Google CEO Sundar Pichai announced on Thursday that the internet search giant will commit $1 billion to nonprofit groups worldwide over the next five years for high-tech job training. It is considered as the biggest financial pledge from the company, reports said.
Aside from the grants, Google will conduct a “Grow With Google” tour across the US that will work with libraries and community groups to provide career advice and high-tech job training.
One thousand Google employees will also devote 1 million work hours over five years to help organizations that will conduct high-tech job training and give career advice.
Pichai made the announcement about the three initiatives in an event in Pittsburgh, Pennsylvania.
Pichai said Google will make grants in three core areas: education, economic opportunity, and inclusion.
“Google.org will use its philanthropic expertise to fund organizations working in three areas: closing the world’s education gap, helping people prepare for the changing nature of work, and ensuring that no one is excluded from opportunity,” said Pichai.
In fact, Pichai added, Google has given $100 million of the $1 billion to nonprofits. Out of the $100 million, $10 million will go to Goodwill, which is creating the Goodwill Digital Career Accelerator. The grant given to Goodwill is the largest single grant Google has ever made.
Over the next three years, Goodwill, a major player in workforce development, aims to provide 1 million people with access to digital skills and career opportunities. Pichai said 1,000 Google employees will be available for career coaching.
With regard Goodwill, Pichai noted the group’s “phenomenal reach”, pointing out that “over 80 percent of Americans live within 10 miles of its centers.”
“With our support, it will be able to offer 1.2 million people digital skills and career opportunities in all 156 Goodwills across every state over the next three years.”
Pichai hopes that nonprofit groups that will receive the grants “will find the funds transformative.”
According to the tech giant’s CEO, Google’s initiatives aim to tackle the changes in the nature of work and those changes are not being met head-on.
“The nature of work is fundamentally changing. And that is shifting the link between education, training, and opportunity,” Pichai said. “One-third of jobs in 2020 will require skills that aren’t common today. It’s a big problem.”
With regard the 1 million work hours to be rendered by 1,000 Google employees, Pichai said philanthropy and volunteer work should go hand in hand in any endeavor.
“We’ve always believed that to truly help organizations, you have to offer your time along with your philanthropy,” Pichai said. “The volunteering can take many forms. Sometimes, it’s just showing up to help set up an event. Sometimes, we take a close look at technical issues nonprofits might be having and help them innovate more quickly.”
He recalled that Google employees manned a 4-H booth at the state fair in Illinois to get youngsters excited about science and technology. In the case of Goodwill, Pichai said Google employees will be available to conduct career coaching over the next three years.
“Tech can seem intimidating. But we’ve found that having role models and people right in front of you can make the journey seem much easier.”
DISCLAIMER: This article expresses my own ideas and opinions. Any information I have shared are from sources that I believe to be reliable and accurate. I did not receive any financial compensation in writing this post, nor do I own any shares in any company I’ve mentioned. I encourage any reader to do their own diligent research first before making any investment decisions.
Traveling within Europe: 15 practical tips you must know about
Watching the evolution of Bitcoin and cryptocurrency
Should you invest in real estate with IRA money?
Cryptocurrency outlook: 4 key indicators it’s here to stay
Will the stock market crash because of the US-China trade war?
‘Phenomenal’ PotNetwork a ‘Strong Speculative Buy’ according to Harbinger Research
PepsiCo CEO Indra Nooyi to step down this October
How to invest in Bitcoin with your IRA
Multibillion-dollar mixed-use tourist center opens in Montenegro
5 ways you can save money by house sitting
Strengthening the cooperation among countries to generate inclusive growth
H&R Block and IBM Watson are revolutionizing tax preparation
IMF message: Interconnectedness needs to be preserved
Can we use smartphones while driving 100% safely?
Innovative electricity tech from ABB provides better life
Crypto5 days ago
Survive the collapse of altcoins with these crypto investing tips
Featured5 days ago
Save your next mortgage with these handy tips
Featured4 days ago
10 lessons that every young entrepreneur should learn from Walt Disney
Business4 days ago
Why in-house training and incentives will help decrease mortgage fraud
Business5 days ago
Premier League-English Football League gap widens after record TV rights deal
Auto5 days ago
South Korea bans 20,000 BMW vehicles after reports of engine safety failures
Economy3 days ago
The similar pattern of hyperinflation
Sponsored5 days ago
4 commonly overlooked Texas business regulations you can’t afford to overlook