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Future of Work

Future of Work

Work plays an important role in each of our lives – but beyond paying bills and putting food on the table, work shapes our identities and connects us to one another through everyday interactions. For most Americans “work” is a basic social contract between a worker and employer. In exchange for your labor, your employer trains you, pays you, manages your taxes and health benefits, and helps you save for retirement. A decade ago, just under 90% of Americans had ‘traditional’ jobs.

 

Today, only 60% of Americans have this arrangement–and the number of workers with a single, full-time employer is decreasing. According to a 2015 Government Accountability Report, roughly 40% of the U.S. workforce can be classified as “contingent workers” – those employed on a non-permanent basis as freelancers, temporary workers, and contractors.

 

While there are 5.6 million job openings in the U.S. and approximately 7.8 million people looking for work, employers claim they can’t find good people. Additionally, the on-demand economy is creating new opportunities for particularly low-wealth workers to access employment – but these jobs often come without the standard benefits of traditional, full-time jobs. The contingent workforce often struggles to gain access to affordable health insurance, and efficiently manage taxes and retirement savings.

 

On November 29th, Village Capital in partnership with The Hitachi Foundation will hold a summit that brings together entrepreneurs, investors, and thought-leaders to explore strategies and the market potential of entrepreneurs improving the lives of underserved workers. The forum will highlight 12 ventures from across the U.S. providing ‘workforce services’ to low-wealth and underserved workers through: training and accreditation, portable benefits, innovation in talent matching, and money management services. 

 

Please note – applications will close October 31st

PROGRAM OVERVIEW

Program Details

The “future of work” is one in which the old social contract has disappeared–especially for low-wealth Americans–and to ensure economic prosperity for all, we need to imagine a replacement that works for all. But right now, as we look to the future of work, we see problems. We are recruiting entrepreneurs that provide ‘workforce services’ to low-wage workers and participants of the on-demand economy, such as:

  • New and innovative forms of hiring and human resources
  • New mechanism for skill or knowledge accreditation
  • Financial Technology and tools for small to medium sized businesses
  • Providing innovative work benefits for the 21st century workplace
  • Enabling a more inclusive future workforce though less biased recruitment
The participating companies will have the opportunity to work with sector experts, grow their networks, meet investors, and win up to $10,000 in prizes.
Eligibility Requirements

 

Geography: We are recruiting from across the United States.

 

Stage: We are looking for entrepreneurs that have a minimum viable product and meaningful customer validation.

 

Event Details:

 

November 29th, 2016

 

Registration (8:30 a.m – 9:00 a.m)

 

Human Capital Workshop (9:00 a.m. – 11:45 p.m)

 

Lunch (11:45 p.m. – 12:30 p.m.)

 

Investor Forum (12:30 p.m. – 2:30 p.m.)

 

Panel and Working Group Discussion (2:45 p.m. – 5:00 p.m.)

 

Reception and Cocktail (4:30 p.m. – 6:30 p.m.)

 

 

Venue:

 

Washington D.C. – TBD

 

Specific venue Information to follow

COMPANIES

2020 Shift

2020Shift offers short form classes and workshops and part-time courses that help people get from A to B without breaking the bank for the experience.

Acrew

For employers and job seekers in high-turnover industries, Acrew is an on-demand hiring platform that connects the two via brief videos

Blendoor

Blendoor is a blind recruiting app that hides candidate names, photos, and dates to mitigate unconscious bias in hiring.

Care Academy

Caregivers with varying levels of education take our online classes that are specifically targeted to help caregivers enter the field and work with clients.

Game Plan Jobs

Gameplan uses machine learning and knowledge graph technologies to assist employers with finding the best candidates, often overlooked by recruiters.

HYR

Hyr's innovative mobile platform uses AI to connect traditional companies with skilled independent labor to fill hourly paid shift work, on-demand.

In Return Strategies

InReturn Strategies is an SaaS platform allowing for businesses to easily and profitably engage people with disabilities as a resource and market.

Moonlighting

Moonlighting is the first mobile, on-demand hiring exchange enabling 250,000 freelancers & small business owners to hire or be hired.

Skill Scout

Skill Scout changes how companies and candidates experience each other by transforming job descriptions into behind the scenes videos and hands on work samples.

Stellar Employ

Our technology filters and recommends candidates for hourly jobs; our clients have a 20% reduction in turnover and 10% increase in sales.

Vocoli

Through pulse surveys, Vocoli drives vertical communication within organizations to discover the voice of their workforce.

WorkAmerica

WorkAmerica connects education to employment for students and graduates of community and technical colleges.

WorkIt

WorkIt provides people working in low wage jobs with AI augmented peer support around workplace challenges

PARTNERS