Human Capital Meets the Bottom Line

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Human Capital Meets the Bottom Line
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Booker T. Washington
Nothing ever comes to one, that is worth having,
except as a result of hard work.

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Subject

• A generative force cause
• A point of origin or procurement beginning
• One that supplies information prototype

The SOURCE
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Wants
Subject

• Increased productivity (5)
• Decreased turnover (10)
• More dedicated and engaged employees

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Needs
Subject

• Child care
• Transportation
• Domestic problems

The SOURCE
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Realities
Subject

• 25 of MIs working families cannot meet their
  needs
• In Kent Co., nearly twice as many women as men
  working full time report earnings below poverty
  (lt14K)
• Grand Rapids counts 10,000 single female-headed
  households (14)

Info from Mi League for Human Services (2004)
2006, American Community Survey
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Building Capital
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Subject
Business vs. Social Agency

• Time is valuable
• Cost of specialists not budgeted

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What We Know

• All organizations face these issues
• Even good companies are not equipped to
  handle them
• Getting better is a competitive advantage

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Back to Reality

• 2015-2025
• 10-16 million fewer workers than there are jobs

U.S. Bureau of Labor Statistics
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A New Social Contract We cannot guarantee you
any lifetime employment. But we can guarantee you
that government and companies will focus on
giving you the tools to make you more lifetime
employable.
Thomas Friedman, The World is Flat
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July 2002

• Collaborative for services
• Business success with social responsibility
• Business, community and government

The SOURCE
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Work-life Balance
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There is an understanding now that families
simply cant handle the workload and being a
parent without some assistance. Organizations
cant get around this issue by finding
individuals who dont deal with the realities of
life outside of work because there are fewer and
fewer of those people.
Jessica Foster, Assistant Professor, Purdue
University
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• 81 of U.S. workers work for employers that dont
  have programs to help them balance work and life

Radcliffe Public Policy Center Report
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What is the cost to the economy?
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The Model
The SOURCE West Michigan TEAM
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Do you care? Can you afford not to care?
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West Michigan TEAM
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A network of businesses reaching out to community
and government resources to collaboratively
provide solutions that positively impact the
lives of employees and provide a sustainable
economic and competitive advantage to each
stakeholder.
The SOURCE
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• 16 Businesses (3,900 employees)
• Michigan Department of Human Services (DHS)
• Colleges and Universities
• Over 45 different HSOs

The SOURCE
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• Leverage
• Small to mid sized companies can compete for WFD
  resources
• Retention Support services outsource the social
  work leverage community government support
  dollars
• Align training needs and resources to increase
  impact of dollars spent on skill development
• Leverage collective knowledge of members through
  board participation best practice sharing

Engaged CEOs HR Employees SOURCE Staff
Leverage
The SOURCE West Michigan TEAM
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Services

• Basics
• Beyond the basics

The SOURCE
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Employer Metrics

• Reduced turnover
• Increased productivity
• Greater employee engagement
• Higher morale
• Better understanding of work
• Reduced need for supervision

The SOURCE
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Employee Metrics

• One point of access
• More frequent training opportunities
• Objective 3rd party

The SOURCE
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Government Metrics
Reduction in recidivism
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HSO Metrics

• Better access to potential clients
• More efficient service delivery

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Our Stories
Sophia

• Single mother
• Trailer burned to the ground
• Red Cross emergency assistance
• SOURCE housing assistance
• Caseworker contact with employer

The SOURCE
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Common Barriers

• Housing
• Transportation
• Child Care
• Financial Difficulty
• Employment and/or Educational Goals

The SOURCE
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The SOURCE SW 2006

• 617 employees trained
• 87 average yearly retention rate
• 239 average Return on Investment
• 1 million savings to the State

The SOURCE
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Big Picture Benefits

• Leverage workforce
• Affordable benefits and services
• Access to government funds
• Career growth across member companies
• Business and community together

The SOURCE
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• West Michigan TEAM Beyond Borders
• A nonprofit organization pioneering breakthrough
  approaches to workforce development.
• We work across sectors to improve the lives of
  workers, increase the success of businesses, and
  optimize the effect of government.
• We bring together private, public and nonprofit
  organizations to strengthen local economies
  throughout the region.
• Through a unique, proven Tri-sector Employment
  Advancement Model, we create vibrant local
  networks that benefit employees and employers.

West Michigan TEAM
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West Michigan Regional Network
West Michigan TEAM
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Definitions Consortiuma group of businesses
connected by geography or industry that
are working together in the TEAM model. Example
The SOURCE SW   Affiliate networka
group three or four consortiums sharing knowledge
and support through a TEAM leader. Example The
SOURCE or Health Field Collaborative   Regional
network a group of three or four affiliate
networks advancing the TEAM model across a
broader geography. Example West Michigan TEAM
  National networkthe group of all regional
networks, affiliate networks, and consortiums
advancing the TEAM model.
West Michigan TEAM
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Your SOURCE

• 7-12 businesses
• 2,300 employees
• Common geography
• Blend of low and high wage skill jobs

The SOURCE West Michigan TEAM
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Employer Investment
1,500-35,000 per year, per company
The SOURCE West Michigan TEAM
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• Your Partners assisting with
• Identifying your Employer Champions
• Gathering the right partners together
• Walking you through a collaborative development
  process
• Guiding you through to operationalize a locally
  relevant and governed , employer driven and
  supported consortium

The SOURCE West Michigan TEAM
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The
SOURCE
Contact Rachel Kunnath, Program Director
Email
rachel_at_grsource.org Tel
616.452.5295 www.grsource.org West Michigan
TEAM Contact Ashleigh Emmerson, Vice
President Email aemmerson_at_westmichiganteam.org Te
l 616.454.8738 www.westmichiganteam.org