General Motors will be one of the founding members of the new OneTen initiative, which hopes to provide one million Black Americans with jobs within the next decade.
The OneTen initiative was founded by Merck CEO Kenneth Frazier and the executive chairman of IBM, Ginni Rometty. The group’s goal is to provide up to one million Black Americans without a college education with jobs paying $40,000 or more per year. The group will also help potential employees network with leaders from major companies like GM and help provide them with the necessary skills to succeed in a variety of industries.
Other companies that have committed to the OneTen initiative in addition to GM include Wal-Mart, Target, Verizon, Lowes, Nike, Comcast, HP, PepsiCo, Bank of America, Caterpillar and AT&T.The OneTen initiative will begin working with companies in the first quarter of 2021, according to Automotive News. Companies that have committed to the initiative will agree to specific hiring targets for Black employees and will provide a certain amount of financial support to the organization based on their size. The CEOs of the founding companies have collectively pledged more than $100 million to support the coalition’s efforts.
Frazier also said that he thinks OneTen will grow in size and influence in the coming years as more companies climb aboard.
“We’re starting from a standing start, this is not where we want to end up,” Frazier said. “We think of it as a startup.”
GM previously stated its intention to be “the most inclusive company in the world,” following the killing of George Floyd, with GM CEO Mary Barra later implementing an Inclusion Advisory Board within the company to help combat racism and inequity within the company.
“My personal commitment is to ensure that the leadership of General Motors, and by extension, the entire GM family, consistently remains aware of our responsibility to bring awareness to injustice,” Barra said earlier this year. “Because awareness leads to dialogue, dialogue leads to understanding, and understanding leads to change.”