Why America Inc is openingup to ex-convicts as recruits
SummaryWhat began as a social justice idea is now a workforce imperative
JP Morgan Chase chief Jamie Dimon has been preaching the benefits of hiring people with criminal records for years. But with the whiplash effect of the pandemic spawning complaints of labour shortages across the US, more companies are buying into the idea. Dimon is teaming up with Craig Arnold, the chief executive officer of Eaton Corp, to co-chair an initiative that aims to foster employment opportunities for Americans with criminal records and offer a forum for member firms to share resources and advice. Other participants in the Second Chance Business Coalition include Union Pacific Corp, Best Buy, Microsoft, General Motors, Bank of America, McDonald’s and Walmart. It’s a who’s who of Corporate America. In total, the nearly 30 publicly traded members have a combined market value of $6.8 trillion—enough to make a real difference.