JP Morgan CEO Jamie Dimon spoke with “60 Minutes” in regards to his “YearUp,” a program created to give underprivileged, at-risk youth a one year “job boot camp, “during which they learn either computer technology or financial service skills.
Members of the “YearUp” program also learn valuable skills including resume writing, networking, interview practice, how to earn more money and the importance of punctuality and professionalism in the workplace.
The “60 Minutes” segment was both heartbreaking and inspiring, and Mr. Dimon stated that poor hiring choices are the largest expense that most businesses incur. This is preaching to the choir for a Recruiting firm, but a sound message nonetheless.
By preparing these highly motivated young people for an opportunity on Wall Street, which they otherwise may never have had, he is not only helping the youth but solving a key talent gap issue at the internship level for these Fortune 500 companies.
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