For Immediate Release
Contact: Diane Paces-Wiles
Alchemie Consulting
919-688-9133
diane@alchemieconsulting.com
Capital Analytics’ Measurement Work Supports Client’s Economic
Development Award
Greater Omaha Workforce Collaborative Receives First-Place Award from Mid-America Economic Development Council
January 22, 2010 – Durham, NC – The Omaha Workforce Collaborative, led by the Greater Omaha Chamber of Commerce, was recently awarded First Place in the Workforce Development category during the 2009 Mid-America Competitiveness Conference in Chicago. The Mid-America Economic Development Council sponsors the annual awards to recognize and stimulate the creative use of quality marketing by economic development organizations.
Capital Analytics, Inc., and its strategic ally, Bellevue University’s Human Capital LabSM, are retained by the Omaha Workforce Collaborative to measure the economic impact of its workforce development learning programs, enabling the Chamber to build a more effective system that benefits low-skilled, unemployed workers and employers with workforce needs.
Andrew Rainbolt, workforce development consultant for the Greater Omaha Chamber noted, "Comments made by the judges pointed out the Collaborative's connection to growing businesses and the effort made to measure the impact of our partnerships on those businesses' bottom lines.”
To date, the program has assisted both applicants and employees who were identified as low-skilled and/or unemployed:
- 65% of applicants are women
- The Welding program has attracted 93% men and 7% women
- 70% of applicants are non-white
- Applicant age ranges from younger than 20 to older than 70 years of age; the majority are 20 to 40 years old
- 46% of the employees hired were receiving public assistance when they entered the program
- The retention of employees who are no longer receiving public assistance since entering the program is 1.6 times greater than those who did not receive public assistance at the time of their hire
- Employees in the program are earning an average of 210% more than they were in their previous jobs
The Omaha Workforce Collaborative is a three-year initiative funded by the National Fund for Workforce Solutions. The Omaha collaborative is one of 20 throughout the country. It was created, in part, to address the Omaha metropolitan area's most vulnerable populations through enhanced employability and long-term job potential. The collaborative was established on a model for workforce development that: engages employers and workers; meets local demand in high-growth, high-demand industries; builds the capacity of workforce partnerships; and promotes the sustainability of workforce partnerships.
About Capital Analytics, Inc.
Capital Analytics, Inc. is a leading consultancy that enables organizations to measure and optimize the impact of their human capital investments. By applying business acumen and statistical science to previously “unmeasurable” initiatives—including training, leadership development, social networking, workforce planning and employee engagement—Capital Analytics enables companies to predict outcomes and make decisions with confidence.
Capital Analytics is an affiliate of Bellevue University’s Human Capital Lab, providing important research and learning for Lab partners, University graduate students, and measurement support for Bellevue University’s corporate learning partners. Learn more at www.capanalytics.com.
About Bellevue University’s Human Capital LabSM
Bellevue University's Human Capital Lab is a think tank comprised of academic and business leaders devoted to measuring the impact of learning and development investments. The mission of the Human Capital Lab is to develop innovative and valuable approaches to unlocking the long-term potential of human capital investments. The Lab currently works with Fortune 500Ò companies to evaluate the productivity of learning interventions.
The Human Capital Lab is an entity developed and supported by Bellevue University, a regionally accredited university. A leader in adult learning nationwide, Bellevue University offers learning opportunities for human capital and learning professionals who are intent on leading this industry into the next century, including a Master of Science Degree in Human Capital Management and a Ph.D. in Human Capital Management. For more information, visit www.humancapitallab.org or call 877-234-8720.
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