Online Assignment Help: The face of America’s employment will change in less than a decade. By 2030, Hispanic and other minority youngsters will account for more than half of the workforce in the United States.
Despite accounting for roughly 17% of the workforce, Hispanic Americans hold just 4% of CEO positions and 6.5 % of STEM-related jobs in the United States. According to Pew Research Centre, more than half of all Hispanics in the United States work in retail, hotel, food, construction, or service industries, all of which do not require a professional degree or internship experience.
Corporations will not compete or succeed in a dynamic labor market unless they invest more in this fast-growing Hispanic population. As Hispanic Heritage Month ends in 2021, it may be time to consider where your company’s future talent will come from—and what role you should play in developing a robust mentorship program for Hispanic children.
A Problem-Solving Approach
The objective of First Workings is to help its beneficiaries—the majority of whom are Hispanic or Latinx—in overcoming cultural hurdles that sometimes prevent them from advancing in their careers. Mentorship programs paid internships, and professional development courses are also available through the organization.
Most importantly, the group assists Hispanic children in developing social capital, or the precious professional contacts that may be used to get high-level job prospects. Student-corporate cooperation is advantageous to both parties. To establish a network of contacts, youth are exposed to different sectors, businesses, and individuals. On the other hand, big firms such as Lazard, Morgan Stanley, Mintz, and others that collaborate with First Workings to offer internships and mentorships expand their talent pipelines.
Here is why mentoring Hispanic youth today is critical for the talent pipelines of tomorrow.
Mentorship Is Important
Silvia Bravo, a rising high school senior in New York City, is one of First Workings’ current mentees. She claims that this program is assisting her in pursuing a possible profession by nurturing her interest in architecture and providing an “in” to the business.
The Case for Investment
While mentoring Hispanic kids is an investment in their future, there is also a compelling commercial argument to be made. Employees and employers alike benefit from amplifying marginalized perspectives in the business sector through meaningful mentorships and internships.
Over 300 students have received paid internships (or mentorships during the Covid-19 epidemic) in their fields of interest. The organization’s launch in 2015, allowed them to acquire social capital and career readiness skills. The initiative also provides transportation and lunch stipends to program participants. Removing the financial hurdles that frequently hinder underprivileged students from seeking internships and, as a result, securing breakthrough chances.
With the United States rapidly expanding Hispanic population, businesses would be well to establish similar internship and mentorship programs. It’s not just the right thing to do, but it’s also an excellent strategy. For building a solid talent pipeline today and in the future.
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