JP Morgan Introduces New Skills Initiative

JP Morgan Introduces New Skills Initiative

JP Morgan Chase`s New Skills at Work Initiative is targeting the future of work in a new $350M investment.

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JP Morgan Chase`s New Skills at Work Initiative is targeting the future of work in a new $350M investment.

The classes cover topics like leadership and administrative skills. Over the last five years, New Skills at Work has helped about 150,000 individuals in more than 80 communities around the world to build skills that are needed for in-demand jobs.

The initiative started in 2013 as a $250 million commitment and grew to $300 million. It has the potential to offer life-changing opportunities for individuals who struggle with unemployment and recession. The bank gives an example with a woman named Bunita Cosey who had such problems. She was making ends meet as a temp and a ride-sharing driver but wanted to grow outside of these roles.

So Cosey searched and found a role as a community health worker at Advocate Health Care. A year ago, she learned about a JPMorgan Chase-supported training and development program at Advocate that helps employees pivot to higher-paying jobs within the healthcare industry.”, as the bank wrote in a press statement.

Cosey joined the second class of the Advocate Workforce Initiative, where she learned leadership and administrative skills and explored different roles and departments across the healthcare employer`s system. Then, she was able to find a role in human resources helping Advocate employees access and navigate their benefits.

The world of work is changing at a rapid pace, with far-reaching and wide-ranging implications.”, said Jennie Sparandara, head of global workforce initiatives in Global Philanthropy at JPMorgan Chase.

She added:

Stories from people like Bunita and others show us the difference a good job can make – and the powerful effects we see when community and business work together to build solutions. This will be all the more critical as we approach the future of work. In the next phase of New Skills, I’m most excited about lighting a new path – with innovative partners around the world – to lift up families and communities for years to come.”

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