Chicago Jobs Council Working Group Bridging the Opportunity Divide Together. Lisa Hampton Associate Director Mid West LeadersUp

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1 Chicago Jobs Council Working Group Bridging the Opportunity Divide Together Lisa Hampton Associate Director Mid West LeadersUp

2 The Challenge & The Opportunity

3 OPPORTUNITY YOUTH HUGE COST TO TAXPAYERS $1.6T THE AGE WAVE 50% of the workforce is going to be made up of Millennials by 2020, while 17M Baby Boomers will retire by OUT 7 DISCONNECTED 5.5M Opportunity Youth are young adults ages 18 to 24 that are out of work and not in school the amount opportunity youth will cost taxpayers, over their life time Source: Opportunity Nation Opportunity Index Report

4 THE TALENT DIVIDE A WAR FOR TALENT 53% of U.S. cite employers recruiting and retaining great talent as a major challenge Source: The 2014 Manpower Group Talent Shortage Survey IMPACTING BUSINESS COMPETIVENESS 54% of U.S. employers say the talent shortage has a high to medium impact on their ability to meet their clients needs COST OF MILLENNIAL TURNOVER $15K-20K represents the cost to replace every Millennial that leaves a company.

5 Changing Face of America Percent of total U.S. population by race and ethnicity, WHITE 43% BLACK 85% 64% 13% HISPANIC 30% 12% ASIAN 16% ALL OTHER 10% 4% 1% 2% 6% 8% 6% Source: Neislen March 2015 Report. The Multicultural Edge: Rising Super Consumers

6 AN INCLUSIVE ECONOMY = A COMPETITIVE ECONOMY +415% U.S. MULTICULTURAL BUYING POWER Source: Neislen March 2015 Report. The Multicultural Edge: Rising Super Consumers

7 LEADERSUP & Inclusive Economics Diversity Drives Innovation Diversity Expands Competitive Advantage An Inclusive Economy = A Competitive Economy

8 Our Model, Initiatives & Services 7

9 LEADERSUP Approach We serve as a workforce intermediary, with initiatives in Chicago and Los Angeles focused on strengthening the potential of public-private partnerships to meet talent demand, effectuate workforce system goals, and ultimately solve youth unemployment. Our key stakeholders include: EMPLOYERS WORKFORCE DEVELOPMENT PARTNERS OPPORTUNITY YOUTH

10 The LeadersUp Experience: End to End Talent Development and Retention Services Map opportunity youth career pathway and align skills requirement for success. Develop a pilot implementation plan and sourcing strategy. Institute opportunity youth-specific retention practices. Evaluate the employer s return on investment. Join national conversation to help build awareness and scale impact.

11 The Future at Work: Empowerment & Power Skills Training 1 RECRUIT: Recruit Young Adults from Network of Workforce Skilling Organizations 2 SCREEN: Young Adults Arrive Prepared with Resume, Professional Attire for Screening Process 3 4 PREPARE: Qualified applicants participated in 7 day Empowerment & Power Skills CONNECT: Young Adults receive certificate of completion and guaranteed interview with employer partner

12 Tracking & Monitoring Success LeadersUp has partnered with Accenture in leveraging 2,000 pro-bono hours of their subject matter experts to create tools that define our implementation science and achieve the following: CONSTRUCT A CUSTOMIZED TALENT PIPELINE FOR BUSINESSES AND TRACK THE BOTTOM-LINE AND SOCIAL ECONOMIC BENEFITS FOR OUR SERVICES REDUCE INTERVIEW TO HIRE RATIO, INCREASE RETENTION AND RATE OF PROGRESSION FROM ENTRY TO MIDDLE SKILLED ROLES YIELD EVIDENCE BASED LEARNINGS THAT CAN BE REPLICATED TO CREATE A SCALABLE IMPACT

13 Cohort Program Curriculum 7

14 CORE COMPETENCY VALUES 1 Leadership 5 Accountability 2 Self Determination 6 Mutual Respect 3 Trust 7 Reliability 4 Interdependence & Collectivity 8 Commitment

15 TRAINING GOALS Cultivate Leadership: Empowerment Curriculum helps trainees understand their own leadership style Build Long Lasting Trust: Trainees participate in share-out rituals with peers and facilitator. Deep Reflection/ Create a Vision: Written and oral reflection on goals, barriers and commitment to program

16 TRAINING GOALS Continued 4 Share Resources: Provide trainees with resources and tools available to keep opportunity youth on track and focused. 5 Assess Oneself: Trainees will engage in self reflection activities that expose their fears, dimensionality and embrace their true identities.

17 ADDITIONAL COHORT ACTIVITIES Registration Orientation Mock Interviews LinkedIn Profile Resume Building

18 Our Impact 18 27

19 Immediate Impact ACTIVATED 3 MARKETS: LOS ANGELES, CHICAGO AND COLUMBUS CONNECTED 1,000 YOUNG ADULTS TO EMPLOYMENT PATHWAYS ENGAGED OVER 30 COMPANIES ACROSS 3 MARKETS LOWERED INTERVIEW TO HIRE RATIO 3:1 COMPARED TO 18:1 INDUSTRY STANDARD ACHIEVED 60% RETENTION RATE

20 Our Impact: Savings to Taxpayer Burdens & Annual Revenue for Federal and State Governments

21 Join the Movement

22 JOIN THE MOVEMENT

23 Join the Movement. Join our network of community partners serving opportunity youth Share our employer screening and training events with young adults Be added to our referral list for wrap around services for young adults Share your events and services to be promoted on our platforms

24 THANK YOU Lisa Hampton, Associate Director- Mid West