TALENT DEVELOPMENT
Globenewswire | May 29, 2023
Lincoln Educational Services Corporation, a leading provider of specialized technical training, including automotive technology, the skilled trades, healthcare, IT, culinary, and cosmetology has been included in the preliminary list of additions to the annual reconstitution of the broad-market Russell 3000® Index. The list including Lincoln was posted to the FTSE Russell website following the close of the U.S. markets on May 19, 2023. The annual reconstitution is effective as of the U.S. market open on June 26, 2023.
Lincoln Tech is one of the nation’s leading technical schools focusing on career skills training. The school has been providing workforce solutions for employers, ranging from small independently owned businesses to large international corporations, for over 75 years. “Lincoln continues to play a critical role in helping to address the tremendous skills gap that our country is facing,” says Scott Shaw, Lincoln Tech’s president and chief executive officer. Shaw adds, “Our graduates move into jobs that have been deemed essential and contribute to the economic growth of companies and communities. We’re very proud to be included in this list.”
Membership in the Russell 3000® Index means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as in the appropriate growth and value style indexes. The Russell 3000® Index encompasses the 3,000 largest U.S.-traded stocks by objective, market-capitalization rankings, and style attributes. Membership in these indexes is updated annually and remains in place for one year.
The Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1 trillion in assets are benchmarked against Russell's U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
About Lincoln Educational Services Corporation
Lincoln Educational Services Corporation is a leading provider of diversified career-oriented post-secondary education. Lincoln offers recent high school graduates and working adults career-oriented programs in five principal areas of study: automotive technology, health sciences, skilled trades, business and information technology, and hospitality services. Lincoln has provided the workforce with skilled technicians since its inception in 1946.Lincoln currently operates 22 campuses in 14 states under four brands: Lincoln Technical Institute, Lincoln College of Technology and Euphoria Institute of Beauty Arts and Sciences. Lincoln also operates Lincoln Culinary Institutes in both Maryland and Connecticut.
About FTSE Russell
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $20.1 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. FTSE Russell is wholly owned by London Stock Exchange Group.
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CORPORATE LEARNING SYSTEMS
PRnewswire | May 16, 2023
General Assembly (GA) today announced the launch of GA Talent, a new division created within global talent solutions provider LHH to close persistent skill gaps as demand for tech talent increases across a range of industries. GA Talent's flagship solution, known as Recruit-Train-Deploy (RTD), is designed to help businesses build stronger and more diverse tech talent pipelines while also creating new pathways into resilient, high-wage roles for aspiring tech workers.
"Business leaders today are facing an economic landscape defined by uncertainty. But one thing that's clear is that the old methods of recruitment and talent acquisition aren't working," said Roger Lee, Chief Sales and Marketing Officer at General Assembly. "As market demands fluctuate and the economy continues to shift, we're launching RTD to meet businesses where they are, and to unlock opportunities for tens of thousands of workers with the skills to succeed in high-demand tech roles. This is about helping tech talent leaders look outside traditional talent pools to not just find and recruit competitive tech candidates at scale — but also equip them with the skills needed to succeed in a changing world of work."
According to GA's recent "State of Talent Acquisition 2023" report, more than nine in 10 tech hiring managers are not completely confident that their current approaches to recruiting and hiring will be enough to fill open roles in fields like software engineering, data analytics, and UX design. GA and LHH are launching the RTD solution to address this challenge head-on, providing employers with new hiring systems that can reduce costs and fill more specialized junior tech roles from a large and fast-growing talent pool.
GA Talent will fully harness the power of GA's parent company, The Adecco Group, by bridging GA's industry-leading tech training models with cutting-edge Recruitment Solutions from global talent solutions provider LHH. Drawing on decades of combined experience sourcing, training, and deploying talent into higher-paying technology jobs, the two companies will play an active role in connecting companies with reliable pipelines of junior tech talent; improving performance and retention rates through mentorship and training aligned with each client's tech stack; and saving financial resources with more flexible and scalable onboarding and talent management processes.
At a time of declining college enrollment, GA Talent's Recruit-Train-Deploy solution will enable employers to look outside an increasingly limited university graduate pool for non-traditional, new-to-technology talent by connecting them directly to approximately 5,000 new graduates per year as well as GA's global community of nearly 100,000 alumni. Candidates will be directly deployed to employers on a 12-18 month contract basis, during which GA and LHH will cover all HR costs and processes – including benefits, competitive hourly pay, holiday pay and sick leave, as well as coaching services for talent over the course of their contract – streamlining and speeding up the process of vetting, onboarding and retaining new talent.
"Amidst growing demand for workers with technology skills, even outside of traditional tech industries, GA is doubling down on its commitment to connecting employers with job-ready, diverse junior talent," said Shannon Adams, Global Head of Client Solutions for GA Talent. "By bringing together GA's best-in-class technology training with LHH's leading-edge recruiting solutions, we're taking an entirely new approach to helping companies build their future workforce while also expanding access to opportunities for career and economic mobility."
About General Assembly:
Since 2011, General Assembly (GA) has launched the technology careers of tens of thousands of diverse individuals and cultivated emerging tech talent pipelines for hundreds of the world's leading employers. As featured in The Economist, Wired, and The New York Times, GA offers bootcamps, digital upskilling, apprenticeships, and other career onramps into today's most in-demand jobs in web development, data, design, and more. Part of global HR solutions giant The Adecco Group, GA has become a leading provider of world-class technical training, equitable job opportunity, and social impact. GA has been recognized as one of Deloitte's Technology Fast 500, and a Fast Company World-Changing Idea, as well as the #1 Most Innovative Company in Education.
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TALENT DEVELOPMENT
Businesswire | May 17, 2023
Watermark, a leading provider of software solutions for higher education, announced today a strategic partnership with Lightcast, a global leader in labor market data, analytics, and expert guidance. This collaboration will empower higher education institutions to make better-informed strategic planning and program review decisions by seamlessly integrating labor market data directly into Watermark's Planning & Self-Study software.
The partnership's goal is to bring the valuable labor market data already available in Lightcast Analyst directly to those charged with making critical decisions on the viability of program offerings.
With the partnership, Watermark will begin offering the Market Landscape Data Pack as an add-on to Watermark's Planning & Self-Study software, an award-winning solution which facilitates continuous improvement processes such as strategic and assessment planning, program review, and accreditation reporting. The data pack will provide institutions with the ability to understand their market landscape and ensure program relevance by providing curated labor market data points to the right people involved in the program review process at the right time.
Furthermore, institutions using both Watermark and Lightcast products gain significant advantages with a more efficient program review process and abilities to deep dive into opportunity areas using Lightcast Analyst or other Lightcast offerings such as Skillabi and Alumni Pathways.
"We are thrilled to partner with Lightcast to equip higher education institutions with the crucial data they need to make informed decisions benefiting their students and programs,” said Erin Shy, CEO of Watermark. “As labor market data becomes increasingly important in higher education, our partnership with Lightcast will enable institutions to integrate this crucial information into their planning and program review processes, ultimately leading to more successful outcomes for their students."
Formed in 2021 after the merger of Emsi and Burning Glass, Lightcast is a global pioneer in labor market data and analysis committed to connecting individuals with the right skills and jobs in the right places. With over two decades of experience and a client base of 1,500 organizations worldwide that serve learners and institutions (including colleges, universities, associations, ed tech firms, and more), Lightcast collects real-time data from over 50,000 sources daily. Combining this data with curated input from various statistical sources offers comprehensive insights into occupations, skills in demand, and career pathways. Lightcast helps businesses, communities, and educational institutions make informed decisions in the fast-changing world of work.
"Our partnership with Watermark is an exciting opportunity to further our mission of providing higher education institutions with the data they need to serve their students better,” said Chris Kibarian, CEO of Lightcast. “By integrating our labor market data directly into Watermark's software, we can help institutions save time, increase consistency and trust, and make more informed decisions about their programs and strategic planning."
Watermark and Lightcast are committed to helping higher education institutions navigate the ever-changing labor market landscape and adapt their programs and strategies accordingly. This initial offering marks the beginning of a strong collaboration focused on solving the critical challenge of delivering the right data to the right people for better decision-making in higher education.
About Watermark
Watermark advances educational impact by developing innovative technology that educators and institutional leaders can trust. Supporting over 1,700 higher education institutions worldwide, Watermark launched in 2018 following the merger of Taskstream, Tk20, and LiveText — three of the leading providers of assessment management technology in the industry – with Digital Measures, EvaluationKIT, and SmartCatalog. Aviso Retention joined the Watermark family in 2020. With solutions in the areas of assessment and accreditation management, faculty activity reporting, course evaluations and surveys, curriculum and catalog management, and student success and retention, Watermark’s more than 400 team members are committed to helping colleges and universities operate more strategically and effectively to maximize the impact they have on their students and communities.
About Lightcast
Lightcast provides trusted global labor market data, analytics, and expert guidance that empowers communities, corporations, and learning providers to make informed decisions and navigate the increasingly complex world of work. With a database of more than one billion job postings and career profiles, Lightcast delivers best-in-class customer service with robust data, clear analysis, and expert guidance on skills, jobs, and opportunities.
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