California Businesses Have the Tools to Help People Into Work
Businesses in California have received a huge boost that will in turn help the economy and increase employment. The California Competes Tax Credit committee has awarded $91.4 million in tax credits to 114 growing companies in California. It’s hoped that this will help to generate around 8,223 jobs and over $828 million worth of investment across the state. This news comes just as the Labor Department announced that the economy had experienced 76 successive months of job gains. Furthermore, California can boast the largest job gains across the whole of the U.S.
Making ends meet
But despite these job gains, California still has 4.9% of the labor force unemployed. And while there’s nothing as satisfying as earning your own money from a job, in the short-term, people living in California can claim unemployment benefits to help them get by. But for those who want to come off unemployment benefits and back into work, what can businesses do to help them?
Getting people back into work
It’s not all been good news for the labor market across America. The U.S. Chamber of Commerce recently reported that there are 5.6 million jobs that employers are unable to fill because of a countrywide skills gap, blaming a significant disparity between workers’ skills and employers’ needs. So, what can business owners do? Well the obvious solution is of course creating new jobs. But unfortunately, it’s not always quite as simple as that. However, there are certain areas that businesses can lead on.
Understand what California needs
A better understanding of the current skills mismatch between labor force and employers is crucial and requires a thorough assessment of the labor market and employer needs today and in the future. This will help to ensure that the right skills and training is taught to meet these needs and help people be qualified for the available jobs.
Collaborate with schools, colleges and universities
By working in partnership with training and academic institutions, businesses can effectively increase the quality of the potential talent pool. Business leaders can communicate which skills are in demand and are essential for success in their industry and for today’s workforce. Employers could have input into curriculum and teaching methods, incorporating practical, hands-on learning. They can also play an important role in its delivery and creating more on-the-job based learning and networking experiences, helping people to get into fulfilling and long-term employment.
Increase exposure to different career options
Increasing exposure to different industries and careers will inevitably increase the chances for people of all ages, but young people in particular, to find careers that suit their skills and interests. When businesses work with training providers and schools, they can help young people explore several careers options through job shadowing, internships, or classroom-based projects.
Everyone needs to be committed
For any business to be able to successfully help the community find employment, it’s crucial that everyone is engaged with and committed to the initiative. This includes leaders, managers, partners as well as employees. If businesses want to work with local schools or utilize their employees to act as mentors or lecturers to local organizations, schools and universities, then it requires support from the CEO, managers and through to HR, in order for the scheme to work.