Managing the Future of Work Podcast: Social Finance: Trainers Make the Grade When Students Get Good Jobs
Excerpted from the Future of Work
Social Finance has deftly aligned incentives around skills training. By pooling public and private resources and making job placement a shared goal, the nonprofit is providing proof of concept that could scale to address workforce development needs nationwide. Co-founder and CEO Tracy Palandjian explains career impact bonds and social impact bonds.
What are the job openings in the market? What credentials and licenses do these job openings require in the middle skills arena? Who are the people who've been locked out of these wonderful training programs that exist in the marketplace? And what are the right financing parameters to enable folks—notably people of color, women, and people who face barriers to employment—to get skills to actually land these in-demand jobs, that are in sectors that are continuing to be relatively recession resistant?