The New Skills ready network is part of JPMorgan Chase’s (JPMC) substantial portfolio in support of an inclusive economy and workforce. This five year commitment is part of the New Skills at Work initiative to prepare people for the future of work and their $30 billion commitment to advance racial equity. With dedication to building equitable career pathways, the New Skills ready network connects six sites — Boston, Massachusetts; Columbus, Ohio; Dallas, Texas; Denver, Colorado; Indianapolis, Indiana; and Nashville, Tennessee — with local partners with the intentionality necessary to build a strong workforce ecosystem for all learners.
As part of ongoing blog topics providing updates on this initiative, Deshaun Mars, Vice President, Global Philanthropy (Job Skills,) and Brice Thomas, Policy Associate engaged in a discussion to highlight JPMC’s view of the initiative and how this work advances JPMC’s philanthropic portfolio and ultimately building high-quality local and state career pathway systems.
How does the work being done in the initiative support the rest of JPMC’s Global Ready Initiative (GCRI) job, skills, and philanthropy portfolio?
As a firm, we are focused on creating a more equitable labor market, and we support policy solutions, organizations and initiatives that help upskill and train the workforce of today for future jobs.
More specifically, our Global Career Readiness Initiative prepares young people, particularly those from historically underserved backgrounds, to build skills and enter the labor force through quality jobs.
This investment highlights the importance of intentional engagement between the education (K-12/higher ed) and business/employer communities to support students and arm them with the resources, skills and access to meaningful career pathways to help power the economy and workforce of the future.
How do you see JPMC leveraging the work being developed through the initiative?
Businesses are grappling with a challenging labor market – there are more job openings than qualified people to fill the roles. This investment helps fill that gap by increasing access to skills, training and resources for young people so they are better prepared to enter the labor force with the skills employers need most.
We are learning how deep cross-sector relationships and partnerships can support young people, communities, and business outcomes. Within our own workforce, we are applying these same principles to transform how we prepare people to compete for well-paying jobs and successful careers.
With multiple sites across the world, we’re able to share best practices and lessons learned to bolster engagement and strengthen the investment.
How does JPMC plan to continue supporting the sites?
Intentional collaboration and partnerships are key to the ongoing support of these sites. We are connecting our local market leaders and the firm’s work across other bodies of work to these partners to help them scale, build capacity and think long-term.
Since we are past the midpoint of this initiative, what do you hope to see from the participating sites?
Continue investing in building out the long-term infrastructure of career pathways so this work is not dependent on one funder.
As sites progress on implementation and sustainability, what encouragement would you share in their continued progress?
We understand how difficult this work is. That is why we made a longer-term investment so our sites have the time to put the infrastructure in place to support and build the local economies of the future.
The New Skills ready network has also supported the creation of several publications and resources designed to engage and support the field. Advance CTE’s Learning that Works Resource Center houses hundreds of reports, briefs and toolkits designed to advance high-quality CTE for our members. The State Work-Based Learning Innovation Tracker, for instance, compiles the work-based learning toolkits from all 50 states to serve as up-to-date models of best practices. Our latest resource from this initiative, the Credit for Prior Learning Messaging Toolkit, provides effective messages targeted to key audiences and strategies for dissemination to increase participation in Credit for Prior Learning among adult learners.
JPMC, New Skills ready network, and Advance CTE remain committed to helping all learners have access to high-quality career pathways.
Brice Thomas, Policy Associate
Tags: career pathways, Colorado, Equity and Access, Indiana, JPMorgan Chase, Massachusetts, New Skills ready network, Ohio, skills training, tennessee, texas