Last week, George Westerman, Research Scientist at MIT Sloan and the MIT Center for Digital Business, showed a headline from the Wall Street Journal article, "CIOs, Facing IT Skills Gap, Eye the Gig Economy for Talent," to the attendees of a panel he moderated at the MIT Sloan CIO Symposium 2016. The panel discussion, Developing your Organization's Skills for the Digital Future, played to a packed room.
While turning to freelancers and contract employees participating in the gig economy may be one solution to the talent gap, there are companies taking other approaches as well. One panelist in the skills discussion at the MIT CIO Symposium may have offered a solution for winning the talent war. Gerald Chertavian, CEO and Founder of Year Up, believes that there’s a wealth of untapped talent among the six million U.S. young adults who are "out of work, out of school, and without access to the economic mainstream." As he told the attendees, "These are smart, hard-working young people who just happen to have been born or live in the wrong zip code, essentially making a college education impossible for them."
Chertavian's organization works with more than 250 organizations and companies to develop the talent in these young people and move them into white collar, career-focused jobs, such as software engineers and (highly prized) Java developers. The list of companies turning to Year Up to address their talent shortage is impressive and includes Accenture, Airbnb, American Express, athenahealth, AT&T, Bank of America, Biogen IDEC, Cisco, Deloitte, Facebook, GE Energy, Google, and many others