The Talent Trapeze: Connecting Business and Human Capital

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The Talent Trapeze Connecting Business and
Human Capital
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Regional Challenges

• Demographic divide Were not getting any
  younger.
• Changing world of work Are our methods of
  exploring and developing careers keeping pace?
• Human capital investments needed Our economy
  will not grow without it.

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Our Working Age Population has Shrunk
1990 1,986,000 18-64 year olds
2,000,000
1,950,000
Loss 68,000 people
1,900,000
1999 1,918,000 18-64 year olds
1,850,000
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
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Many Existing Workers will Soon Leave the
Regions Workforce
Year 2022 Age Breakout of the Regional Workforce
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Its the People!
the New Economy only grows to the extent it
can find highly skilled people, particularly
those educated and experienced in the new
technologies and business practices.
Who Will Stay and Who Will Leave
http//www.southern.org/pub
s/Migration-2001.pdf
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Challenges for Businesses

• Finding skilled employees?
• Developing talent to keep pace in an evolving
  marketplace?
• Retaining talent that is a good fit with the
  culture and skills?
• Achieving top performance from all employees?
• Reducing turnover costs?
• THE SOLUTION INTERNSHIPS

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Internships Opportunity to Meet These Challenges

• Reduce Recruitment Costs
• Pre-screen Potential Talent
• Complete Special Projects
• Create Workforce Diversity
• Introduce Latest Technology Ideas From the
  Classroom
• Become an Employer of Choice

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Need a Few More Reasons?

• Expand your organizations capacity
• Create a positive buzz
• Short Term Commitment
• Long Term Potential

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Internships the Talent Connection

• Internships serve as a continual economic
  workforce generator for the region's businesses
• Research shows that internships
• Lower costs of screening potential hires
• Reduce risks involved with hiring decisions
• The Regional Internship Center has found
• 40 of RIC clients offered full-time employment
  to at least one intern
• 90 of interns who were offered full-time
  employment accepted

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Define Internship

• INTERNSHIP (internship)n.
• 1. a temporary, part-time or full-time
  partnership between an intern and an organization
  that is providing hands-on training and career
  awareness
• 2. practical work experience with an emphasis on
  experience and knowledge rather than employment

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Internships are
a three-month interview - test driving the
corporation from the students point of view and
vice versa for the corporation- Brian Rider
College Relations Manager
PNC Financial Services Group
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Where to look for talent
There are 144,000 students attending the
regions 33 post-secondary institutions

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Key to Successful Internships

• Define the tasks
• Specify the knowledge, skills and abilities
• Select an intern manager or supervisor
• Decide on compensation and perks
• Interview and choose the best match

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Internship Resources
Career Literacy for African American Youth
(C.L.A.A.Y) - A career mentoring and tutoring
program for minority youth to provide career
exploration opportunities.
Pittsburgh Regional Internship Collaborative
Enterprise (PRICE) A Collaboration of financial
service companies for talent pipeline
development.
Advanced Manufacturing Career Collaborative
(AMC2) A Collaborative to help define
manufacturing career pathways that can lead to
rewarding careers.
Pittsburgh Communication Connection (C2) A
Collaborative to increase the number of students
obtaining jobs in the marketing/PR/
advertising/communications fields.
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Internships Made Easy

• The Regional Internship Center (RIC) consults
  with employers on developing internship programs
• RIC connects with over 33 post-secondary
  institutions
• RIC hosts an interactive website that acts as an
  internship clearinghouse
  www.ric-swpa.org
• RIC conducts research surrounding internships in
  SWPA

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RIC Services

• Assist employers in developing internship
  programs
• Promote existing internships
• Provide RIC website to post internships connect
  with candidates
• Link to regional colleges universities

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• The most valuable aspect of internships is the
  opportunity to see a potential core staff
  employee in action. In many cases a student is
  with us for several semesters before graduation.
  We can have a first hand view of their work
  habits and overall fit within our organization.
  If a full-time opportunity becomes available, we
  can consider the interns potential fit based on
  their prior work with us.
• - Louis P. Stanasolovich, CFP
• Founder, CEO, President
• Legend Financial

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• 33 Terminal Way, Suite 429A
• Pittsburgh, PA 15219
• (p) 412-258-2688
• (f) 412-201-0672
• info_at_ric-swpa.org
• www.ric-swpa.org