Engaging employers to increase job opportunities for disadvantaged workers in the U.S.
While overall unemployment levels have decreased over the past several years, economic opportunity has remained stubbornly out of reach for some. The unemployment rate for younger workers remains more than double the national average. For these young people, failure to gain an early foothold in the labor market can translate to a lifetime of lower earnings, family and community instability, and a host of other challenges.
For the last four years, The Rockefeller Foundation and its grantees have collaborated with some of the nation’s largest employers in leading community-based organizations to develop “impact hiring.”
Impact hiring provides employers with new approaches to talent practices—specifically related to recruitment, assessment, and support—that address their entry-level talent challenges while simultaneously improving employment outcomes for those facing barriers to opportunity, including opportunity youth, veterans, and refugees.
Under the U.S Youth Employment initiative, The Rockefeller Foundation applied impact hiring to help young people access stable employment and careers, and employers address critical talent challenges. This increases workers’ chances of leading healthy and productive lives, while building a stronger and more inclusive workforce, which is a critical part of ensuring the long-term success of the U.S. economy and our communities nationwide.