Re-Wiring the Labor Market to Reboot the American Dream

Transcription

1 Re-Wiring the Labor Market to Reboot the American Dream Byron Auguste, Co-Founder and

2 LaShana Lewis Needs a Re-Wired Labor Market Born in east St. Louis, LaShana always had a passion for technology and coding. Life circumstances forced her to drop out of college where she was pursuing a computer science degree. Despite having coding skills, she worked as a bus driver for 10 years because of her lack of a BA.

3 It s Not Just LaShana Half Our Workforce Overlooked 30-40M College goers who did not graduate 6M Disconnected youth: not in school nor job 15-20M Caregivers limited in ability to work for pay 2M Long term unemployed workers 10-15M Experienced, skilled, older workers needing to re-tool 1.5M Veterans who are unemployed or reentering the workforce soon Plus Un-credentialed workers trained on-the-job (Forced) mid-career industry changers Skilled immigrants credentialed abroad Citizens returning home from incarceration

4 Re-Wiring the U.S. Labor Market Means Hiring Training Tired Pedigree: based on college degrees, work history, talent brands Stratified by social, professional and financial status Re-Wired Mastery: All have chance to demonstrate skill & readiness Assessable & accessible to anyone with aptitude and motivation to learn it Technology Used mostly to automate tasks Also to accelerate learning, uncover overlooked talents

5 s Mission TechHire: One million more Americans working and earning to their full potential Opportunity@Work s 10 Year Goal: Empower over 1 million more Americans to work and earn to their full potential. Hiring Training Technology Mastery: All have chance to demonstrate skill & readiness BY RE-WIRING THE US LABOR MARKET Assessable & accessible to anyone with aptitude and motivation to learn it Also to accelerate learning, uncover overlooked talents 5

6 TechHire Initiative - Re-Wiring IT Job Markets 35 TechHire U.S. cities, states, and regions (to date) Hiring 500+ Employers Training Accelerated Learning Technology Market Making

7 35 TechHire Cities, States, and Regions Akron, OH Albuquerque, NM Baltimore, MD Birmingham, AL Chattanooga, TN Cincinnati, OH Colorado Delaware Detroit, MI Kansas City, MO Rural Eastern KY Los Angeles, CA Louisville, KY Lynchburg, VA Maine Memphis, TN Minneapolis, MN Nashville, TN New Haven, CT New Orleans, LA Buffalo County & Kearney, NE New York City, NY Newark, NJ Oakland, CA Philadelphia, PA Pittsburgh, PA Portland, OR Rhode Island Rochester, NY Salt Lake City, UT San Antonio, TX San Francisco, CA San Jose, CA St. Louis, MO Washington, DC *New commitments to TechHire as of Nov

8 CEB Employer Playbook: The Business Case for TechHire FILL ROLES FAST Each day a job is open costs $407 RETAIN TALENT REDUCE COST IMPROVE DIVERSITY 45% reduction in defect rates Attract high talent with slightly lower offers High diversity 26% increase in collaboration Source: Best Practices and Tools to Recruit Technology Talent from Nontraditional Sources, CEB (2015)

9 What Can You Do Tomorrow? Hiring If you employ people. Sign up on TechHire.org to interview a nontraditional candidate Training Technology If you teach, train, test, or mentor people If you create new technologies, build or invest in new ventures Sign up on TechHire.org to ensure your partners are training for the skills you need Sign up on TechHire.org to show us how your innovation can scale

10 In Closing My Family s American Dream

11 Byron Auguste Managing Director and Karan Chopra Partner and Co-Founder Papia Debroy Director of Employer Strategy and