Impact Hiring

Impact Hiring

While overall unemployment levels have decreased over the past several years, economic opportunity has remained out of reach for some—including large numbers of youth. As the labor market has tightened, competition for entry-level talent has increased among employers. These factors underpin the value of impact hiring: talent practices that create business advantage through hiring and developing individuals who often face barriers to economic opportunity.

The landscape of impact hiring is changing as more companies explore this practice as a viable talent strategy. FSG—with the support of The Rockefeller Foundation and Walmart—will facilitate and support a learning community for companies and workforce partners interested in innovating and driving best practices in hiring, retention, and advancement of Opportunity Youth and other populations facing barriers to employment. 

Content from this campaign

Advancing Frontline Employees of Color
Employers of frontline talent face an unprecedented opportunity to advance racial equity as a source of competitive advantage. The United States is experiencing dramatic demographic shifts, its workforce is becoming increasingly racially diverse, and the nature of work is fundamentally changing due to automation. Approximately nine million of the country’s 24 million frontline...
Feb 21, 2020 8:45 AM ET
Rewiring Employment Systems: FSG’s Innovation Labs Now Accepting Applications
Everyone’s talking about workforce, but do you have the tools and knowledge to access and support new sources of talent? Over the last year, FSG has been working to advance employer practice change through their Talent Rewire Innovation Lab program, which supports a wide range of employers to better recruit, retain, and support...
Aug 24, 2018 8:00 AM ET
Four Guiding Principles for Rethinking Your Workforce
With 46 percent of employers reporting difficulty filling jobs and looming uncertainty around how artificial intelligence and automation will impact the future of work, CSR and HR...
Aug 15, 2018 8:00 AM ET
Entry-Level Retention Makes a Billion Dollar Difference for Business and Society
In the years since the Great Recession, unemployment levels have fallen across the United States, while economic growth in the country has rebounded. As a result, competition for entry-level talent is growing, and many employers are struggling with rising employee turnover. We estimate that the U.S. retail industry lost more than $9 billion to voluntary entry-level turnover in 2016. ...
Apr 24, 2017 8:45 AM ET
Engaging Employers: Three Lessons from Impact Hiring
A couple of weeks ago, influential employers—including T-Mobile, Gap Inc., and McDonalds*—came to New Orleans for an unprecedented gathering on jobs in the United States. Each had expressed enthusiasm for impact hiring—an approach that creates business value through hiring and investing in individuals who face barriers to...
Apr 21, 2017 8:15 AM ET