Podcast E16: Pay-for-Success Helps Employers Find, Train, and Retain Employees

Philadelphia Works, the City’s workforce development board, Comcast, one of the region’s largest employers, and the Federal Reserve Bank of Philadelphia have partnered to pilot an innovative funding model called Pay-for-Success. Pay-for-Success aims to train Philadelphia residents for meaningful careers that pay a family-sustaining wage and correspondingly develops a viable talent pipeline for employers.

On this podcast episode of “Real Talk about Real Trends in Workforce,” Tyrone Hampton, manager of workforce system initiatives at Philadelphia Works, walks us through the new funding model, what stage of development the program is in, and outlines the projected outcomes.