Joined by leaders from industry, academia and philanthropy, the Bay Area Council’s Workforce of the Future Committee on Monday (Oct. 2) explored new approaches to addressing the burgeoning skills and talent gaps affecting employers’ bottom lines and workers’ livelihoods. AT&T California President and Council Executive Committee member Ken McNeely joined Mitchell Stevens, Director of Stanford University’s Center for Advanced Research through Online Learning, Don Howard, President and CEO of the Irvine Foundation, and Felix Ortiz, Founder, Chairman and CEO of Viridis Learning, for a discussion on the roles of employers, educators and job seekers in keeping up with our changing economy. The discussion also emphasized the need for interconnectedness and alignment between these entities, expanded career pathways and work-based learning opportunities, and funding of innovative efforts. Our thanks to Council member Salesforce for hosting the event.
Those in the room agreed that our region urgently needs to collaboratively implement solutions, such as industry-led partnerships with school districts, community colleges, and four-year universities, in order to see long-lasting outcomes and systems change. With the guidance of Bay Area Council members and thought leaders like those that participated in Monday’s meeting, the Workforce of the Future Committee is pursuing efforts like the Occupational Councils and the Bay Area Young Men of Color Employment Partnership to support systems change by aligning hiring needs with educational offerings, and addressing barriers to entry faced by specific historically underrepresented populations, respectively. To participate in the Workforce of the Future Committee, please contact Senior Vice President Linda Bidrossian.
“Casting a wide net” was agreed upon as a top priority by Bay Area Council member participants at the Workforce of the Future Committee’s third Employer Best Practices Workshop this week (Sept. 6) focused on Talent Pipeline Partnerships. Participants agreed that in order to connect with the talent they need to fill their open jobs, expanded outreach and relationship-building with a wide array of training and education partners would be required on their part. Best practices regarding partnership models, internal organization of pipelines, and long-term investment in future workers bubbled up as key takeaway items. Companies across industries, including utilities, transportation, and banking are facing growing needs for diverse, qualified, and loyal workers and must get creative in their workforce planning strategies. To learn more about how the Bay Area Council is supporting this creativity through our various programs such as the Best Practices Workshop series, please contact Senior Vice President Linda Bidrossian.
Gender differences in communications styles can often adversely affect women in the workplace, as men are more likely to talk more and suggest ideas in meetings while women are more likely to be interrupted and given less credit for their ideas. In fact, male executives who speak more are viewed as 10 percent more competent, while women who do the same are viewed as 14 percent less competent by their peers. To address this issue, the Bay Area Council’s Gender Equity Committee hosted an interactive Executive Presence Workshop led by member company Mandel Communications. The workshop focused on communication skills that will help women cut through this bias and position themselves as confident leaders within their companies. The Council’s Best Practices Resources Guide, released last year, highlighted executive presence and other training programs as important strategies for building gender equity within companies.
The Committee also heard about San Francisco Supervisor Mark Farrell’s new legislative proposal to boost female representation in elected office, on corporate boards, in public art, and anywhere else in public view. Only 2 out of 87 public statues in San Francisco represent real women, and this ordinance would enact a new statue of Maya Angelou as a first step in getting to 30 percent female representation by 2020. To engage in the Council’s Gender Equity work, please contact Policy Director Emily Loper.
On Tuesday (June 27), Bay Area Council Workforce of the Future Committee Chair Julius Robinson, Managing Director & Group Head, Corporate Social Responsibilities for the Americas for MUFG Union Bank, led the second peer-to-peer employer workshop focused on improve regional workforce diversity. Complementing the Bay Area Council’s Bay Area Young Men of Color Employment Partnership (BAYEP), a program to expand workforce opportunity to young men of color across the region, this workshop brought employers from Bayer, Recology, Bank of the West, Uber, and Dolby to name a few, to share best practices and develop solutions to improve workforce diversity in the Bay Area.
During the workshop, members discussed the importance of holding leadership accountable, mitigating unconscious bias, and sharing their best practices with other organizations. These companies recognize that their continued success in part lies in the diversity of thought that candidates bring to their jobs. A recent survey published by Deloitte revealed that companies with higher diversity across their workforce are 35 percent more likely to see returns above national industry medians. To further the impact of diversity, 80 percent of candidates in the US and the Bay Area consider inclusion as an “important factor to choosing an employer.”
This workshop was the second in a three-part series designed to generate best practices across industry sectors facing similar challenges to increase worked based learning, diversity, and community partnerships that all drive more talent from our communities into livable wage jobs. To engage in Workforce of the Future Committee and be part of the next workshop, please contact Senior Vice President Linda Bidrossian.
Time is running out to secure your seat at the Bay Area Council’s 2017 Outlook Conference: The Pacific Summit presented by Kaiser Permanente on Tuesday, May 23. We have assembled an incredible dais of leaders who will provide invaluable insights on the dramatic political and economic changes that are dominating the regional, state and national landscapes. Former Secretary of State Colin Powell and CNN host and global thinker Dr. Fareed Zakaria will talk about the populist forces that propelled Donald Trump into the White House and what it means for the Bay Area and California. Los Angeles Mayor Eric Garcetti will share his thoughts on how large metropolitan regions can address the massive challenges of housing and transportation. And San Francisco Chronicle Editor in Chief Audrey Cooper will lead a fascinating discussion on the great flight of millennials from our region and the trouble it bodes for our economy. In addition to hearing from these leaders, attendees will also have an opportunity to talk directly with them in small group discussions that are new to the conference this year. The conference will be held at The Presidio, affording attendees a beautiful, retreat-like setting to hear top thinking and interact with a high-level audience.
Learn about sponsorship opportunities and register today at www.bayareacouncil.org/outlook.
As the world watched the inauguration of President Donald Trump, the Bay Area Council Economic Institute’s 10th Annual Economic Forecast presented by McKinsey & Company and hosted by the Federal Reserve Bank of San Francisco convened leading economists and top experts to give their economic forecast for the Bay Area, California, and the nation.
The prognosis was clear. As we usher in the new administration, we are on stable footing. Dr. Christopher Thornberg, Founding Partner of Beacon Economics and a leading expert on the California economy, presented on a set of economic indicators, showing that much of the national political rhetoric around stagnant wages, the impact of trade, and unemployment is not borne out in the economic data. Labor markets are tight and becoming tighter across most of the United States. This is particularly true in California where the housing supply problem is one of the biggest challenges to continued growth. He also assessed that, while GDP is growing relatively slowly, it is growing and economic fundamentals, such as consumer spending, remain strong. Among the challenges cited for slow growth were self-inflcted wounds and political gridlock, a weak global economy, and the shift to an information economy among others. And, while there is little chance for a recession (for now), uncertainty surrounding the new administration’s policy agenda clouds the view forward. There are broad ramifications for potential change in policy in healthcare, immigration, social insurance, trade, manufacturing, and more.
San Francisco Fed President and Council Executive Committee member John Williams offered an exclusive perspective on the U.S. economy and federal monetary policy. Williams talked about the dynamics surrounding the U.S. labor market and how the Fed is likely to gradually increase its interest rate targets over time so that the economy grows without risking a bubble. Williams emphasized how the central bank is not influenced by partisan politics, staying politically independent, data-driven and focused on its narrow goals to promote low inflation, full employment and financial stability.
Bay Area Council Economic Institute Chair and McKinsey & Company Western Region Managing Partner Kausik Rajgopal and Aspen Institute Fellow Natalie Foster explored the “Future of the Worker” in the new age of automation and the growing gig economy. In the Bay Area, the independent workforce is 30 percent of the working age population with most digital independents working in order to earn when traditional jobs falter, to provide extra income for high cost of living or to buffer uneven income streams. One of the key points discussed was how automation is focused on specific activities rather than entire jobs, and can spur more job growth.
The Gender Equity Committee met this week to participate in an interactive discussion with Shavon Lindley, CEO of Women Evolution, which creates innovative mentorship and training programs designed to strengthen the growth potential of female employees in companies. While women make up more than half of entry level positions in Fortune 500 companies, that number quickly drops to 39 percent at mid-level, 26 percent at senior level, and only 5 percent at the CEO level. Peer mentorship programs can greatly improve employee retention rates and convert high potential women into senior roles at the company.
The Bay Area Council’s Best Practices Resource Guide, released earlier this year, identified mentorship programs as an important strategy for promoting gender equity within companies. The Gender Equity Committee — led by co-chairs Peg McAllister (Lee Hecht Harrison), Christopher Ruhl (PwC LLP), and Stuart Newton (Deloitte) — will be hosting more workshops to help companies implement the other strategies identified in the Guide, including equalizing pay, building career development opportunities, addressing unconscious bias, and more. Special thanks to PwC for hosting this meeting. To engage in the Council’s Gender Equity work, please contact Policy Manager Emily Loper.
The Bay Area Council just loves a good challenge, and there is perhaps no bigger challenge for the region than bringing some relief to the congested mess that is our transportation system. The Council’s Executive Committee, meeting at member company Facebook in Menlo Park, on Thursday endorsed a 2017 policy platform that will direct significantly more time, energy and resources to finding and implementing both short-term and longer-term solutions to the region’s grinding traffic and overwhelmed mass transit systems. The Executive Committee under the leadership of Chair Michael Covarrubias of TMG Partners also renewed the Council’s priority policy areas from 2016 that include expanding housing, closing the workforce skills gap and securing the region’s long-term water supply in the face of continuing drought and increased competition among urban, environmental and agricultural interests.
The message was clear, however, that the highest priority must be on fixing the region’s dysfunctional commute, which ranks among the worst in the country and threatens to undermine the Bay Area’s economic success. Michael Matthews, Director of California Public Policy for Facebook, emphasized the importance of commute improvement in his remarks welcoming the Council to the social media giant’s campus, saying it is a key issue for the company along with housing (just today, Facebook announced a $20 million commitment to help local nonprofit housing and rental assistance programs).
Longer commutes, slower traffic and congested mass transit are choking the region’s economic productivity and putting us at growing competitive disadvantage with other states and regions. The Council has already begun laying the groundwork for a bold and aggressive regional transportation improvement vision that will be unveiled in the coming months. In addition, the Council will be exploring new technologies that can help manage the demand side of the transportation equation, promoting the development of autonomous vehicles and continuing our work to increase the use of private commuter shuttles. Expanding public and private water transportation services will figure prominently, and builds on great progress the Council has already made to increase public ferry service around the entire bay and promote fast-emerging private water taxi services.
Housing, of course, is another area on which the Council will continue to put heavy focus. Our leadership and advocacy this year helped win passage of the only significant housing bill in Sacramento – SB 1069 to expand accessory dwelling units (also known as in-law units) — and elevate the housing issue among elected leaders who as a result are now pointing to 2017 as the year of housing. The Council also backed affordable housing measures in Santa Clara and Alameda counties that both passed last month. Stay tuned for further details on planning for our work on housing, transportation, workforce and water policy. 2017 is going to be a big year.
The Bay Area Council’s Gender Equity Committee on Thursday (Sept. 15) welcomed state Senator Hannah-Beth Jackson (D-Santa Barbara) for an invigorating discussion hosted by member company Lyft about promoting workplace cultures of equality. Sen. Jackson authored the California Fair Pay Act, landmark legislation that established the strongest equal pay law in the country and went into effect in January. More than a half century after John F. Kennedy signed the Equal Pay Act to abolish wage discrimination based on gender, women in the United States still earn on average only .79 cents for every dollar men earn. Jackson’s legislation strengthens federal regulations and marks a great step forward in closing that wage gap.
After fighting for pay equity for 35 years, Sen. Jackson attributed the success of this bill — which received unanimous approval in the Senate and nearly unanimous approval in the Assembly — to the convincing economic argument. Unequal pay costs California women $39 billion annually, which is money that could be flowing to businesses and the overall state economy. Following a welcome by Lyft Public Policy Manager Rena Davis, Sen. Jackson discussed other strategies that will produce more equitable workplaces, including promoting more women to board leadership positions and adopting family friendly policies such as paid parental leave and on-site child care.
Many of these workplace practices are highlighted in the Bay Area Council Economic Institute’s recent Best Practices Resource Guide. The Gender Equity Committee is Co-Chaired by Peg McAllister of Lee Hecht Harrison, Christopher Ruhl of PwC and Stuart Newton of Deloitte. To engage on the Council’s gender equity work, please contact Policy Manager Emily Loper.
Advancing gender equity in the workplace, especially at the C-suite and Board level, continues to be a major challenge for employers nationwide. The good news is that addressing this challenge would have a tremendous economic payoff as fully implementing gender equity best practices would increase US GDP by 10 percent by 2025 according to McKinsey & Co. To address the systemic underrepresentation of women in the workplace, the Bay Area Council Economic Institute in partnership with Jennifer Siebel Newsom’s The Representation Project today unveiled a first-of-its-kind online strategy guide for businesses - Building Gender Equity in the Workplace – assessing the economics of gender equity and providing actionable practices for businesses to meet the challenge head on.
“We’ve made progress, but it has been too slow,” said Micah Weinberg, President of the Bay Area Council Economic Institute “Gender equality in the workplace is not just a moral and social imperative; it’s a fiscal necessity to a stronger, more competitive economy.”
At today’s launch event in San Francisco, Bay Area Council Gender Equity Committee Co-Chair Peg McAllister of Lee Hecht Harrison welcomed a packed house. Following a presentation of findings by Economic Institute President Micah Weinberg, The Representation Project Founder and CEO Jennifer Siebel Newsom delivered remarks on some of the underlying issues blocking women from advancing as leaders, including unconscious bias and socialization of gender stereotypes.
The cutting-edge practices and strategies included in the guide enable businesses to take a holistic approach in evaluating their hiring practices, evaluation policies, compensation transparency, career development programming, HR policies, leadership diversity and workplace culture needed to grow the talent pool and advance women professionally. Special thanks to project lead partner The Representation Project and regional sponsors San Francisco 49ers, Intel, San Francisco International Airport, Lawrence Berkeley National Lab, Lee Hecht Harrison, Deloitte, Wells Fargo, and Suffolk Construction.
Read Building Gender Equity in the Workplace>>
To get involved in the Council’s Gender Equity policy work, please contact Policy Manager Emily Loper.