What will our economy look like in 20 years? How do we develop the workforce of tomorrow?
These questions may seem difficult to answer, but the U.S. Chamber of Commerce Foundation recently hosted an event focused on doing just that. At “Workforce of Today, Workforce of Tomorrow: The Business Case for High Quality Childcare”, I was privileged to hear from a packed lineup of early education experts and corporate HR leaders who convened to focus on a critical building block for our future: high-quality early education and care.
It was an eye-opening conference. As someone whose day-to-day responsibilities revolve around helping our Franchise Owners deliver consistent school excellence, I was reminded of why early education and care is important. But on a larger scale, the day underscored the return on investment that comes from high-quality early education and care – in fact, there’s a two-fold ROI. There are short-term benefits that attract a variety of investors, but high-quality early education and care also yields long-term benefits that have the power to shape our future economy and world.
Future Economic Impact
If we want the U.S. economy to continue to grow and positively impact global markets, then we must invest now in our workforce of the future. But with technology evolving almost daily, it’s clear that at least 65 percent of today’s children are facing future careers in jobs that do not yet exist. It may seem impossible to prepare children for a future that we can’t clearly define or fully imagine, but 90 percent of employers today agree that skills like self-control, self-awareness and teamwork will become increasingly important as society evolves.
Each of these skills have their foundational roots in early childhood education, drawing a clear connection between educational experiences today and the economy of tomorrow. In a businessperson’s terms, early education investors will see dividends paid out in the workforce of the future.
Future Developmental Impact
Knowing that early education can have a profound impact on the future workforce, investors may wonder exactly what skills early education experiences should aim to develop. According to a recent national survey, two-thirds of HR managers responsible for hiring believe candidates who possess critical thinking, problem solving, teamwork, self-control, adaptability and working memory skills – collectively referred to as executive function skills – are a top priority for their company’s long-term success. Those surveyed also reported that executive function skills are more highly valued than technical skills, academics or great references when hiring a job candidate.
High-quality early education programs should focus on enabling children to grow social-emotionally as well as academically. Programs like the Primrose Balanced Learning® approach, which nurtures executive function skills, give children the foundation they need to succeed in the future. And, when these children succeed, so will our economy, our government and more.
With this in mind, entrepreneurs looking for an investment with a strong ROI should look no further than early education. No business opportunity can provide a more worthwhile, long-term return than an investment made in today’s children – our workforce of tomorrow. If you’re interested in investing in early education, call 1-800-PRIMROSE or use the link at the top of this page to request more information about opening a Primrose school.