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Workforce Innovation and Opportunity Act - Essay Example

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Summary
The "Workforce Innovation and Opportunity Act" paper focuses on this policy which makes the topic very important in understanding how the labor market is fast changing. WIOA is a policy signed into law on July 22, 2014, and it was to take effect at the beginning of 2015. …
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Workforce Innovation and Opportunity Act
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Extract of sample "Workforce Innovation and Opportunity Act"

The mission has been achieved by different policies enacted in the labor market, including Workforce Innovation and Opportunity Act (WIOA).

The policy was aimed at equipping job seekers with access to employment, education, training, and support services that can enable them to succeed in the labor market (Nebraska Department of Labor, 2015). Similarly, the policy allows job seekers to gain the skills that employers require, making them compete globally (Nebraska Department of Labor, 2015). The enactment of this law has seen women increase their participation in the labor market because it has increased opportunities. Women have benefited much more than the male gender because the policy equips them with the necessary skills for their participation. For the past years, the number of women in the labor market has remained small because of the perception of a lack of the necessary skills to perform the assigned duties (OCTAE, 2015).

However, the enactment of this law has made it necessary for women and other job seekers to have equal chances of getting employed. It also equalizes their chances of getting relevant education, training, and skills for the jobs and completing assigned duties. Importantly, the policy offers a win-win situation for employers and job seekers (OCTAE, 2015). For instance, it equips job seekers with the knowledge they need to have concerning a given sector and the assignment they are likely to encounter.

Through this, they get empowered and ready to deliver on their assigned duties. On the other hand, employers gain from competitive job seekers that know what they can do (Doleta.org, 2015). Because of this, employers have a range of choices and expertise to select from. Therefore, the policy is imperative to making job seekers competitive and impress their employers at any given time. Moreover, the nation will also benefit from this policy because it will be ahead of the rest.

Different studies indicate that countries with skilled laborers attract investors (Doleta.org, 2015). In case the policy is implemented to the letter, the nation will benefit because it will be able to import its workforce to other countries in case it meets the domestic demand. Similarly, it will increase opportunities for job seekers not willing to work in the local market. The result will be that unemployment will reduce since some job seekers may resort to self-employment as the equipped ones seek white-collar jobs.

The policy is important in putting the nation on the competitive edge and giving more women who are marginalized a chance to participate in the labor market.   

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