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Workforce2.0 Sharpening the Competitive Edge in
Human Capital
The Honorable Richard DaleyMayor of Chicago
January 24, 2007
Pamela TatePresident & CEO, CAEL
The Challenge for U.S. Cities
How to keep their economies competitive through attracting and retaining companies
How to ensure that their workforce is skilled and prepared for both “old economy” and “new economy” jobs
How to motivate business and industry to invest in building the skills of the current workforce
Human Capital: Vital to Our Success
In 1982, tangible assets (balance sheet assets) represented 62% of a US corporation’s value, on average.
By 1992 this figure had dropped to 38%.
More recent studies estimate that the tangible assets of corporations account for as little as 15% of average market value.
People are what count Human capital accounts for 85% of a corporation’s value.
Source: “The Value of People”, HR Magazine, L. Weatherly
CAEL’s Unique Role
Pioneer learning strategies for adult workers, companies and higher education institutions
Work to expand lifelong learning opportunities through public policy
Expand our signature initiative, WorkforceChicago2.0
CAEL
Government and
Community
Employers
Colleges and Universities
How does CAEL help cities tackle the challenges of this knowledge economy?
WorkforceChicago2.0
What is WorkforceChicago2.0:• A collaborative initiative launched by CAEL in 2002, in
partnership with HRMAC and World Business Chicago, and with the support of Mayor Richard Daley
Our mission: • Turn the region into one of the nation’s prime talent pools• Increase employer investment in building the skills of their
current employees
What we do:• Benchmark winning employee learning strategies• Recognize leading Chicagoland employers• Share these strategies with other employers
The Business Leadership Group
There are 25 members on the Business Leadership Group, with a sample below:
Expanding the 2.0 Initiative
Expansion:• 2004--workforcePhiladelphia2.0
• 2006--workforceStLouis2.0
• Other regions with a strong core group of businesses—2008 and beyond
…Creating an intra-regional dialogue on employee learning and development issues that impact both the
regional and national economies
Retain regional workforce competitiveness
Position your urban region as a leading talent pool
Become an early adopter of this successful and sustainable model for change
Why Launch a Workforce2.0 Model?
