Fast Forward Analytics LLC
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In his role overseeing a charitable trust Fast Forward Works’ CEO and co-founder, Greg Hambrick had information about communities’ needs and access to services. Many lived below the poverty level and were in extreme need of food, clothing, adequate shelter and child care assistance. The nonprofits Greg funded stepped in to meet these basic needs. They also provided education and job training, which are proven ways to break the cycle of poverty.
He was pleased that many people took advantage of education and job training services.
However, as he dug deeper, the dynamics didn’t feel right.
First, many organizations focused their employment training on generic soft skills aimed at “winning the interview” rather than helping candidates identify and attain jobs matched to their individual skill sets.
Second, many individuals, including those with criminal records, were in and out of employment, holding very diverse jobs while employed.
The initial result of job training was that the majority of participants (about 65%) found jobs, which sounded great. However, they rarely found the right job, and in less than a year, many had lost their employment–often due to a mismatch in placement rather than actual underperformance.
A huge gulf existed between the employers struggling to find and keep bona fide candidates and the throng of smart, determined, and talented people in these communities–people who wanted to work and remain employed–yet who were discouraged by a system that was supposed to help them.
He knew there had to be a better way to match the job skills of candidates with the needs of employers in a scalable, cost-efficient way. An elite team of neuroscientists, mathematicians, and technology experts was assembled to find solutions. After months of research, experimentation and field testing, the team created a cloud-based prototype software that efficiently captures the individual skills and dispositions associated with most jobs.