At JPMorgan Chase, we believe we have a unique and fundamental responsibility to help our clients and communities navigate a complex global economy and address their economic and social challenges. We use our strength, global reach, expertise, relationships, and our access to capital to make a positive impact in cities around the world. And every year, JPMorgan Chase and our employees donate significant amounts of time and money to help local charities.
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In Australia and New Zealand, the firm works with a number of partners that have programs focused on helping youth and young adults to acquire the knowledge, skills and experiences needed to obtain jobs, as well as well as programs that help employers access skilled employees.
J.P. Morgan will continue its long term partnership with Australian Business and Community Network (ABCN) to deliver the InRoads program, which will provide 160 students aged 16 and 17 years from low socio economic status schools in areas where youth unemployment is highest with employability skills and pathways to employment in the areas of Science, Technology, Engineering and Maths (STEM). The program will also provide employers with a pipeline of work-prepared young people.
Through Social Ventures Australia, J.P. Morgan will provide a grant to the Beacon Foundation, a national non-profit organisation working in more than 110 secondary schools and a range of industry partners, to fund Real Futures Generation, a place-based and community driven work readiness program. The program introduces wide-ranging industry and career options to students living in low socio-economic status high needs communities while also developing their pre-employment capacity and work readiness skills. The program will introduce 700 students to possible career options, create a workplace experience for 200 students, 120 of them will take part in employability training and 50 young people will be placed in employment. The program will also provide training to 45 teachers so they have a better understanding of the career options available to students.
Addressing the fast growing rate of youth unemployment in Australia, J.P. Morgan and Social Traders, a national non-profit social enterprise development organisation, will work to rapidly build a pipeline of investment ready social enterprises in New South Wales over the next 18 months. Four investment-ready enterprises will be selected to participate in Social Traders’ successful start-up incubator program, ‘The Crunch’. Established in 2008, Social Traders helps social enterprises start-up, sell and grow. The organisation works to build business capability of start-ups and early stage enterprises, invest in a small portfolio of start-ups, and open markets for social enterprise products and services with corporates, government and consumers.
CareerTrackers is a national non-profit organisation that creates private sector internship opportunities for Indigenous university students. CareerTrackers works with 86 employers and 37 universities across Australia.
CareerTrackers recruits pre-professional Indigenous university students and links them with private sector employers to participate in a multi-year paid internship.
J.P. Morgan’s partnership with CareerTrackers increases the organisation’s capacity to provide employment opportunities. An additional 125 Indigenous university students will be able to participate in the CareerTrackers programme in 2014-2015, taking the total to 575 students.
Students perform their internship with a sponsoring company with the aim of gaining full-time employment upon completion of their degree program.
In addition to making long-lasting placements CareerTrackers provides a wide spectrum of support to help prepare students for leadership in the workplace and the community.
One of CareerTrackers’ main aims is to create private sector career pathways, exposing Indigenous Australians to career opportunities that have traditionally been unknown or inaccessible.
In New Zealand, J.P. Morgan supports the Foundation for Youth Development and the expansion of its Career Navigator Programme in the Porirua district of Wellington. Career Navigator is a ready-for-work programme designed around three modules: career mentoring, experiential workshops and career pathways events. The school-based ready-for-work program helps secondary school students make informed decisions about their future by providing mentors and workshops to expose students to the job market and understand their employment options.