Study Workforce Transitions To Other Industries

The bill requires the office of future of work (office) to contract with a third party to study workforce transitions in Colorado's economy. The workforce transitions study (study) must:

• Evaluate the skill transferability of workers in the oil and gas industry and in occupations in Colorado that are facing the most disruption due to automation;
• Explore training availability, skills needed, and transition strategies; and
• Provide recommendations for programs and policies to prepare the workforce for these transitions.

On or before December 1, 2024, the office is required to submit a report of the study's research and findings to the governor and to the business, labor, and technology committee of the senate and the business affairs and labor committee of the house of representatives. The office is required to issue an update on the key findings of the study to the governor and legislative committees by August 1, 2024.For the 2023-24 state fiscal year, the bill requires the general assembly to appropriate $317,318 from the general fund to the department of labor and employment for use by the executive director's office.

(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)