CHCI Launches Towards 2030 Strategy
On April 27, 2009, CHCI launched a workforce development and pipeline strategy entitled "Towards 2030: Latinos Leading in a Global Innovation Society." Under the leadership of Chair Nydia Velázquez (NY-12) and President & CEO Esther Aguilera, The strategic plan will focus on working with national partners to provide resources for investment in a workforce pipeline that links the vast, untapped Latino talent pool to jobs in the new economy.
The United States is experiencing unprecedented shifts in technology, the economy, and demographics. Latinos are the fastest growing segment of consumers, the workforce, and the U.S. tax-base, but remain underrepresented in most sectors and at all senior levels.
To address this, CHCI has developed a strategic plan that will target four critical areas:
- leadership development program expansion
- leveraging leadership and event forums
- enhancement of employment opportunities through career resources
- national benchmarks to track Latino inclusion in pipeline and workforce development initiatives by sector and industry
The Imperative: Why is the Towards 2030 Strategy necessary?
By 2030, if projections hold, there will be 84 million Latinos living in the United States, accounting for 25 percent of the population. Furthermore, recent studies indicate that in today's global innovation economy, 90 percent of the fastest-growing and highest-paying jobs require some postsecondary education. Having a high school diploma and the skills to succeed in college and the workplace are essential.
- Yet, Latinos have a 40% high school drop out rate - that's more than four times that of non-Hispanic Whites.
- Current figures indicate that Latinos make up one out of every three new entrants into the U.S. labor force. By 2025, this number is expected to be one out of every two.
- Access to quality education and educational attainment among Latinos is necessary for the U.S. to remain competitive.
- Workforce-readiness among Latinos will directly impact the United States' ability to generate economic activity and tax revenue to care for its elderly and its poor.
- Latino leadership in government is critical to implement policies that address issues that affect the Hispanic community and in private industry as they can directly influence corporate market responsiveness, consumer behavior, and economic prosperity.
There are long-term costs to the Latino community and the country from high drop-out rates, large number of uninsured, and under-representation in leadership and key innovation and job growth sectors.
Towards 2030: Leveraging Our Position & Building Capacity
CHCI is uniquely positioned to bring together current and future leaders and open doors to success. The Institute will leverage its programs, events, partners, outreach, and Board leadership to elevate 2030 workforce development themes in to the national agenda. The future success of the U.S. is tied to the success of the Latino community.
We must prepare our workforce so that it is prepared for future job growth areas such as green jobs and technology - we must be prepared for the Innovation Economy that will drive the future economic growth of this country and the world.
In the past two years, CHCI has had more than 20,000 college and young professionals looking for opportunities apply through its online application system. These young talented Latinos come from every state in the country, represent our varied Latino ethnicities, and have backgrounds in multiple fields of study.
CHCI will work with national business leaders to impact four strategic areas:
• Grow CHCI's proven leadership development programs that directly impact the workforce pipeline for qualified, talented Latinos.
• Leverage CHCI's annual conference and other national policy forums to educate and develop new policies and partnerships to address workforce issues.
• Increase opportunities for young Latinos through the creation of a Career Link service, linking young professionals with internship and employment options.
• Benchmark and measure success in 2015, 2020, and 2030 to ensure Latino inclusion in pipeline and workforce development initiatives by sector and industry.
"The education of tomorrow's workforce begins today. As the United States experiences unprecedented shifts in technology, the economy and demographics, let's join together to place Latinos at the forefront of the green economy," said Velázquez. "New technologies hold great promise for the future of the United States. It's time to forge ahead and seize opportunities so that when 2030 arrives, young Latinos will lead, compete and succeed."
Working together we will ensure the success of the United States and the Hispanic community in 2030 and beyond.