Turning the U.S. Labor Shortage from Threat to Opportunity

Sara Wasserteil July 12, 2022

A large portion of U.S. economic growth in the 20th century was driven by diversification of the country’s workforce. Today, we have an additional challenge, in the form of declining labor force participation and difficulty in attracting and retaining talent.

 

We’ll discuss how expectations for hiring that aren’t clearly linked to job success factors are causing a destructive divergence between our people and our workforce, especially for adults without a four year degree and those who have been impacted by the criminal justice system, disproportionately impacting Black and Latinx workers.


In an open dialogue with two companies that have taken bold steps to change the face of their workforce, we will discuss specific actions companies can take to drive a new convergence, helping people reach their full potential and spur continued, just, economic growth.

Format

Fireside Chat (3 speakers maximum)

Meta Themes

  • Deliver Equity and Inclusion

  • Reimagine Systems

  • Power and Capital

  • Justice

Themes

Second Chance Hiring, inclusive hiring, workforce development

Purpose and Desired Outcome

Describe the headwinds to talent acquisition caused by inflated college degree requirements – impacting 70 million American adults – and hiring restrictions on workers with any past justice system involvement – impacting 79 million adults. Begin an open dialogue with attendees about their experiences with hiring requirements and the successes and failures they have experienced with talent acquisition and retention, and diversification and equity in their workforces. Provide ideas for specific actions attendees can take to address these potential issues at their organizations, and hear from industry leaders how they are putting these ideas into practice.

Audiences

  • Corporate & SME

  • Government

  • Entrepreneurs

  • Allocators (Family Offices, HNW Individuals, Foundations)

Speakers

  • NameBradley Nardick
  • TitleCEO
  • OrganizationThe Bazaar
  • StatusConfirmed
  • NameLawrence Johnson
  • TitleMaintenance Assistant
  • OrganizationThe Bazaar
  • StatusInvited
  • NameJulie Garfield
  • TitleWorkforce Strategy Program Manager
  • OrganizationBMO Harris Bank
  • StatusConfirmed
  • NameKathleen Caliento (moderator)
  • TitlePresident and CEO
  • OrganizationCara Collective
  • StatusConfirmed
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