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1.Who We Are 3. The Year Up Solution 5. Value in Partnership › wp-content › uploads › 2016 ›...

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Page 1: 1.Who We Are 3. The Year Up Solution 5. Value in Partnership › wp-content › uploads › 2016 › 06 › ... · 3. The Year Up Solution 4. Our Impact 5. Value in Partnership Agenda
Page 2: 1.Who We Are 3. The Year Up Solution 5. Value in Partnership › wp-content › uploads › 2016 › 06 › ... · 3. The Year Up Solution 4. Our Impact 5. Value in Partnership Agenda

1. Who We Are

2.The Challenge

3. The Year Up Solution

4. Our Impact

5. Value in Partnership

Agenda

Page 3: 1.Who We Are 3. The Year Up Solution 5. Value in Partnership › wp-content › uploads › 2016 › 06 › ... · 3. The Year Up Solution 4. Our Impact 5. Value in Partnership Agenda

• A strategic source of entry-level, middle skill talent for some of America’s largest and best known companies

• A workforce development organization that rigorously prepares underserved young adults for successful corporate careers and higher education

• A non-profit organization dedicated to closing the Opportunity Divide

Who We Are

Page 4: 1.Who We Are 3. The Year Up Solution 5. Value in Partnership › wp-content › uploads › 2016 › 06 › ... · 3. The Year Up Solution 4. Our Impact 5. Value in Partnership Agenda

The Challenge

Page 5: 1.Who We Are 3. The Year Up Solution 5. Value in Partnership › wp-content › uploads › 2016 › 06 › ... · 3. The Year Up Solution 4. Our Impact 5. Value in Partnership Agenda

The Skills Gap & Opportunity Divide

Page 6: 1.Who We Are 3. The Year Up Solution 5. Value in Partnership › wp-content › uploads › 2016 › 06 › ... · 3. The Year Up Solution 4. Our Impact 5. Value in Partnership Agenda

The Year Up Solution

Page 7: 1.Who We Are 3. The Year Up Solution 5. Value in Partnership › wp-content › uploads › 2016 › 06 › ... · 3. The Year Up Solution 4. Our Impact 5. Value in Partnership Agenda

Year Up Program Model

Phase 1

Learning and Development

6 months

Phase 2

Corporate Internship

6 Months

Phase 3

Career and Higher Education

Ongoing

Support

Training

Guidance

Experience

• Educational stipends• Advisors• Business Clothing• Mentors

• Behavioral contract• Constant feedback

• Hands on training• Corporate internship

• Academic classes• Professional skills

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Internship & Hiring PartnersF

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Market Alignment

We have been successful because we serve our mission through

the market by partnering with leading employers to:

Understand your skill and recruitment needs

Develop relevant and valuable training

Provide a strong pipeline of skilled talent through internships and hires

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Our Learning and Development Curriculum

Data Analytics

Web Development

Quality Assurance

Introductory Java

Software Development

BusinessOperations

SalesFinancialOperations

InformationTechnology

Risk Management & Compliance

Frontline Sales

Customer Service

Project Management

Support

Business Fundamentals

Investment Operations

Network Support

Helpdesk/ Desktop Support

Cyber Security

Page 11: 1.Who We Are 3. The Year Up Solution 5. Value in Partnership › wp-content › uploads › 2016 › 06 › ... · 3. The Year Up Solution 4. Our Impact 5. Value in Partnership Agenda

Custom Solutions

Risk Management & Compliance

Cybersecurity

Merchandising Operations Support

Fund Accounting

Java Programming

What solutions are you looking for?

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Our Impact

Page 13: 1.Who We Are 3. The Year Up Solution 5. Value in Partnership › wp-content › uploads › 2016 › 06 › ... · 3. The Year Up Solution 4. Our Impact 5. Value in Partnership Agenda

MA MA MA MA MA MA MA MA MA MA MA MA MA MA MARIRI RI

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Year Up Growth

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Year Up Program Outcomes

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National Presence

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Value in Partnership

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Corporate Benefits

Our partner organizations report the following benefits

from our partnership:

• Reduced hiring risk

• Reduced employee turnover

• Improved employee performance

• Greater diversity

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Featured on 60 Minutes, discussing the merits

of Year UpWATCH

Corporate Track Record

It’s a win for the urban communities, it’s a win for the students, and it’s a win for our company.

- Ken Chenault CEO, American Express

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Corporate Track Record

As a pipeline of talent, Year Up performs 6 times better than traditional recruitment sources3

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725+

61%

45

Year Up interns hosted since 2003

Months average tenure for hired Year Up grads

Training tracks: IT, Financial Operations

Partnership sites: Boston, New York, Jacksonville

Of interns converted to hires

“Our partnership with Year Up simply makes good business sense. We’re increasing our ability to fill entry-level positions, and increasing retention and engagement—all while contributing to the economic well-being of our communities.”

- Michael ScannellHead of Corporate Citizenship, Talent Acquisition and Global InclusionState Street

Partner Profile

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18 Months

45 Months

Other Sources Year Up Graduates

Source: State Street analysis

Average Tenure of Employees

• Analysis of State Street’s employee retention data found that Year Up graduates stay on the job over 2X longer thanthose hired from other sources

• Higher retention = lower cost of hiring and training, and improved productivity and profits

Benefits – Increased Employee Loyalty

Page 22: 1.Who We Are 3. The Year Up Solution 5. Value in Partnership › wp-content › uploads › 2016 › 06 › ... · 3. The Year Up Solution 4. Our Impact 5. Value in Partnership Agenda

Cost Comparison

Traditional Hire at $32,000 annual

salary

Year Up intern-turned-hire at $32,000 annual salary (for

6 months following internship)

Salary for 12 Months $32,000 $16,000

Social Security Tax (6.2% of salary) $1,984 $992

Benefits (30% of salary) $9,600 $4,800

Typical acquisition cost Client specific $0

Internship Fee $0 $24,700

Total Cost (for 12 months) $43,584 $46,492

Additional Year Up cost $2,908 N/A

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Benefits - A New Pipeline of Diverse Talent

“The beauty of the Year Up model is that while our corporate partners are providing a life changing opportunity for the young adults, we are in turn providing partners like JP Morgan Chase, Salesforce, American Express, Facebook, and Goldman Sachs with a pipeline of talent from a population previously overlooked by most Fortune 500 companies.”

- Garrett Moran, Year Up, President

Year Up Students

Black

Latino

Asian

2+ Races

Other

47%45%

“Year Up interns enrich our workforce, bringing immediate value to our business.”

- Jennifer Petersen, Bank of America, SVP Human Resources Executive, Northeast Operations

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Beyond the Internship

From interns to experienced hires, we have you covered with

Year Up Professional Resources (YUPRO)

I’m looking for an experienced IT Help Desk

manager who can manage multiple priorities.

Year Up alums with 1+ years experience

We don’t have the budget for a permanent role right now but we really need financial

ops help

Year Up recent graduatesI have a lot of middle skills

jobs I need to fill, but I want to make sure it’s a good fit

before we hire

Year Up interns

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Stay Competitive

We are living in a time of unprecedented change.

• 11,000 Baby Boomers retiring per day

• Struggling education system

• Rapidly changing jobs

• Increasing income inequality

• Declining social mobility

Businesses increasingly need to be creative and

collaborative in how they meet their labor

needs

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Opportunities to Engage

Host an intern | Hire a graduate | Invest | Volunteer | Mentor

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Appendix

End Notes:1. Average cost-per-hire for organizations of 1,000 or more employees, 2011-2012 SHRM

Bechmarking Database, as cited in Dooney, 2012. 2. Dr. John Sullivan, “10 Compelling Numbers That Reveal the Power of Employee

Referrals,” ERE.net, May 7, 2012

Additional Sources:Anthony P. Carnevale and Stephen J. Rose, The Undereducated American, (Washington, DC: Georgetown University, 2011).Clive R. Belfield, Henry M. Levin, and Rachel Rosen, The Economic Value of Opportunity Youth, 2012. John Dooney, “Executive Brief: What Factors Influence Cost Per Hire,” SHRM, 2012.

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Appendix: Corporate Partners (Partial List)

Financial Services

Healthcare & Biotech

Media & Technology

Education, Government & Non-Profit

Professional Services

Retail & Manufacturing


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