E147: Philadelphia Works- Pay-for-Success Helps Employers Find, Train, and Retain Employees
Philadelphia Works, the City\u2019s workforce development board, Comcast, one of the region\u2019s largest employers, and the Federal Reserve Bank of Philadelphia have partnered to pilot an innovative funding model called Pay-for-Success. Pay-for-Success aims to train Philadelphia residents for meaningful careers that pay a family-sustaining wage and correspondingly develops a viable talent pipeline for employers. \xa0
On this podcast episode of \u201cReal Talk about Real Trends in Workforce,\u201d Tyrone Hampton, manager of workforce system initiatives at Philadelphia Works, walks us through the new funding model, what stage of development the program is in, and outlines the projected outcomes.\xa0 \xa0