The Vermont Talent Pipeline addresses the talent supply gap by connecting employer needs with training programs and funding resources to better prepare the labor force with job-ready skills. The TPM model was founded by the U.S. Chamber of Commerce Foundation (USCCF) and is currently involved in a national rollout. Vermont has helped set the standard for the country as the first statewide implementation with employer collaboratives in three industries, including Advanced Manufacturing.
Mary Anne Sheahan @Vermont Talent Pipeline Management shared a video: What is Talent Pipeline Management?
3 years ago
HOW VTPM WORKS
- VTPM invites employers within the same industry to form a “Collaborative” to identify their most critical jobs, and develop hiring forecasts and competency and credential requirements.
- VTPM translates a Collaborative’s hiring needs into credentialed programs, delivered by training providers. Collaborative employers develop hiring incentives for attainment of credentials—like internships, guaranteed interviews, higher wages, and scholarships for career advancement.
- VTPM partners with funders like Vermont Student Assistance Corporation, Vermont Department of Labor, Vermont Training Program, and community foundations to provide financial support for individuals, businesses and training programs that participate.
- Employers hire work-ready employees for the critical positions they need, direct from the training sources—saving time and money on posting, screening, interviewing, on-boarding and training, while improving retention.