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Work in Progress podcast. Rajiv Chandrasekaran of Schultz Family Foundation talks about the American Opportunity Index, economic mobility, and career advancement
Work in Progress podcast. Rajiv Chandrasekaran of Schultz Family Foundation talks about the American Opportunity Index, economic mobility, and career advancement
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Measuring employers on how much they value their workers and help them reach their career goals

A conversation with Rajiv Chandrasekaran, managing director, Schultz Family Foundation
By Ramona Schindelheim
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In this episode of Work in Progress, I’m joined by Rajiv Chandrasekaran, a managing director of the Schultz Family Foundation, to talk about the American Opportunity Index, a joint project of the Schultz Family Foundation, Harvard Business School, and Burning Glass Institute that ranks companies on how they are driving economic mobility and career advancement for their workers.

Whether you’re looking for a job or already have one, how do you know if your employer is interested in helping you get ahead in your career and, importantly, if they are interested in promoting talent from within?

For the past two years, the American Opportunity Index has been looking at those questions, measuring the career trajectories of nearly 5 million employees at close to 400 of the nation’s largest companies, and examining how those employers hire, pay, and promote workers.

“Do employers value their human talent? Do they create pathways for them to advance? And do they see their people as real assets that they can continue to build and grow their businesses with?” Chandrasekaran says there are some of the core questions that the Index set out to answer.

“What is so unique about the Index is that it’s not looking at what companies say they do. There are plenty of other folks out there that try to compile lists of what corporate inputs are. That’s all well and fine, but we decided to look at what’s actually happening to workers.

“For many workers, particularly those in lower wage jobs, those in mid-skill jobs, the reason that many workers get ahead and others don’t isn’t really because of their work ethic or their intelligence or their gumption. It’s because of the practices of their employer,” says Chandrasekaran.

The American Opportunity Index measures a company’s success in creating career advancement and economic mobility for its workers through five key components: hiring, pay, promotion, parity, and culture.

During the podcast, we discuss all five. Here is some of what Chandrasekaran had to say about one of them: hiring.

“We look at two critical things in hiring. We look at first jobs. We look at the percentage of open roles at a company that are open to people with little or no experience. How inclusive is this employer? Are they creating opportunities for people to enter the workforce?

“And then we look at something we call ‘degree barriers.’ We’re looking at the degree to which a company really hires for skills versus degrees. You’ve got a lot of companies out there that say, ‘We are embracing skills-based hiring. We removed degree requirements.’

“That is a policy that’s made from on high and is intended to be cascaded down. But in reality, you have hiring managers, when choosing among the slate of candidates, will often still default to the candidate that has the degree, even if the job doesn’t require it. And so assessing companies based on their policies, yes, you can learn something from it, but what’s so unique about the Index is that it’s actually examining what’s happening within the workforce in these large corporations.”

We go into great details about each of the five measures that were used to create the index and which companies are performing best when it comes to economic mobility and career advancement.

Which of the nation’s top companies made the Top 10? What are some of the companies with the best initiatives and programs when it comes to helping promote workers from within? And why are the best companies helping their workers prepare for careers and jobs with other employers?

Chandrasekaran answers all those questions and much more.

Learn more about the American Opportunity Index, and how employers and employees can use the information to their advantages, by listening to the podcast here, or wherever you get your podcasts. You can also find the conversation on our new Work in Progress YouTube channel.

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Episode 304: Rajiv Chandrasekaran, managing partner, Schultz Family Foundation
Host & Executive Producer: Ramona Schindelheim, Editor-in-Chief, WorkingNation
Producer: Larry Buhl
Theme Music: Composed by Lee Rosevere and licensed under CC by 4
Transcript: Download the transcript for this episode here
Work in Progress Podcast: Catch up on previous episodes here

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Dana Beth Ardi

Executive Committee

Dana Beth Ardi, PhD, Executive Committee, is a thought leader and expert in the fields of executive search, talent management, organizational design, assessment, leadership and coaching. As an innovator in the human capital movement, Ardi creates enhanced value in companies by matching the most sought after talent with the best opportunities. Ardi coaches boards and investors on the art and science of building high caliber management teams. She provides them with the necessary skills to seek out and attract top-level management, to design the ideal organizational architectures and to deploy people against strategy. Ardi unearths the way a business works and the most effective way for people to work in them.

Ardi is an experienced business executive and senior consultant who leverages business organizational transformation through talent strategies. She uses her knowledge and experience to develop talent strategies to enhance revenue and profit contributions. She has a deep expertise in change management and organizational effectiveness and has designed and built high performance cultures. Ardi has significant experience in mergers, acquisitions, divestitures, IPO’s and turnarounds.

Ardi is an expert on the multi-generational workforce. She understands the four intersecting generations of workers coming together in contemporary companies, each with their own mindsets, leadership and communications styles, values and motivations. Ardi is sought after to assist companies manage and thrive by bringing the generations together. Her book, Fall of the Alphas: How Beta Leaders Win Through Connection, Collaboration and Influence, will be published by St. Martin’s Press. The book reflects Ardi’s deep expertise in understanding organizations and our changing society. It focuses on building a winning culture, how companies must grow and evolve, and how talent influences and shapes communities of work. This is what she has coined “Corporate Anthropology.” It is a playbook on how modern companies must meet challenges – culturally, globally, digitally, across genders and generations.

Ardi is currently the Managing Director and Founder of Corporate Anthropology Advisors, LLC, a consulting company that provides human capital advisory and innovative solutions to companies building value through people. Corporate Anthropology works with organizations, their cultures, the way they grow and develop, and the people who are responsible for forming their communities of work.

Prior to her position at Corporate Anthropology Advisors, Ardi served as a Partner/Managing Director at the private equity firms CCMP Capital and JPMorgan Partners. She was a partner at Flatiron Partners, a venture capital firm working with early state companies where she pioneered the human capital role within an investment portfolio.

Ardi holds a BS from the State University of New York at Buffalo as well as a Masters degree and PhD from Boston College. She started her career as professor at the Graduate Center at Fordham University in New York.

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