JPMorgan Chase’s New Skills at Work Program Promotes Youth Employment

New Skills at Work
New Skills at Work

 

Finance professional Darin Pastor boasts nearly two decades of investing experience as well as managing investors. Between 2008 and 2010, Darin Pastor served at JPMorgan Chase, where his team generated over $1.4 billion in sales in just a single year. This institution doesn’t just limit its impact to the financial sector, however. JPMorgan Chase also fosters corporate responsibility through philanthropic programs, such as New Skills at Work.

New Skills at Work is a five-year initiative to close the skills gap between workers and the markets that need them the most. The program not only offers training and education for adults, there is a strong focus on helping youth as well. Of the $250 million set aside for New Skills at Work, a significant portion is dedicated to supporting summer youth employment programs (SYEPs) across the United States. These programs help teens develop proficiencies that create pathways to their eventual careers, earn money, avoid delinquency, and reduce potential future unemployment. Most programs even offer college credit. SYEPs also promote a healthy, balanced workforce in the communities they serve.

Research into the long-term benefits of such programs is currently underway, but short-term success stories demonstrate the positive impact of efforts like this to promote self-sufficiency.

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