For many of today’s Fortune 500 companies, hiring and retaining high-quality talent is a constant challenge, especially when it comes to entry- and mid-level positions.
Our country’s changing demographics, paired with an increasingly tight labor market, means that companies must develop new pools of talent—and clear career pathways—to meet their workforce needs.
Fortunately, a number of solutions are emerging that have the ability to benefit companies and workers alike. One solution that shows strong results is building underrepresented worker populations into your company’s talent strategy. These underleveraged groups include veterans, people with disabilities, young adults who are out of school and out of work, people formerly involved with the criminal justice system, and immigrants and refugees. Companies have historically undervalued these populations and underinvested in developing their talent—leaving both business and social value on the table.
Immigrants and refugees, for example, are a diverse and dynamic workforce that has the capacity to contribute vitally to individual companies and the economy. With their wide range of educational attainment, skills, and backgrounds, immigrants and refugees are well equipped for a variety of business roles.