Opportunity At Work Inc

SEE PART III, LINE 1.

OPPORTUNITY@WORK'S MISSION IS TO REWIRE THE LABOR MARKET FOR THE 70+ MILLION WORKERS IN AMERICA WHO ARE SKILLED THROUGH ALTERNATIVE ROUTES (STARS) INSTEAD OF A BACHELOR'S DEGREE. BY ENGAGING EMPLOYERS TO EXPAND ACCESS TO THRIVING-WAGE CAREER PATHWAY JOBS TO STARS TALENT, ORGANIZATIONS WILL FIND SKILLED TALENT, SUPPORT ECONOMIC MOBILITY AND ACHIEVE GREATER RACIAL EQUITY IN THEIR WORKFORCE. OPPORTUNITY@WORK ENGAGES CORPORATE, TECHNOLOGY, PHILANTHROPIC, EDUCATION, AND WORKFORCE PARTNERS TO DIRECTLY ADDRESS THE BARRIERS THAT STARS FACE THROUGH: - ESTABLISHING THE STARS TALENT CATEGORY - MANY EMPLOYERS ARE UNAWARE OF THE SKILLS, SCOPE, AND VALUE OF THE MILLIONS OF WORKERS WITHOUT A (CONTINUED ON SCHEDULE O)BACHELOR'S DEGREE, WHO GAINED THEIR SKILLS THROUGH PATHS LIKE MILITARY SERVICE, CERTIFICATE PROGRAMS, COMMUNITY COLLEGE, OR ON-THE-JOB LEARNING. THROUGH THE STARS INSIGHTS INITIATIVE & STARS RESEARCH COMMUNITY, THE STARS POLICY PROJECT, AND THE STARS NATIONAL NARRATIVE CAMPAIGN, OPPORTUNITY@WORK AIMS TO ESTABLISH STARS RECRUITING ALONGSIDE CAMPUS RECRUITING AS A VITAL SOURCE OF EXPERIENCED AND SKILLED TALENT. IN 2022, OPPORTUNITY@WORK RELEASED GROUNDBREAKING RESEARCH AND LAUNCHED A NATIONAL CAMPAIGN IN PARTNERSHIP WITH THE AD COUNCIL AND 30+ CORPORATE AND WORKFORCE PARTNERS.- BUILDING SKILLS-FIRST HIRING WORKFLOWS & TECHNOLOGY INFRASTRUCTURE - STARS AND THEIR SKILLS ARE CURRENTLY OVERLOOKED BY TRADITIONAL JOB SEARCH TOOLS AND METHODS. THROUGH THE STELLARWORX TALENT MARKETPLACE, WE'VE CREATED A "ONE-STOP SOURCE" OF STARS AND JOBS FOR STARS TO SUPPORT EMPLOYERS TO MORE EFFECTIVELY SOURCE SKILLED TALENT AND STARS TO MATCH WITH EMPLOYERS INTENTIONALLY SEEKING STARS TALENT. WITH THOUSANDS OF STARS AND HUNDREDS OF EMPLOYERS IN 6 STATES, THE STELLARWORX PLATFORM IN 2022 HAS BEGUN PURSUING A MULTI-YEAR NATIONWIDE EXPANSION STRATEGY ALONGSIDE SEVERAL PARTNERS IN THE WORKFORCE AND TALENT TECHNOLOGY SPACE.- DESIGNING & DEPLOYING NEW SOLUTIONS FOR EMPLOYERS AND STARS - THE CURRENT LABOR MARKET DOES NOT PROVIDE AMPLE PATHWAYS AND SUPPORT FOR STARS AND EMPLOYERS ARE EARLY IN THEIR JOURNEY TO HIRE AND ADVANCE STARS AT SCALE. OPPORTUNITY@WORK SEEKS TO MAINSTREAM STARS HIRING BY RELEASING A SET OF DECISION SUPPORT TOOLS AND MODELS. IN 2022, OPPORTUNITY@WORK RELEASED A SERIES OF STARS REGIONAL DASHBOARDS, POWERED BY OPPORTUNITY@WORK'S STARS MOBILITY DATA MODEL, TO SUPPORT EMPLOYERS IN BUILDING DATA-DRIVEN STARS TALENT STRATEGIES. THROUGH OUR STARS INNOVATION ENGINE-OUR IN-HOUSE STARS-CENTERED DESIGN STUDIO-WE ARE IDENTIFYING THE BARRIERS THAT STARS AND EMPLOYERS FACE AND RAPIDLY PROTOTYPING SOLUTIONS WITH STARS, EMPLOYERS AND WORKFORCE ECOSYSTEM PARTNERS. BY ESTABLISHING THE STARS TALENT CATEGORY, BUILDING VITAL SKILLS-FIRST DATA & TECHNOLOGY INFRASTRUCTURE, AND DEPLOYING NEW SOLUTIONS, OPPORTUNITY@WORK AIMS TO ACCELERATE THE HIRING OF THE 70M+ WORKERS WHO ARE STARS INTO CAREER PATHWAY MIDDLE-WAGE JOBS AND IN DOING SO, WILL CATALYZE THE REWIRING OF THE U.S. THE LABOR MARKET SO IT WORKS FOR ALL WORKERS, NO MATTER HOW THEY HAVE DEVELOPED THEIR SKILLS.TOGETHER WITH PARTNERS, WE'RE PILOTING NEW FLEXIBLE FINANCING MODELS FOR STARS TO HELP REMOVE UP-FRONT COST BARRIERS AND REDUCE THE RISK OF INVESTING IN TRAINING.

TALENT FINANCING SOLUTIONS:WE USED TWO PILOTS TO TEST INNOVATIVE FINANCING MECHANISMS (IN THIS CASE, INCOME SHARE AGREEMENTS), TRACKING REPAYMENT METRICS AFTER TRAINING TO HELP US AND THE WORKFORCE DEVELOPMENT FIELD TO BETTERUNDERSTAND THE SCALABILITY OF TRAINING AND SUSTAINABILITY FOR DIFFERENT FUNDERS/INVESTORS.PROGRAM SERVICE ACCOMPLISHMENTS: BOTH THE PILOTS WE LAUNCHED INCREASED ACCESS TO TECHNICAL TRAINING AND CREDENTIALING FOR PEOPLE FROM LOW INCOME, LOW CREDIT BACKGROUND TO FINANCE THEIR EDUCATION AND TIE THE FINANCING OF THEIR TRAINING TO CAREER OUTCOMES.