Reaching the Next Generation of Hidden Talent
April 6, 2023
Uncovering and Cultivating Hidden Talent Series: Session 1 – Next Gen Talent
As employers, we all know that the job market has changed, which makes it harder to hire and retain quality employees.
Many job seekers and incumbent workers have more options than ever before. However, many underemployed people, particularly members of the emerging younger generation, are unaware of the employment options that exist for them in our community.
An intentional effort to uncover and cultivate hidden talent will not only help employers take a significant step forward in addressing their talent needs but will help create much needed economic mobility in our community at the same time.
This was the focus of the first session in our Uncovering and Cultivating Hidden Talent Series: Next Gen Talent.
The Gray Tsunami Is Real
With an estimated 25% of the area’s workforce retiring over the next decade, Buffalo Niagara is facing the harsh reality of the “gray tsunami,” which refers to the large number of baby boomers who are now reaching retirement age. This significant challenge cannot be met solely by attracting talent from outside the region - it is critically important to connect with and employ young people here in Buffalo Niagara.
If your hiring practices are not directed to 18–24-year-olds, you are going to lose the race for talent. Attracting young people to your organization is a powerful tool that will reap benefits now and give you a strategic advantage for years to come.
We must grow our own, primarily by tapping into the talent currently sitting on the sidelines and that includes young people. A third of the region’s K-12 students, our future workforce, are children of color and from diverse backgrounds. This reality mandates that employers think through their approach to diversity, equity, and inclusion in their workplaces as an essential component of attracting and retaining youth.
Challenges and Solutions
BNP gathered a panel of experts to discuss WNY’s 18-24 population, how to connect with them, and what will make a job opportunity stand out.
Panelists (pictured above from L to R):
- Kate Sarata, Executive Director, The Service Collaborative of WNY, Inc
- Stephanie Peete, Director of Workforce Development, Say Yes Buffalo
- Niki DaSilva, Senior Director, Programs and Policy, U.S. Chamber of Commerce Foundation
- Kenya Hobbs, Director of Community Engagement & Equity Initiatives, Buffalo Niagara Partnership
- Moderated by: Grant Loomis, Vice President | Government Affairs & Economic Development, Buffalo Niagara Partnership
The panel covered:
- The competitive advantage of connecting with this age group.
- The challenges that this demographic has in accessing employment and how employers can help job seekers by increasing awareness of these challenges.
- The need for employers to re-evaluate job requirements. Examine what is most relevant to job success. Is a bachelor’s degree really necessary?
- Regional efforts to connect youth job seekers to employers.
BNP members can watch the full video of this session in the member portal to benefit from all of the insights discussed.
This is the first in a 4-part series designed to help employers understand where to find talent and how to keep that talent for the long term.
Click here to register for Session 4: Shifting Workplace Norms | Wednesday, September 20 | 11:30 am – 1:00 pm
This series is made possible with the generous support of Bank of America.
Attracting, retaining, and promoting the right employees continues to challenge employers in every sector of the Western New York economy. As we all navigate COVID-19-related changes to the workplace, new workforce development and advancement tools will be needed to move our region forward.
The New York State Department of Labor announced a forthcoming increase in the minimum wage across upstate New York.
On December 31, the minimum wage in our region will rise to $13.20 per hour, a 70-cent increase from the current rate.