Together we can bring jobs to those who are often overlooked: women, youth, those living in rural regions and forgotten towns, LGBTQ+ communities, people with disabilities, and others burdened by discrimination, inequity, and/or systemic poverty.
September 22, 2022
In the September 2022 Clinton Global Initiative Meeting This week, former President Bill Clinton recognized Everest Group’s “Commitment to Action,” a proposal to “Enable inclusive talent models in the global service industry.” Everest Group is committed to dramatically increasing the impact sourcing workforce, connecting hundreds of thousands of underserved people with new jobs, providing research and enablement tools, sharing best practices, and engaging businesses, service providers, governments and non-governmental organizations (NGOs) in collaborative efforts. Everest Group’s commitment to action is to grow the impact sourcing market from its current level of 350,000 FTEs to half a million in three years.
Impact Sourcing is when organizations intentionally hire and provide career development opportunities to people from underserved communities while meeting their business goals. Impact sourcing workers come from groups that are economically disadvantaged, socially marginalized, underemployed/unemployed, and/or have other unique factors that have excluded them from decent livelihoods. Unemployed women and youth make up the largest segments of the impact sourcing workforce.
Globally, companies are desperately looking for talent sources that are highly engaged, stable and offer quality work with low attrition rates. Meanwhile, governments and social development agencies are eagerly trying to enable decent work and livelihoods to help economically excluded communities. The impact sourcing concept emerged at the intersection of these two needs.
Lifting up marginalized communities and fighting poverty with Impact Sourcing
Everest Group’s Commitment to Action focuses on three stakeholder groups: employers or service providers, companies that purchase their services, and enablers. Enablers are organizations that provide support and incentives by designing work readiness programs and influencing policies and regulations. Everest Group is committed to promoting and tracking the Impact Sourcing inclusive talent model with robust research; provide enabling tools and practical guides for employers and buyers; engage enablers; and share best practices.
“Everest Group has already enlisted the support and committed partnerships of more than 30 employers, service providers and key organizations globally to join in a collaborative effort to improve lives through impactful sourcing and to find a way to double the number of impact workers in three years,” said Rita Soni, Principal Analyst for Impact Sourcing and Sustainability at Everest Group. “Being recognized as a Clinton Global Initiative ‘Commitment to Action’ and receiving promotional support from the CGI will help us expand this network and ultimately impact more lives. Together we can bring jobs to those who are often overlooked: women, youth, those living in rural regions and forgotten towns, LGBTQ+ communities, people with disabilities, and others burdened by discrimination, inequity, and/or systemic poverty. And the win-win is that our research shows that impact workers, employers and buyers all benefit from working together.”
CGI’s September meeting brought together business, government and philanthropic leaders to take collaborative action to create a better future for a world hungry for hope. Topics addressed included global health challenges, climate change, clean energy transitions, poverty, food insecurity, mental health, and unequal access to economic resources, health care, and education. Soni attended the event to share the company’s impact sourcing research and encourage collaboration and participation in its impact sourcing initiatives.
About the Clinton Global Initiative (CGI)
Established in 2005 by President Bill Clinton, the Clinton Global Initiative (CGI), an initiative of the Clinton Foundation, brings together world leaders to create and implement solutions to the world’s most pressing challenges. The CGI Annual Meetings have brought together more than 200 current and former heads of state, more than 20 Nobel laureates, and hundreds of leading CEOs, foundation and NGO heads, leading philanthropists, and members of the media. To date, members of the CGI community have made more than 3,700 action commitments, which have improved the lives of more than 435 million people in more than 180 countries. For more information, visit clintonglobalinitiative.org and follow us on Twitter @ClintonGlobal and Facebook at facebook.com/clintonglobalinitiative.
About Everest Group
Everest Group is a research firm focused on strategic IT, business services, engineering services and sourcing. Our research also covers the technologies that drive those processes and functions and related talent trends and strategies. Our clients include leading global companies, service and technology providers, and investors. Clients use our services to guide their journeys to maximize operational and financial performance, transform experiences and drive high-impact business results. Details and detailed content are available at http://www.everestgrp.com.
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