Investments support skills training and
apprenticeships that create an employment pipeline to help fill 2.3
million critical U.S. healthcare roles
JPMorgan Chase & Co. today announced a more than $8.6
million commitment to help fill well-paying U.S. healthcare jobs by
providing job seekers with critical skills that are in high demand
but currently hard to find. As part of the firm’s $325 million
global investment in skills development, this nationwide effort
will provide lower-income Americans with the economic mobility to
move into the middle class while helping healthcare organizations
to better serve the increasing number of Americans seeking
healthcare services.
“Through conversations with clients and partners, JPMorgan Chase
has a unique vantage point for understanding how to address
challenges healthcare organizations are facing when trying to find
skilled workers and better serve patients,” said Chauncy Lennon,
Head of Workforce Initiatives, JPMorgan Chase. “By investing in
skills training solutions to fill well-paying, high-demand
healthcare jobs, we’re not just providing individuals with economic
opportunity, but helping to improve entire communities and the U.S.
economy.”
Health care is the fastest-growing industry, nationally, with
employment estimated to grow by 19 percent from 2014 to 2024,
adding 2.3 million new jobs. But many of these jobs are expected to
go unfilled unless job seekers have certain skills. The increased
need for skills-driven healthcare jobs can be attributed to various
factors including an aging population, including over 44 million
Baby Boomers that will rely more heavily on health care services as
well as a shift in how healthcare is provided from curative to
preventative care. Rapidly changing technology has also required
job seekers to secure necessary training to help them secure middle
skill jobs—those that require more education and training than a
high school diploma but less than a four-year college degree.
JPMorgan Chase aims to giving more workers, including
lower-income people who are underemployed, a chance at good,
well-paying careers by providing the necessary capital and
technical support to local community colleges, training partners
and research organizations that are doing innovative work to fill
these vital middle skill jobs. Specifically, JPMorgan Chase’s
grants will include three areas of focus:
- Collaborative Partnerships in
Training and Workforce Alignment: Training workers for
advancement is one way health care employers create middle skill
pipelines so the firm has partnered with innovative organizations
to build career pathways for in-demand jobs to better prepare the
workforce through comprehensive training programs.
- Apprenticeships: Combining paid
on-the-job training with classroom-based learning leads to better
employment outcomes for individuals and helps employers build a
pipeline of skilled talent. JPMorgan Chase is supporting innovative
partnerships that are developing promising new apprenticeship
models in some of the highest demand healthcare occupations.
- Data-Driven Hiring Solutions:
Using accurate and timely data-driven research can help the private
sector, academic, and philanthropic communities to better
understand the barriers that employers and job seekers face. Better
data will lead to better long-term outcomes for individuals and the
widespread economy. For example, recent JPMorgan Chase reports
found that Chicago and Detroit have about 14,500 and 2,600 annual
middle skill healthcare jobs, respectively that need to be filled.
Each city has expressed concern about finding qualified, trained
workers for these well-paying positions.
Middle skill jobs provide higher wages and can set workers on a
career pathway while improving job security and satisfaction. The
increased demand for health care services, changes to the structure
of health care delivery, and efforts to control costs affect
employment in the health care workforce at all skill levels. These
trends suggest healthcare is a promising sector for initiatives
focused on developing a strong pipeline to move lower-skilled
workers into middle skill jobs.
JPMorgan Chase’s new multimillion dollar commitment to
strengthening the healthcare workforce will support the following
organizations and efforts:
- Multiple Chicago area workforce grants
(Chicago, Illinois) - $1,050,000. Four area healthcare
organizations received new funding from JPMorgan Chase including
Ann & Robert H. Lurie Children’s Hospital of Chicago
($300,000), Rush University Medical Center
($100,000), Instituto Del Progreso Latino ($250,000),
and One Million Degrees ($400,000). These investments focus
on addressing the middle-skills employment gap in Chicago’s
healthcare sector by partnering with various groups to recruit and
train individuals interested in high-demand healthcare careers.
This builds on the work already being done by the Advocate
Charitable Foundation to provide access for under-employed
workers to clinical, work-based learning, and paid internships at
Advocate sites across the Chicago metro area, positioning graduates
into higher-paying jobs with longer term career paths within the
healthcare industry. The Advocate’s second class graduates on April
20 of this year.
“We partner with middle and high schools from low and
middle-income neighborhoods in order to prepare students from those
neighborhoods for jobs in medicine, nursing, Medical
Assistant and Medical Coding,” said Maria Rivera,
Director of Workforce Programs, Lurie Children’s.
“This year we forged a new partnership with Malcolm X College as
well to provide clinical experience to nursing students. As the
healthcare industry grows in Chicago, programs like this one help
us make sure jobs are filled and staff is properly trained to
deliver high quality care. Thanks to JPMorgan Chase for helping
make this possible.”
- H-CAP (Washington, DC) -
$1,000,000. H-CAP is a national labor/management organization
of SEIU union locals and healthcare employers who are partnering to
develop national standards and guidelines for Registered
Apprenticeships (RA) by coordinating across regions with key groups
to convene a national conversation and opening the door to this
model in licensed healthcare occupations. Working with union and
employer partners, the group works to meet the needs in current and
emerging healthcare occupations by sharing best practices in
workforce development and planning, aligning healthcare
professional education with industry needs, addressing changes in
healthcare technology, and developing programs that combine career
advancement with quality outcomes. Specifically, the group aims to
implement RA programs in at least five states (CA, CT, MA, NY, and
PA) for Advanced Homecare Workers, Behavioral, Health
Workers/Technicians, Community Health Workers, and Medical
Coding.
“With help from JPMorgan Chase we are working to transform
healthcare workforce education policies to better assist in
providing quality care, developing talent solutions for employers,
and creating pathways for employees to learn the critical thinking
skills they need in a dynamic and changing industry,”
said Daniel
Bustillo, Director, H-CAP. “We will
promote innovation and quality in the healthcare workforce by
fostering the development of national industry standards for
healthcare apprenticeships.”
- Northwell Health (New York City, NY)
$750,000. Northwell Health is the largest clinically-integrated
healthcare network in New York State, with 21 hospitals, a patient
base of eight million and has made a commitment to providing
continuous learning opportunities for staff to acquire the
knowledge and skills they need to support their strategic and
patient care goals. To address the need for middle skill employees
and the related necessity for residents of lower-income communities
to find pathways to economic security, Northwell developed a pilot
program to train and teach community healthcare workers, outreach
associates and health coaches. The program provides community
members with entry-level job opportunities with clear pathways for
upward mobility. This pilot tests a new model for job training, one
that is ultimately sustainable and a model for healthcare worker
training and advancement on a larger scale.
“Our collaboration with JPMorgan Chase helps us fulfill our
mission of improving the health of the communities by building a
stronger economic future for individuals and their families through
long-term employment in New York’s healthcare industry,” said
Michael J. Dowling, President and CEO,
Northwell Health. “Through this new training and teaching
model, we will be able to prepare the health care workforce of
tomorrow, offering solid career opportunities in one of the
country’s most rapidly evolving industries.”
- Seton Healthcare Family (Seton)
(Austin, Texas) - $730,000. Seton is part of Ascension,
the largest nonprofit health system in the U.S. and the world’s
largest Catholic health system. The largest private healthcare
employer in Central Texas with approximately 12,500 employees,
Seton is working to support the development of an employment
pipeline for lower-income Greater Austin community residents, to
build a pilot initiative to create career pathways within Seton for
current frontline healthcare workers, and to create the internal
and external capacity for developing a long-term strategic focus on
workforce development.
“Seton will use this generous funding from JPMorgan Chase to
develop creative ways to prepare people for high-demand health care
careers specific to our community,” said Jesus Garza,
President and CEO, Seton. “Rapid population
growth makes it imperative to build the local health care
workforce, and create pathways for career advancement to ensure
we’re able to retain workers locally.”
- National Employment Law Project (New
York City, New York) - $250,000. NELP is partnering with the
Safer Foundation on a pilot project in the Bay Area, Cleveland and
Dallas Fort-Worth to engage healthcare employers and workforce
development organizations to explore hiring practices, share best
practices, and build a foundation for advancing employment
opportunities for people with criminal records in pilot
communities. Due to limited information available on the
experiences of employers that have employed individuals with
criminal records, related hiring policies haven’t progressed. This
program, which resulted in the production of “A Healthcare Employer
Guide to Hiring People with Arrest and Conviction Records,” will
lay the groundwork for educating employers on the cost and benefits
associated with hiring and employing people with criminal records
as compared to other workers.
“One in three adults in the U.S. have an arrest or conviction
record and current hiring practices in the healthcare industry
create significant employment barriers for those people,” said
Christine L. Owens, Executive Director, National
Employment Law Project. “With employment in the healthcare
industry expanding every day, it’s time to update our human
resources policies using new data to not only ensure those
individuals have a chance to get back on their feet but address the
ever-growing healthcare workforce shortage.”
- Foundation for the Seattle Colleges
(Seattle, Washington) - $240,000. The Seattle Colleges District
(SCD) comprises the largest community college system in Washington,
serving more than 45,000 nontraditional students with programs in
workforce education and training, career-focused bachelor's
degrees, and academic transfer degrees. In order to help meet the
demand for middle skill workforce, this program aims to place
well-trained students who previously been un/underemployed into
high-demand healthcare jobs as medical assistants, medical
informatics specialists, and medical cyber security technicians by
launching three degree programs that incorporate alternative
instruction modalities to accommodate the demands of today's
students, including online, hybrid, evening and weekend courses. In
addition to placing students, this will assist employers in filling
thousands of jobs due a shortage of qualified workers.
“Our ongoing partnership with JPMorgan Chase has allowed us to
make tremendous strides,” said Malcolm Grothe, PhD,
Associate Vice Chancellor, Workforce and Economic
Development, Seattle Colleges. “Medical assistants and cyber
security techs serve very important roles in our healthcare
facilities and building a pathway to make sure their roles are
filled is not only good news for their futures, it improves the
overall quality of health care in our region.”
- Employ Milwaukee (Milwaukee,
Wisconsin) - $150,000. Employ Milwaukee is the largest
workforce investment board in Wisconsin, and has collaborated with
the state’s five health systems that collectively employ 50,000 to
collaborate on an industry-wide employment strategy. The program
aims to deepen the connection between employers and community-based
organizations, and has worked with the founding partners to commit
to hiring 500 community residents from underserved zip codes, to
increase diversity in their healthcare system writ large, and to
build collective impact and greater collaboration among
community-based organization engaged in workforce efforts.
“JPMorgan Chase was the first non-health system to provide
funding for our demand-driven healthcare initiative in Milwaukee,”
said Earl Buford, CEO of Employ Milwaukee.
“Together we are working to make sure there is a steady and diverse
pipeline of candidates to fill jobs in this high-growth
industry.”
- The Urban Institute (Washington,
DC). The Urban Institute is a nonprofit group that conducts
research and offers evidence-based solutions to improve lives and
strengthen communities across the world. Urban conducted a study to
better understand what innovative practices healthcare employers
are using to meet their need for middle skill healthcare workers
while also preparing lower-skill employees to fill these jobs. They
examined the strategies of up to 10 large healthcare employers
seeking to improve access to skills training in the healthcare
industry. The public-available research will be used to inform new
initiatives and replicate successful existing efforts to help meet
the employer need to boost the middle skill healthcare
workforce.
“JPMorgan Chase has dedicated funding to research that helps
workforce organizations better understand the problems facing
employers in the healthcare industry,” said Pamela
Loprest, Senior Fellow, Urban Institute. “Our
research partnership is helping to highlight the key roles some
employers already play in building worker skills and how to better
allocate resources to prepare job seekers with the training they
need to enter well-paying healthcare careers.”
Other recipients include:
- (Idaho) College of Western Idaho
Foundation - $45,000
- (California) Jewish Vocational Service
Los Angeles - $75,000
- (California) Los Angeles Area Chamber
of Commerce Foundation - $155,000
- (California) Telacu Education
Foundation - $50,000
- (California) Bay Area Council
Foundation - $200,000
- (California) Valley Vision -
$150,000
- (California) Center for Employment
Training - $100,000
- (California) Unity Council -
$100,000
- (Louisiana) Monroe Chamber of Commerce
- $200,000
- (New York) East Harlem Employment
Service, Inc./Strive International, Inc. - $400,000
- (New York) New York Alliance for
Careers in Healthcare - $235,000
- (New York) Phipps Neighborhoods, Inc. -
$1,000,000
- (Washington) Spokane Area Workforce
Development Council - $200,000
- (Washington) The Seattle
Foundation/SkillUp - $500,000
Through several targeted philanthropic initiatives, the firm is
investing over $325 million in skills development around the world.
In addition to a $75 million New Skills for Youth initiative, these
investments include a separate five-year, $250 million global
initiative called New Skills at Work to help fill vital positions
for employers and provide adult workers with a real and tangible
pathway to economic opportunity, as well as a $5.8 million effort
to support summer youth employment programs for youth around the
country.
About JPMorgan Chase
JPMorgan Chase & Co. is a leading global financial services
firm with assets of $2.5 trillion and operations worldwide. The
Firm is a leader in investment banking, financial services for
consumers and small businesses, commercial banking, financial
transaction processing, and asset management. A component of the
Dow Jones Industrial Average, JPMorgan Chase & Co. serves
millions of consumers in the United States and many of the world's
most prominent corporate, institutional and government clients
under its J.P. Morgan and Chase brands. Information about JPMorgan
Chase & Co. is available at www.jpmorganchase.com.
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Media:JPMorgan Chase & Co.Stephanie Bosh, (202) 585-1382
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