What is Impact Hiring?
While overall unemployment levels have decreased over the past several years, economic opportunity has remained out of reach for some—including large numbers of youth. As the labor market has tightened, competition for entry-level talent has increased among employers. These factors underpin the value of impact hiring: talent practices that create business advantage through hiring and developing individuals who often face barriers to economic opportunity.
Innovation Labs: Supporting Companies in their Impact Hiring Strategies
The landscape of impact hiring is changing as more companies explore this practice as a viable talent strategy. FSG—with the support of The Rockefeller Foundation and Walmart—will facilitate and support a learning community for companies and workforce partners interested in innovating and driving best practices in hiring, retention, and advancement of opportunity youth and other populations facing barriers to employment. The cornerstone of the project is the Innovation Labs, which offer pioneering companies an opportunity to test impact hiring innovations while being provided access to consulting support, peer-to-peer cohort learning, and a communications platform to share best practice employment innovations improving their employment brand.
Amelia Ransom, Director of Talent
Research and Tools
- Investing in Entry-Level Talent: Retention Strategies that Work
Four evidence-based strategies for effective entry-level retention and advancement.
- “Engaging Employers: Three Lessons from Impact Hiring”
From Abigail Carlton, managing director at The Rockefeller Foundation, and FSG's Nicole Trimble.
- Unlocking the Business and Social Value of Impact Hiring Panel
A discussion at the Shared Value Initiative Summit featuring Dashawn Hightower, a program participant, and leaders from Walmart and Gap.
- “Discussing Opportunity Youth and Impact Hiring with House Committee on Education and the Workforce”
Presenting impact hiring to members of Congress.
- "How to Improve the Engagement and Retention of Young Hourly Workers"
An article in Harvard Business Review sharing 5 key insights for employers looking to improve retention and engagement.