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.
"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."
In The News
Financial Times, March 31, 2014
Reuters, January 31, 2014
60 Minutes, January 26, 2014
New York Times, December 11, 2013