December 4, 2020
At a Glance
Business Roundtable’s new initiative mobilizes companies in every sector of the economy to address inequities in employment, both in recruitment and advancement opportunities.
Employers, and the American economy at large, continue to grapple with challenges caused by the COVID-19 pandemic. This time of economic reckoning has upended talent management as we know it, and in doing so has created a monumental opportunity for positive change.
We know that real change is made possible when powerful players like big business come together to tackle the challenges facing workers. And, we’re inspired when we see the Business Roundtable back up their stakeholder capitalism with new meaningful action.
In a press release published today, the Business Roundtable announced an emerging multiyear effort to reform companies’ hiring and talent management practices to emphasize the value of skills, rather than just degrees, and to improve equity, diversity, and workplace culture.
Many of JFF’s corporate partners, including Recover Stronger coalition partners Walmart and Workday, are among the more than 80 companies that are working as members of Business Roundtable to prioritize skills-based talent practices and worker mobility as a strategy for eliminating workforce inequities, such as unintentional bias that may create barriers to hiring and advancement.
We need to ensure that we offer new and diverse on-ramps to careers—diversifying our training, hiring and development allows us all to be more inclusive of all backgrounds and is an important step in addressing racial inequities and creating opportunities for everyone.Mary Barra, Chairman and CEO of General Motors, Chair of the Business Roundtable Education and Workforce Committee and Chair of the organization’s Racial Equity and Justice Subcommittee