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Good Jobs Institute

Institute Insights

July 2021

 
 

what the covid recovery tells us about essential jobs

As the U.S. economy slowly emerges from the pandemic, we have seen some companies struggle to hire and retain workers, especially in the service sector. Business leaders have a unique opportunity now to improve jobs in a way that drives their competitive advantage through adaptability and differentiated service. In this issue, learn more about how some companies can measure and improve worker financial health and learn to view their labor force as more than "low skilled." 

 

The Worker Financial Wellness Initiative Launches First Cohort

The Good Jobs Strategy shows that financial wellbeing is good for workers, companies, and communities. In 2020 we launched the Worker Financial Wellness Initiative with our partners JUST Capital, Financial Health Network, and PayPal, encouraging executives to assess and prioritize the financial wellbeing of their workforce. 

"Our employees are the only competitive advantage we have as a company. All  [The Worker Financial Wellness Initiative] is asking is to measure the financial health of your workers, so that you understand, are they struggling to make ends meet at the end of the month? The only way to do that is to create a metric and then live up to that metric."- Dan Schulman, CEO PayPal

This month, we announced the first cohort of companies to join the Initiative, including Verizon, Chipotle, Chobani, Even, and Prudential Financial. We commend these organizations for their leadership and commitment to understanding the financial health of their workforce. If your organization is interested in taking a step towards financial wellness, you can fill out this interest form or use the Financial Wellness Assessment Guide.

Check out the first cohort announcement here
 

New MIT background note on why so many essential jobs are also labeled as "unskilled"

Photo licensed from The Direct Care Worker Story Project © 2021 PHI. Photograph by Kristen Blush.

Photo licensed from The Direct Care Worker Story Project © 2021 PHI. Photograph by Kristen Blush.

The pandemic reminded us that jobs referred to as "low skilled"—in food service, long-term care, agriculture—are also essential. We began exploring the topic of skills at its origins: when did we start referring to jobs as “unskilled” and what have been the implications for wages, who performs the work, and the conditions? 

“Such jobs as Nursery School Teacher and Practical Nurse were coded as having minimal or no significant relationship to data, people, and things, while such jobs as Dog Pound Attendant were rated as functioning at a higher level of complexity.” 

A Background Note on “Unskilled” Jobs in the United States – Past, Present, and Future is now openly available in the MIT Sloan Teaching Resources Library. We hope this resource can spark discussion about the relationship between race, gender, and economic injustice. 

Download the Background Note on “Unskilled” Jobs
 
 

INSTITUTE UPDATES

Welcome to the good jobs fellows

In June 2021, we added two new members of our team: Amanda Silver and Dan Ford. As Good Jobs Fellows, Amanda and Dan will leverage their skillsets to work with GJI partner companies and grow out our strategic initiatives. You can read their bios on our team page. 

Dan.GJI
Amanda.GJI
 

GJI LEADERS FEATURED ON YOUR FAVORITE PODCASTS

GJI’s President Zeynep Ton spoke on the WorkLife with Adam Grant podcast, “Why it Pays more to Pay More,” discussing the consequences of low wages on health and productivity. When companies choose to pay more and promote from within, she explains:

“You attract a better workforce in a way that creates a high motivation for your workers, but also great experience for your customers and high productivity but also competitive upside. They can do things that their competitors cannot do. And you designed a system for excellence.”

GJI’s Executive Director Sarah Kalloch spoke on the Lean Enterprise Institute podcast, “Creating Better Jobs and Better Work,” highlighting job quality as a top priority for the “future of work”: 

“We need essential frontline workers. We need retail workers. We need farm workers. We need those meat processing plant workers to show up because they keep all of us fed and healthy, and we need to create great jobs for them. And we need to create great jobs for the companies that employ them.”

 

The Good Jobs Community

what's your good jobs story? 

Across the country and around the world, there are companies that use operational choices and investment in people to win with customers. Some are small retail businesses, others in large scale manufacturing. If a beloved business that comes to your mind, please share it with us by filling out this short form. 

Share your Good Jobs story
 

What we are reading

1. New book from Hubert Joly, former CEO of Best Buy: The Heart of Business

2. Michael Holtz in the Atlantic: "6 Months Inside One of America's Most Dangerous Industries"

3. Rita McGrath's LinkedIn Newsletter: Thought Sparks

4. Danny Meyer on The Knowledge Project : "Hospitality and Humanity"

5. Recent book from Frances Frei and Anne Morriss: Unleashed

 

Helping companies thrive by creating good jobs

Want to work together or learn more about Good Jobs Institute? Email us at info@goodjobsinstitute.org

 
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