Global Cities Initiative. A Joint Project of Brokings and JPMorgan Chase

New Skills at Work

JPMorgan Chase is committing $250 million over five years to:

  • Build a Demand-Driven System through cross-sector gatherings to encourage collaboration, share findings and formulate strategies
  • Invest in the Best Training and make targeted investments to strengthen and scale the most effective workforce training programs
  • Rely on Data and Sponsor a data-driven analysis of skills demand to supply gaps in local markets

The numbers seem to contradict each other: unemployment is high across the globe, while recent data reveals that employers are having trouble finding workers who are trained for the jobs that are available, particularly in skilled labor and professional positions. And more than 50% of global CEOs are concerned that a key skills gap could limit their growth prospects.1 What can we do to ensure that people are trained and competitive for the skilled jobs of the 21st century?

Around the world, employers, educators, policymakers, training organizations, and others have recognized the critical importance of tackling the skills gap. Helping people develop the skills they need to compete for today's jobs can transform lives and strengthen economies. Through New Skills at Work, JPMorgan Chase will use its resources, expertise, and global reach to help inform and accelerate efforts to support demand-driven skills training.

Melody Barnes on Closing the Skills Gap

Closing the Skills Gap

A Conversation with Melody Barnes, Aspen Forum for Community Solutions.

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What's Working in America

Filling Jobs, Creating Prosperity

This animated video shows how New Skills at Work will help fill millions of jobs in key cities in the U.S. and around the world.

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"The most important thing we can do as a company is invest in the economic prosperity of our communities. If we can help close the skills gap, we can reduce unemployment and be a force for broadly shared economic opportunity."

Jamie Dimon, Chairman and CEO, JPMorgan Chase & Co.

 

OUR PARTNERS

JPMorgan Chase has identified an initial set of best-in-class partner organizations for New Skills at Work, and we will add new local and regional partners in 2014.

     

LEADERSHIP

The JPMorgan Chase Global Workforce Advisory Council will advise on the development, implementation and evaluation of New Skills at Work. Chaired by Jamie Dimon, JPMorgan Chase Chairman and CEO, and co-chaired by Melody Barnes, former Director of the White House Domestic Policy Council, the Council will bring together a group of private sector, non-profit, education and workforce development thought leaders to ensure the effectiveness of the effort.

"The private sector is critical to job training. We need business owners working with educators and non-profits to match growth sector needs with employee skills."

Melody Barnes, Former Director of the White House Domestic Policy Council and Co-Chair of the New Skills at Work Advisory Council

 

1 PwC and The Atlantic Council (2013). Dealing with Disruption, Adapting to Survive and Thrive: 16th Annual Global CEO Survey.

In The News

Sharp drop in training threatens UK economic recovery

Financial Times, March 31, 2014

Help wanted: Obama calls on CEOs to take on long-term jobless

Reuters, January 31, 2014

Jobs program benefits Fortune 500 and underprivileged youth

60 Minutes, January 26, 2014

JPMorgan Chase Plans to Unveil a Program for Job Skills

New York Times, December 11, 2013


Press Releases

J.P. Morgan and IPPR Announce New Skills at Work in Europe

JPMorgan Chase launches New Skills at Work

New Skills at Work Initiative Partners with the White House to Focus on Long Term Unemployed Workers


More Information

New Skills at Work in the U.S. opens a PDF

New Skills at Work in Europe opens a PDF

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