WIOA, Employee Ownership, and Good Jobs: How Workforce Legislation Can Support Employee-Owned Companies and Boost Job Quality

The Workforce Innovation and Opportunity Act (WIOA) was designed to help workers move “into high-quality jobs and careers and help employers hire and retain skilled workers.” A decade after its passage, however, it is clear that WIOA has often missed the mark in supporting workers’ success in access...

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Bibliographic Details
Published in:Policy File 2024
Main Authors: Helmer, Matt, Conway, Maureen
Format: Report
Language:English
Subjects:
Employees
Labor market
Workforce
Online Access:Request full text
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Summary:The Workforce Innovation and Opportunity Act (WIOA) was designed to help workers move “into high-quality jobs and careers and help employers hire and retain skilled workers.” A decade after its passage, however, it is clear that WIOA has often missed the mark in supporting workers’ success in accessing quality jobs or in effectively serving the high-road employers who provide good jobs. Meanwhile, numerous studies have shown that employee-owned companies provide higher-quality jobs, including higher wages, better benefits, increased retention, and greater opportunities for training and development. If legislators are serious about using WIOA to support quality jobs and good employers, then stronger efforts to support employee-owned companies would be a great place to start. This brief outlines the opportunity and the steps to achieve this goal.