Talent-Finance

Rethinking how we finance workforce talent

A Michigan utility company is working to create more access to the customer service talent pipeline
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For the past year, a group of nonprofits has been digging deep into an important question: how do we eliminate cost as a barrier to educating, training, and upskilling in order to make certain everyone has access to opportunities in the changing workforce?

The question was first introduced last fall when the U.S. Chamber of Commerce Foundation, along with several partners, introduced Talent Finance – a white paper calling for rethinking the public-private approach to financing workforce talent.

The paper clearly spelled out the mission. “We are in a new economy that competes on talent, yet the talent financing and development systems we rely on were built for a different era and economy. The global pandemic has introduced new urgency and risks that require bold thinking and transformational change.

“In this dynamic economy, skills and job opportunities are constantly changing and new skills and opportunities are emerging. Amid this change, employers, workers, and government face growing risks in achieving a return on investment in skill development and managing short- and long-term risks associated with employment and income.”

The brief was co-authored by the U.S. Chamber of Commerce Foundation, the Federal Reserve Bank of Atlanta, and Greater Houston Partnership.

Sarah Castro is senior director, programs, U.S. Chamber of Commerce Foundation, Center for Education and Workforce. She notes since the initial launch, “We’ve really been ramping and amping this thing up to get lots of partners in there.” Castro says, “We have added Social Finance, Society for Human Resource Management (SHRM), Education Finance Council, National Association of Workforce Boards, and JFF.

The Customer Service Talent Pipeline

Since the launch, the Chamber Foundation has conducted sessions with local businesses and organizations to explore talent finance instruments and identify pilots and partnerships with strong employer leadership. The first cohort was made up of 21 organizations and participants were tasked with presenting their ideas for pilot programs that, ultimately, grow and lift up talent.

Deborah Majeski (Photo: DTE Energy)

Among the cohort members, DTE Energy, a Detroit-based utility company. Deborah Majeski, manager of workforce development at DTE Energy shared with the group that a key strategies would be to make sure employers are actually in search of talent. “Now you’re building the pipeline and you want to make sure it’s aligned with jobs, right? You just don’t want to build it and not have people wanting to hire from it,” says Majeski.

“I did a little homework in regards to customer service and realizing that customer service had a very high job demand in the state of Michigan – it was going to be number six for a number of years – I packaged it up in a way to share it with the CPO (chief procurement officer) leadership that this might be a project for us to consider and they grabbed hold of it,” says Majeski.

“We were able to collect the data. And then I was able to build charts that said this is what the story is. We have 11,000 job opportunities in the next 18 months.”

Making the Pipeline Accessible and Equitable

Majeski says the framework for the necessary customer service skills is multi-tiered. Among them, personal effectiveness, academic and workplace competencies, and industry-specific skills.

She explains that customer service needs stretch across many employers. “This project is touching multiple industries. It is touching automotive, health care, entertainment, utilities, private companies like suppliers of DTE, supplies to people in our community here within the Detroit region.”

(Graphic: DTE Energy)

The customer service initiative is now partnered with a local educational institution, according to Majeski. “We were able to connect with Henry Ford College. They have a customer service program. We’re going to be expanding on what they already have.”

Majeski says the learning can also extend to high school students. “We are also discussing with high schools to have dual enrollment. So now I get a high school senior to get a dual enrollment. They’re learning about customer service. They’re getting college credits. We can now start promoting either work-based learning or summer internships. So that’ll be another flow of opportunity.”

She adds that the focus aims to also include career and technical education institutions, as well as adult learners.

The collaborative members interested in growing their customer service talent are also providing information on how to fund the program. “Funding is still an area of opportunity,” says Majeski.

“We have partners here. This membership is working to help us figure out where are the funding sources. They are sharing with us whether they have foundational dollars or are there other grant dollars that they’re aware of that this collaborative might tap into.”

Creating and Maintaining Impact

“I’ve been working in the workforce development space for a number of years now. When you’re really trying to look at solving problems that are within a community and problems that you don’t just want to put on a Band-Aid, you really want to get to understanding the root cause and putting sustainable solutions in place.”

Majeski talks about expanding beyond the local collaboration. “If it’s going to grow to the next level, where does that administrative drive take place? Someone has to keep a pulse to keep it continuously growing.”

“Where would this driver be?” asks Majeski. “So that’s one that still needs to be figured out.”

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.