WHY TALENT DEPOT?

Ask 100 people in the United States: What's your value to society? What are your talents? Where can your talents be applied best? What will inhibit or multiply your chances for success even if you find the right occupational fit? The answers will surprise you.

The statistics show that American’s don’t know how to find the right occupational fit for them, or how to network their way into a job once they do. Because they don’t, social and welfare costs for children, parents, and communities is staggering. Unfortunately, we keep duplicating work over and over again within the private and public sector in an attempt to get people in the right jobs. Talent Depot reduces this duplication and helps recruiters find and develop talent more effectively starting at the age of 14 years old.
  •  80% of American workers say they don’t get to do what they are good at each day = 252,000,000 (Gallup, 2014)
     

  •  42% of the population declaring that they are 'struggling‘ = 132,000,000 (Gallup, 2014)
     

  •  3% declaring that they are 'suffering‘ = 9,000,000 (Gallup, 2014)
     

  •  7% of the American population unemployed = 22,000,000, and 17% underemployed = 53,000,000 (Gallup, 2014)
     

  •  52,000,000 people seeking a change in employment annually in America due to separation from their companies (Labor Statistics, 2014)
     

  •  Average duration of unemployment climbed to a high of 37.1 weeks  (The New York Times, Feb 2011)
     

  •  23.1% of Americans were recipients of welfare in 2011 = 73,000,000 (cnsnews, 2014)
     

  •  38% of all children 5 and under in the United States were welfare recipients in 2011 =  21,000,000 (cnsnews, 2014)
     

  •  1 in 6 Americans are on food stamps spending approximately $80 Billion in 2013 (SNAP)
     

  • Nationwide student loan debt is at an all-time record of $1.2 trillion (The Wall Street Journal)
     

  •  71% of all students graduating from four-year colleges had student loan debt (Project on Student Debt, 2012)
     

  •  Out of the nearly 40,000,000 borrowers, about seven million have defaulted  (17.5%) on these student debts
     

  •  53% of the young American students surveyed in 2010 (aged 10-18) are hopeful, possessing numerous ideas and abundant energy for the future. The remaining students are confused (31%) or discouraged (16%), lacking the ideas and energy they need to navigate problems and reach goals (Gallup, 2010)
     

  •  Engagement is on the decline with teachers (69% disengaged) and high school students (56% disengaged) (Why the Education Economy is the Next Big Thing for the American Workforce, 2014)
     

  •  On a national level, roughly 8,300 of American youth drop out of school each day, and over 3 million drop out annually
     

  •  8.2% of American’s age 12 or older were classified with substance dependence or abuse in the past year  = 21,600,000 (Substance Abuse and Mental Health Services Administration, 2013), another social cost.
     

  •  In 2008, over 93,000 youth were incarcerated; costing states an average of $240.99 per day - about $5.7 billion yearly.
     

  •  In 2008, the United States had between 12 and 14 million ex-offenders of working age. Because a prison record or felony conviction greatly lowers ex-offenders’ prospects in the labor market, we estimate that this large population lowered the total male employment rate that year by 1.5 to 1.7 percentage points. In GDP terms, these reductions in employment cost the U.S. economy between $57 and $65 billion in lost output. Our estimates suggest that in 2008 there were between 5.4 and 6.1 million ex-prisoners (compared to a prison population of about 1.5 million and a jail population of about 0.8 million in that same year). In 2008, about one in 33 working-age adults was an ex-prisoner and about one in 15 working-age adults was an ex-felon. An extensive body of research has established that a felony conviction or time in prison makes individuals significantly less employable. It is not simply that individuals who commit crimes are less likely to work in the first place, but rather, that felony convictions or time in prison act independently to lower the employment prospects of ex-offenders. (Schmitt, J. & Warner, K. 2010. Ex‐offenders and the Labor Market)
     

  •  The average professional athlete in the U.S. will make more in one season than most of us earn in our entire lives….[yet,] despite those staggering salaries, 78% of NFL players, 60% of NBA players and a very large percentage of MLB players (4x that of the average U.S. citizen) file bankruptcy within five years of retirement. (article)
     

  • Judge & Hurst during their 2008 study at the University of Florida found a small window to boost confidence and increase job satisfaction for life (14-23 years old)

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