Many CEOs entered 2023 bracing for a probable recession due to last year’s forecasts that indicated the GDP would contract over two consecutive quarters. Yet, the economy hasn’t shown many signs of slowing down. On a bright note, the looming fears of a possible recession in the U.S. in 2023 have been put to rest, and economists now believe that if the economy shows signs of a slowdown in July 2024, it will not be drastic. Apart from the job losses in the Tech and Financial sectors, the overall labor market and GDP have remained positive despite the inflation, hike in interest rates, and debt ceiling. Additionally, I don’t believe one metric is indicative of a downturn or that we’d know if we’re amid a slowdown until much later when there was consistent data available in multiple realms to indicate so.
Nonetheless, today’s dynamic workforce and economic landscape are indicative of one thing alone – change. Change requires adaptation, survival of the fittest if you will. My experience for the past couple of years has been that all forward-thinking organizations are turning more and more toward education benefits as a strategic tool to retain, re-train, develop, and engage their workforce. This article highlights how education benefits help you create a well-equipped workforce to weather economic storms.
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At Edcor, we continuously work with our partners to develop resources and technology to solve complex business problems to help Clients face the challenges of a dynamic and emergent workplace. As a new innovative solution, Edcor is thrilled to introduce Graduate Certificates with Pearson Accelerated Pathways to fill the knowledge gaps for in-demand skills. I am very excited to partner with Pearson to provide these career-focused Graduate Certs for our Clients across all industries.
I have no doubt that our Clients will find that these Graduate Certs will fit into the busy lives of their employees looking to propel their careers. This along with Pearson’s proprietary Global Digital Classroom platform for Bachelor-level programs make the offering truly holistic, and I am excited for our Clients to take advantage of it.
Let’s future together!
Adrienne L. Way, Edcor Owner, President, and CEO
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