Future of Work Updates

On November 6-7, Federal Reserve Bank of Philadelphia, City of Philadelphia, Chamber of Commerce for Greater Philadelphia, and Drexel University joined forces to host a Business innovations for the Future of Work event focused on how to build the workforce of the future. Speakers discussed what businesses can do now to promote a more inclusive, resilient workforce, with much of the discussion focusing on solutions to potential problems with automation and the future of work. The summit was a unique cross-sector convening of key stakeholders, thought leaders, and innovators to think critically about what the future of work means for the economic well-being of Philadelphia.

Day One: Making the Investment Case
Day one featured speakers such as Mayor Jim Kenney; Drexel University President, John Fry; President and CEO of Federal Reserve Bank of Philadelphia, Patrick Harker; and CEO of Philadelphia Works, H. Patrick, Clancy, to name a few. Speakers and panelists discussed in-depth topics in the following sessions: Rethinking Workforce Investments, Measuring ROI: The Real Cost to Employers, Spotlight on Local Partnership, and How Philadelphia businesses are leading for change. PIDC’s Chief Strategy and Communications Officer, Anne Nevins, served as a panel moderator for the latter.

Day Two: Understanding Business Innovations
Day two featured various sessions on the topic of business innovations for the future of work, including Innovations in Hiring and Onboarding: Find the Talent Hidden in Plain Sight, Innovations in Upskilling: Leverage the Adaptability of your Workforce, Innovations in Talent Retention: Putting the Human back in Human Capital, as well as a breakout solutions session. Speakers included Senior Program Manager of IBM, Charlotte Lysohir; Vice President of Workforce Development at Amazon, Ardine Williams; Vice President & Charitable Foundation Program Manager of TD Bank, Erinn Corbett-Wright; and many more.

PIDC and ULI Philadelphia have been convening a Steering Committee over the last two years on the impacts of the Future of Work on Land Use and Commercial and Industrial Real Estate. The group serves to provide insight and/or recommendations specifically related to:

  1. Nurturing the growth of the life sciences
  2. Increasing uses of land that will increase good opportunities for the Lower Schuylkill and education level labor, such as commercial corridors
  3. Maximizing opportunities for job-intensive logistics and fulfillment-type industrial uses
  4. Creatively reusing land and or/buildings that become functionally obsolete
  5. Identifying other emerging industry sectors and real estate or planning gaps

At the October meeting, the group discussed a variety of important issues in regards to the future of work. Some of the highlights from the conversation include updates from the City’s Office of Workforce Development and the Chamber of Commerce.

Join the conversation around the future of work by following social media hashtags #ULIPHL and #FutureofWork.