Latest news with #SkilledTradesInitiative
Yahoo
17-06-2025
- Business
- Yahoo
Business Roundtable Launches New Workforce Initiative to Strengthen Talent Pipelines for Skilled Trades
Large Employers to Focus on Closing Talent Gaps and Expanding Access to Career Opportunities Across Sectors that Power America's Industrial Base WASHINGTON, June 17, 2025--(BUSINESS WIRE)--Business Roundtable today launched a new initiative to address worker shortages in skilled trades by strengthening talent pipelines. The new workforce initiative, which was announced during the Roundtable's CEO Workforce Forum, will be co-championed by the CEOs of Lowe's and Carrier Global Corporation. Skilled trades workers power American industry, yet there is an estimated imbalance of 20 job openings for every one net new employee. The Business Roundtable Skilled Trades Initiative will collaborate with companies, outside experts and non-profit groups on developing resources, training and other tools to help close the talent gap in these trades. "Business Roundtable launched the Skilled Trades Initiative to raise public awareness, highlight the importance of these roles to the economy and support employers' commitment to grow the pipeline of workers," said Marvin Ellison, Chairman and Chief Executive Officer of Lowe's. "While technology continues to evolve, it cannot replace plumbers, electricians, construction workers, maintenance and repair pros, or other tradespeople. Investing in skilled trades is vital to address America's workforce shortage." "Business Roundtable CEOs do not just want to compete for the same limited talent pool. We want to work together across industries to make real progress in closing talent gaps and expanding opportunity for more workers — whether they are service technicians, welders, electricians or line-workers — across these in-demand fields," said David Gitlin, Chairman & Chief Executive Officer of Carrier Global Corporation. "I want to reiterate the importance of this initiative for businesses in every sector and of all sizes that will benefit from a strong pipeline of skilled trades professionals." The new initiative will focus on trades most closely associated with the growth of America's production economy that emphasize the use of tools and materials to build, move or repair products and structures. This includes but is not limited to the following roles: Industrial and Manufacturing Trades: Welder, machinist, millwright, metal fabricator, tool and die maker, mechatronics technician, boilermaker. Construction and Building Trades: Carpenter, electrician, plumber, steamfitter, pipefitter, mason, painter, residential construction laborer/remodeler. Maintenance and Repair Trades: Heavy equipment technician, HVAC technician, engine repair, facilities maintenance. Energy Trades: Lineworker, solar photovoltaic installer, transmission and distribution technician, power plant technician. Through the initiative, Business Roundtable member companies will have access to: Forums to highlight innovative best practices and other shared learning opportunities, including peers and external partners such as community colleges. Tools to support specific company needs, including outlining ways to engage effectively with K-12 schools on skilled trades. Workgroups to develop a shared skills taxonomy that will outline career pathways across skilled trades roles, supporting company talent pipeline development and worker mobility. Connections with professional associations for skilled trades workers with strong training programs and a track record of partnership with companies. The Skilled Trades Initiative is the latest of Business Roundtable's Corporate Initiatives — work that involves over 150 companies representing millions of employees nationwide. These companies are working together at scale to ensure that employees have the skills they need to succeed in a rapidly changing economy, expand economic opportunity to more Americans and maintain America's competitive edge. Learn more at View source version on Contacts Media Contact: Jennifer Cummings, jcummings@ 202-496-3249
Business Wire
17-06-2025
- Business
- Business Wire
Business Roundtable Launches New Workforce Initiative to Strengthen Talent Pipelines for Skilled Trades
WASHINGTON--(BUSINESS WIRE)--Business Roundtable today launched a new initiative to address worker shortages in skilled trades by strengthening talent pipelines. The new workforce initiative, which was announced during the Roundtable's CEO Workforce Forum, will be co-championed by the CEOs of Lowe's and Carrier Global Corporation. Skilled trades workers power American industry, yet there is an estimated imbalance of 20 job openings for every one net new employee. The Business Roundtable Skilled Trades Initiative will collaborate with companies, outside experts and non-profit groups on developing resources, training and other tools to help close the talent gap in these trades. 'Business Roundtable launched the Skilled Trades Initiative to raise public awareness, highlight the importance of these roles to the economy and support employers' commitment to grow the pipeline of workers,' said Marvin Ellison, Chairman and Chief Executive Officer of Lowe's. 'While technology continues to evolve, it cannot replace plumbers, electricians, construction workers, maintenance and repair pros, or other tradespeople. Investing in skilled trades is vital to address America's workforce shortage.' 'Business Roundtable CEOs do not just want to compete for the same limited talent pool. We want to work together across industries to make real progress in closing talent gaps and expanding opportunity for more workers — whether they are service technicians, welders, electricians or line-workers — across these in-demand fields,' said David Gitlin, Chairman & Chief Executive Officer of Carrier Global Corporation. 'I want to reiterate the importance of this initiative for businesses in every sector and of all sizes that will benefit from a strong pipeline of skilled trades professionals.' The new initiative will focus on trades most closely associated with the growth of America's production economy that emphasize the use of tools and materials to build, move or repair products and structures. This includes but is not limited to the following roles: Industrial and Manufacturing Trades: Welder, machinist, millwright, metal fabricator, tool and die maker, mechatronics technician, boilermaker. Construction and Building Trades: Carpenter, electrician, plumber, steamfitter, pipefitter, mason, painter, residential construction laborer/remodeler. Maintenance and Repair Trades: Heavy equipment technician, HVAC technician, engine repair, facilities maintenance. Energy Trades: Lineworker, solar photovoltaic installer, transmission and distribution technician, power plant technician. Through the initiative, Business Roundtable member companies will have access to: Forums to highlight innovative best practices and other shared learning opportunities, including peers and external partners such as community colleges. Tools to support specific company needs, including outlining ways to engage effectively with K-12 schools on skilled trades. Workgroups to develop a shared skills taxonomy that will outline career pathways across skilled trades roles, supporting company talent pipeline development and worker mobility. Connections with professional associations for skilled trades workers with strong training programs and a track record of partnership with companies. The Skilled Trades Initiative is the latest of Business Roundtable's Corporate Initiatives — work that involves over 150 companies representing millions of employees nationwide. These companies are working together at scale to ensure that employees have the skills they need to succeed in a rapidly changing economy, expand economic opportunity to more Americans and maintain America's competitive edge. Learn more at .
Business Wire
11-06-2025
- Business
- Business Wire
HomeServe Launches Strategic Partnerships to Support the Future of Skilled Trades
NORWALK, Conn.--(BUSINESS WIRE)--HomeServe is proud to announce strategic partnerships with three leading professional organizations with a focus on bolstering the skilled trades: Women in HVACR, Plumbing Heating-Cooling Contractors Association (PHCC) and Air Conditioning Contractors of America (ACCA). The partnerships are a central component of HomeServe's broader Skilled Trades Initiative and reflect the company's strong commitment to fostering workforce development, diversity and innovation within the HVAC, plumbing and electrical trades. "The shortage of skilled tradespeople is impacting homeowners across the country, and HomeServe is committed to being part of the solution," said HomeServe CEO Tom Rusin. The skilled trades face a significant labor shortage, with the Department of Labor reporting nearly 250,000 positions going unfilled as of the end of April 2025, a trend that is expected to continue for the foreseeable future. Factors such as an aging workforce, reduced vocational programs, and waning interest from younger generations have exacerbated this issue, resulting in project delays and rising costs. Recognizing the urgency of this challenge, HomeServe is committed to investing in training, education and workforce development through its Skilled Trades Initiative to ensure the future vitality of these essential professions. "The shortage of skilled tradespeople is impacting homeowners across the country, and HomeServe is committed to being part of the solution," said HomeServe CEO Tom Rusin. 'By partnering with organizations like Women in HVACR, PHCC and ACCA, we're not only investing in the future of these industries and supporting the development of a skilled workforce but also ensuring that individuals from all backgrounds have access to rewarding careers in the skilled trades.' Through its partnerships with these three industry-leading organizations, HomeServe is providing crucial support for scholarships, mentorship programs and professional development initiatives to strengthen the skilled trades pipeline. Key highlights of these partnerships include: Women in HVACR: As an 'Inspiration' sponsor, HomeServe will fund scholarships for women pursuing careers in the skilled trades and facilitate leadership development through mentorship programs. Plumbing Heating-Cooling Contractors Association (PHCC): With its sponsorship, HomeServe will fund five scholarships for contractors pursuing training and career growth, while also supporting PHCC's advocacy and workforce development efforts. Air Conditioning Contractors of America (ACCA): HomeServe's sponsorship with ACCA underscores its commitment to advancing HVAC industry standards and contractor education and will provide valuable resources and training to its members, including technical resources and advocacy programs. These partnerships are one facet of HomeServe's larger Skilled Trades Initiative, which includes a Grant Program to support vocational training programs and apprenticeships for contractor companies in the HomeServe service network. Earlier this year, HomeServe announced the first round of 20 grant winners. The funds are being used by each winning company to invest in apprentice training and employee upskilling programs during the year. Together, these efforts aim to inspire the next generation of skilled trades professionals while addressing the immediate challenges posed by the labor shortage. About HomeServe USA HomeServe USA Corp. (HomeServe), a leading residential infrastructure home repair solutions company with more than 4.5 million customers across North America, offers protection plans that help protect homeowners against the expense and inconvenience of plumbing, electrical, HVAC and other home repair emergencies. HomeServe empowers over 1,350 leading municipal and utility partners to educate and advocate for their customers who are faced with home repair emergencies. HomeServe has an exceptional customer satisfaction rating, is accredited by the Better Business Bureau and is endorsed by the National League of Cities. For more information about HomeServe and to get the latest home repair advice and customer stories, please go to Connect with HomeServe on Facebook and Twitter @HomeServeUSA, Instagram @HomeServe_USA and on LinkedIn @HomeServe-USA. For company news, follow on X @HomeServeUSNews.
