(So. Burlington, VT) Today, Lisa Ventriss, President of Vermont Business Roundtable (Roundtable) announced the recipient of the Roundtable’s 2017 New Medallion Award, which recognizes exceptional school leadership and progress toward the state’s goals of equity, access, and quality of proficiency-based learning experiences for all Vermont students. Continue reading “Roundtable Announces 2017 New Medallion Award Recipient [1.3.18]”
Today, the Vermont Business Roundtable announced that it has hired Mary Anne Sheahan of Shelburne, as Executive Director of the Vermont Talent Pipeline Management Program (VTPM).
“The Roundtable and its VTPM partners around the state are very excited about this important next step toward the full realization of our program, which will improve alignment of employer needs with education and workforce programs, and grow Vermont’s economy,” said Roundtable President, Lisa Ventriss.
The Vermont Talent Pipeline Management Project is an employer-led and demand-driven model created by the U.S. Chamber of Commerce Foundation to address our statewide workforce shortages. VTPM leverages lessons learned from supply-chain management and expands the role of employers as end-customers of education and workforce systems. In 2017, VTPM has focused on building employer collaboratives in the construction and health care industries. In 2018, its focus will expand into manufacturing and technology industries. Continue reading “Roundtable Hires Executive Director To Support Vermont Talent Pipeline Management Project [12.21.17]”
Today, Lisa Ventriss, President of Vermont Business Roundtable (VBR) and Jeffrey Carr, President, Economic & Policy Resources (EPR), announced the Q4 2017 outlook results of their joint initiative, the VBR/EPR Business Conditions Survey and Index.
The latest survey, which was conducted during the first two weeks of October 2017, achieved a response rate of 68 percent overall and included a 50 percent or greater response rate from 10 of 15 represented sectors within the membership. Survey results show that:
- Roughly two-thirds of respondents (63%) shared negative outlooks specifically with ease of hiring for available positions, improved from the previous survey (71%);
- Approximately two-thirds of responses to the question about the state’s overall business climate outlook were neutral (63%), a decline from the previous survey (48%). The remaining responses were split between positive and negative, 19% and 18%, respectively.
- The information sector had the most optimistic outlook on the general business climate (100% optimistic), while the education sector had the least optimistic outlook (50% neutral, 50% pessimistic). This is the second quarter in a row that the information sector led in optimism about the general business climate.
A recent review of public retirement and healthcare plans by Pew Charitable Trusts shows that many U.S. jurisdictions are on an unsustainable path.
Vermont is in the middle of the pack relative to other states, but it can legitimately be argued that Vermont’s risks are greater than other states. And it’s imperative that Vermont, with a $3.6 billion unfunded liability, not join the growing list of states with severe benefit problems. Continue reading “Ventriss VPR Commentary on Pension Reform [10.25.17]”
Today, Lisa Ventriss, President of Vermont Business Roundtable (VBR) and Jeffrey Carr, President, Economic & Policy Resources (EPR), announced the Q3 2017 outlook results of their joint initiative, the VBR-EPR Business Conditions Survey and Index.
The latest survey, which was conducted during the first two weeks of July 2017, achieved a response rate of 71 percent overall and included a 50 percent or greater response rate from 12 of 15 represented sectors within the membership. Survey results show that: Continue reading “VBR / EPR 3Qtr2017 Business Conditions Survey Results Show Neutral Outlook [7.10.17]”
by Lisa Ventriss, President, Business Roundtable
The Roundtable and strategic partners in the Vermont Talent Pipeline Management project (VTPM) are heavily involved in the roll out of two employer collaboratives, one in construction and the other health care, aimed at increasing the availability of and access to skilled workers for the most critical roles in these vital industries. Taken together, over 50 geographically-diverse companies have agreed to engage in a demand planning process that creates short-term projections of job openings based on a set of assumptions chosen by the employers. Those data will be aggregated and talent flows analyzed to determine where their best hires are being produced, then competencies and credentials will be communicated to the education and training provider communities across Vermont with the express goal of closing our workforce gaps. Already, 40+ public/private/not for profit educators and workforce training providers have stepped forward to indicate their strong willingness to partner on VTPM.
The enthusiasm and commitment to this project from groups around the state has been extremely gratifying. VTPM is a pillar of the Agency of Commerce’s strategic work plan; the State Workforce Development Board (SWDB) has endorsed this initiative; and the J. Warren and Lois McClure Foundation, a supporting organization of the Vermont Community Foundation, has awarded funding during our pilot phase. The Roundtable has adopted college and career readiness and VTPM as our strategic foci for the next several years. Indeed, the flywheel has begun spinning in a more coordinated fashion. Continue reading “Ventriss Op-ED: Summer Study: Connecting Business, Educators, and Students to Prime Vermont’s Talent Pipeline”
SOUTH BURLINGTON, VT – The Vermont Business Roundtable, through its VBR Research & Education Foundation, was awarded a grant of $10,000 from the J. Warren and Lois McClure Foundation to advance the work of the Vermont Talent Pipeline Management Project (VTPM).
“The Roundtable is grateful for this support, which comes at a crucial point early in the life of the VTPM project and lends credibility to our efforts to improve the employability of Vermont students, to improve alignment of employer needs with education and workforce programs, and grow Vermont’s economy, “ said Roundtable President Lisa Ventriss. Continue reading “Roundtable Receives Grant from the J. Warren & Lois McClure Foundation to Support Vermont Talent Pipeline Management Project [6.13.17]”
Today, Lisa Ventriss, President of Vermont Business Roundtable (VBR) and Jeffrey Carr, President, Economic & Policy Resources (EPR), announced the Q2 2017 outlook results of their joint initiative, the VBR-EPR Business Conditions Survey and Index. Continue reading “VBR / EPR 2Qtr2017 Business Conditions Survey Results Show Neutral Outlook [5.15.17]”
WASHINGTON, D.C. — The U.S. Chamber of Commerce Foundation announced today the second cohort of participants in its Talent Pipeline Management Academy, a program supported by a $2.5 million grant from USA Funds. Talent Pipeline Management (TPM), the U.S. Chamber Foundation’s signature workforce development initiative, is a new way of addressing the nation’s skills gap by positioning employers in a more central role as key customers of postsecondary education and training providers.
The TPM Academy consists of workshops led by the U.S. Chamber Foundation for business professionals to receive instruction on talent pipeline strategies and guidance for implementation. The Academy will provide participants with a curriculum, technical assistance, and a peer-to-peer learning network. Plus, a next generation of software tools and applications will be developed over the course of the Academy in order to support ongoing implementation of signature TPM strategies. Continue reading “U.S. Chamber Foundation Convenes Talent Pipeline Management Academy: VT TPM Team Attends [2.10.17]”
Report: Investing in high-quality early childhood programs would yield strong returns & deliver significant benefits to Vermont’s economy
Every additional dollar invested would yield a $3.08 return
The VBR Research & Education Foundation (VBR Foundation) released a report today, titled Vermont’s Early Care and Learning Dividend, which details the Vermont-specific return on investment the state stands to gain by increasing public funding for high-quality early care and learning programs.
“Numerous national studies have shown that investments in early childhood yield strong returns. Our report looked at what those returns would look like in Vermont. What we found is that every additional dollar Vermont invests to expand high-quality early care and learning programs would yield a return of $3.08,” said Lisa Ventriss, president of the Vermont Business Roundtable. Continue reading “VBR Foundation Releases Report on Vermont’s Early Care and Learning Dividend [2.6.17]”