’s leaders in offering refined workforce retraining.
ITIF hosted the primary occasion in its @Work collection to debate insights from main international locations’ workforce retraining applications, plus main efforts in the USA, such because the modern efforts at LIFT, Light-weight Improvements for Tomorrow, one among America’s new Institutes of Manufacturing Innovation. Panelists mentioned how classes from these main applications can translate into insurance policies and actions bolstering America’s method to workforce retraining.