The news comes courtesy of Everest Group’s Rita N. Soni, Principal Analyst for Impact Sourcing and Sustainability, at the Clinton Global Initiative 2024 Annual Meeting in New York City on September 23 and 24
Leading global research firm Everest Group is participating in the Clinton Global Initiative (CGI) 2024 Annual Meeting in New York for a third straight year, this time announcing that the industry has met their Commitment to Action (CTA) to grow impact sourcing from 350,000 FTEs to 500,000 individuals, throughout the first two years of a three-year pledge, with preliminary impact sourcing numbers for 2024 set to reach between 505,000 and 535,000.
Pledging to continue to support hundreds of thousands of marginalized individuals, Everest Group will help measure and facilitate positive outcomes, with this on-going work set to change more lives globally.
This work has included in depth research and robust enablement tools, networking to share best practices and promoting an inclusive talent strategy with enterprises, service providers, governments, non-governmental organizations (NGOs) and other ecosystem builders in collaborative efforts since 2022, to firstly meet and then surpass the initial target of 500,000.
Committed and driven to making a lasting change and a difference across the globe, having a major presence in the APAC region, as well as Latin America, the Middle East, Africa, Europe and North America, Everest Group has now gone one step further with their promise, pledging to grow the impact sourcing workforce to 1 million by 2030.
Rita N. Soni, Principal Analyst for Impact Sourcing and Sustainability, Everest Group, said:
“The technology and tech services industries are such a source of inspiration for innovatively executing impact sourcing practices across the globe and improving the lives of millions from marginalized communities.
“The added beauty of this inclusive talent strategy is that it has business benefits for the employers and their clients, the quintessential double bottom line! We are proud to be joining the 60+ companies representing every industry, located in every continent, and including every marginalized group, to really make a difference throughout.”
Several key takeaways from previous years’ work, has come in the form of seeing lower attrition and greater engagement across the board, with impact workers now more likely to engage with a business for the long-term when compared to traditionally hired workers.
Expertise has also been expanded and there are now more opportunities in the digital domain. Impact sourcing specialists, companies whose primary talent strategy is impact sourcing, are increasingly focused on data labeling and annotation services, as artificial intelligence (AI) and machine learning (ML) technology demand rises.
Furthermore, there has been a rise in higher employment rates for underserved women, people with disabilities, and un/under employed youth. At present, 56% of the impact sourcing workforce is female, and 70% are under 30 years old. Other impact workers represent rural communities, LGBTQ+, veterans, and incarcerated/formerly incarcerated people.
Everest Group’s in-depth research reveals that impact sourcing is a key strategy that has a robust business case, that furthers the United Nations Sustainable Development Goals (UNSDGs) and is a defining success in the global economy.
With Everest Group tracking, facilitating best practice sharing and providing forums for networking, discussion and debate within the public and private sector, businesses are now waking up to the idea of hiring and developing those from economically disadvantaged, socially marginalized and under-employed communities.
Real progress has been made since 2022, but to hit the target of 1 million by 2030, high-level work and support must continue! If you are interested in supporting Everest Group’s pledge to aid the growth of the impact sourcing workforce to 1 million by 2030, please contact Rita N. Soni at [email protected].
About Everest Group
Everest Group is a leading global research firm helping business leaders make confident decisions. We guide clients through today’s market challenges and strengthen their strategies by applying contextualized problem-solving to their unique situations. This drives maximized operational and financial performance and transformative experiences. Our deep expertise and tenacious research focused on technology, business processes, and engineering through the lenses of talent, sustainability, and sourcing delivers precise and action-oriented guidance. Find further details and in-depth content at www.everestgrp.com.
About the Clinton Global Initiative:
Founded by President Bill Clinton in 2005, the Clinton Global Initiative is a community of doers representing a broad cross section of society and dedicated to the idea that we can accomplish more together than we can apart. Through CGI’s unique model, more than 10,000 organizations have launched more than 4,000 Commitments to Action – new, specific, and measurable projects and programs – that are making a difference in the lives of more than 500 million people in 180 countries.
