Apollo Education Group CEO Greg Cappelli Makes Case for Business
PHOENIX--(BUSINESS WIRE)--Jun. 17, 2014--
Apollo Education Group, Inc., (NASDAQ:APOL) today released the latest
installment of a written series on the American skills and workforce
shortage by CEO Greg Cappelli. The release of the report – “Creating
the Future American Workforce; Investments and Innovation in Human
Capital” – coincides with Cappelli participating on an Aspen
Institute panel addressing what the U.S. can adopt from other countries’
successful workforce training models in narrowing the skills gap.
“By taking action and starting now, U.S. business leaders can begin to
significantly close the nation’s skills gap within a year,” said
Cappelli. “Employers have too often treated workforce development as a
matter of compliance or a ‘nice to have’ investment rather than a core
strategy. If company leaders collectively take important first steps to
invest in upskilling the American workforce, the potential for
short-term progress is staggering.”
The report’s call to action advances the current debate around America’s
skills gap by focusing specifically on the role of corporate leadership
in addressing the crisis of the country's workforce falling behind in
education attainment. While many experts have focused on the importance
of educational institutions and policymakers in tackling the issue, CEOs
must take a greater leadership role.
According to the Georgetown Center on Education and the Workforce, 80
percent of middle skills jobs require one year of training or less and
nearly 44 percent of middle skills jobs require less than three months
of training. The report argues that businesses and institutions of
higher education must work together to reclaim 100 million missing years
of education among American workers.
The actionable plan outlined in the report
calls on senior executives at American companies to reexamine the
notion of workforce development, reinventing how they invest hundreds
of billions of dollars in their workers’ education;
outlines immediate solutions to the skills shortfall through a new
integration of education and real work requirements;
drives for the creation of a new generation of C-Suite leadership
around skills development;
models potential returns of capital investments by corporations in
skills development; and
presents a series of technology and talent best practices that can
guide corporate action in this area.
“We often talk about the nation’s skills shortage as though it were a
public policy problem,” said Cappelli. “It is, of course, but first and
foremost it’s a challenge for CEOs to realize that allowing a persistent
skills shortage to continue is no less serious than any other aspect of
The full report and accompanying video can be found at www.apollo.edu/workforce.
About Apollo Education Group, Inc.
Apollo Education Group, Inc. is one of the world’s largest private
education providers and has been in the education business since 1973.
Through its subsidiaries: University of Phoenix, Apollo Global,
Institute for Professional Development, Western International University
and College for Financial Planning, Apollo Education Group offers
innovative and distinctive educational programs and services, online and
on-campus, at the undergraduate, masters and doctoral levels. Its
educational programs and services are offered throughout the United
States and in Asia, Africa, Australia, Latin America and Europe, as well
as online throughout the world. For more information about Apollo
Education Group, Inc. and its subsidiaries, call (800) 990-APOL or visit www.apollo.edu.
Source: Apollo Education Group, Inc.
Apollo Education Group, Inc.
Investor Relations Contacts:
Ryan Rauzon, 916-599-2911