Prompt Cast
Upskilling in the Workforce: Guild Education's Impact and Challenges
TLDR Guild Education, led by CEO Rachel Carlson, addresses the need for upskilling in the workforce by connecting employees with educational opportunities paid for by employers. Despite challenges during the pandemic, Guild Education has seen a resurgence in companies embracing upskilling initiatives, particularly for underrepresented minorities.
Timestamped Summary
00:00
The need for upskilling has accelerated for individuals, companies, and the overall economy, with company-sponsored digital classes being seen as a key solution in the war for talent.
04:25
Rachel Carlson, CEO of Guild Education, discusses the acceleration of remote education during the pandemic and highlights the success of non-traditional students seeking skills and economic mobility through online programs.
08:18
Guild Education aims to address the need for upskilling and reskilling in the workforce by connecting employees with educational opportunities through employers who pay for the courses, benefiting both recruitment and retention.
12:03
Guild Education faced challenges during the pandemic as companies put upskilling initiatives on hold, but has seen a resurgence due to the growing awareness of the need to upskill employees for the future of work.
15:46
Guild Education has seen a surge in companies embracing upskilling initiatives, particularly for underrepresented minorities, following events like George Floyd's murder and the Black Lives Matter movement.
19:36
Companies like Waste Management are revolutionizing education by offering fully paid education not just for employees, but also for their spouses and children, recognizing the importance of upskilling for future generations.
23:20
Guild Education initially had to hustle to get big companies like Chipotle, Walmart, and Disney on board with their upskilling programs, facing more challenges with universities due to age and experience requirements, but now focuses on ensuring positive ROI for businesses while ultimately aiming to upskill 100 million Americans in need.
27:08
Guild Education is paid for their technology and services by partners, who benefit from cost savings by cutting out digital marketing, while focusing on working with innovative nonprofit universities that prioritize online learning for access and outcomes.
30:51
Guild Education focuses on upskilling every employee, especially frontline workers, through programs like Guild for Guilders, aiming to provide economic opportunities through education and training.
34:37
Guild Education CEO Rachel Carlson emphasizes the importance of upskilling and education for economic opportunities and workforce development.
Categories:
Business
