State Street Corporation’s partnership with Year Up began as a small IT pilot and has grown to become a multi-pronged business solution; an exemplar of how investing in local, urban talent can help businesses grow and retain the skilled, local entry-level talent to fit their hiring needs.
"Year Up is one of our strongest community based partners because they provide the pipeline of talented, trainable, enthusiastic youth for our entry-level openings."
During the labor shortage in 2005, State Street Corporation needed to identify new pipelines of talent to convert to full-time roles. State Street Corporation was looking for trainable and motivated young adults with the fundamental technical and professional skills to fill its entry-level IT and Finance positions.
After piloting their first community-based internship program with Year Up, State Street Corporation had found a new way to strengthen the community while simultaneously building a stronger local workforce for their business. Year Up has since become one of the largest sources of skilled and diverse entry-level talent in IT andFinance at State Street Corporation, with over 300 Year Up graduates hired to date.
Source: Year Up and Employment Pathways Project. State Street Corporation Case Study. 2014.