HCAP Partners 2021 Annual Impact Report: Quality Jobs and the Great Resignation
We are pleased to share our 2021 Annual Impact Report titled Quality Jobs and the Great Resignation.
In this year's report, we look at the nationwide challenges in recruiting and retaining employees and the importance of human capital to business success. Amidst these challenges, we’ve seen our portfolio companies further embrace the Gainful Jobs Approach™, and we are pleased to share that our 2021 portfolio-wide turnover rate was 38.6% versus a market-wide turnover rate of 52.4%¹.
We also introduce a new pillar within the Gainful Jobs Approach™ focused on diversity, equity, and inclusion (DEI). This new pillar—Belonging—is an outcome of inclusion and is achieved by having policies and commitments to ensure DEI, having advocates represented at every layer of decision-making, and ultimately providing paths to opportunity.
As we continue to develop our expanded framework, we remain thankful to our Limited Partners, Impact Advisory Board and thought partners for their support, collaboration, and feedback. To discuss opportunities for collaboration or for more information about our impact initiatives, contact Bhairvee Shavdia at (858) 864-9212 or bhairvee@hcap.com.
¹Source: U.S. Bureau of Labor Statistics (https://www.bls.gov/news.release/jolts.t16.htm)
