Crnyhs cwsp how_it_works_dec_2010


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Crnyhs cwsp how_it_works_dec_2010

  1. 1. Cristo Rey New York High School: Overview Mission and StrategyMission – Educate students from low-income backgrounds and provide them with a means to escape poverty Our ultimate goal is that our students will graduate from collegeStrategy – Deliver a rigorous college-preparatory curriculum and have the students work one day each week to pay for it in an innovative Corporate Work Study Program (CWSP) Results Academic CWSP• 165 graduates, all enrolled in college • 75 paying companies employ 360 students• 93% student retention • 83% client retention• 370 enrolled students; ~ 50% on honor roll • 96% of students are rated outstanding or• NYSAIS accredited good by their employers For more information, please contact Brian Heese at 646-345-1808 or 1
  2. 2. Corporate Work Study Program – Benefits both Student & Company Benefits for Benefits for the Student the Company See the power of a Gain productive, entry college education level employees Give back to community Learn valuable skills with immediate payoff Gain exposure to positive Identify diverse talent role models early Free-up lower level Finance education employees for more value added work 2
  3. 3. Cristo Rey New York High School - Client List: 2010-11 School Year Accounting : Financial Services (Continued): Information Technology: Museums and Parks Deloitte & Touche ING Investment Mgt City Parks Foundation CMIT Solutions JP Morgan Chase KPMG Equinix El Museo del Barrio Keefe Bruyette & Wood, IncPriceWaterhouseCoopers Museum of the City of New York Liquidnet Holdings, Inc MarketAxess Insurance : NY Historical Society Advertising: MidOcean Partners Hartford Financial Products Interpublic Group Pharmaceutical : Mitsubishi UFJ Securities USA MetLife MPG New York Life Investment Management Pfizer, Inc. Meridian Risk Management Construction: Sandler O’Neill + Partners, L.P. New York Life Insurance Publishing : Eurotech Construction Stone & Youngberg LLC Zephyr Management LP William H. Sadlier, Inc. Media: Consulting: Government : Alloy Media Real Estate Development : Changing Our World Campaign Finance Board MultiVu Brookfield Properties Exec/ Com LLC New York City Housing Development Corp Thomson Reuters Rockefeller Group Education: New York City Supreme Court (Clerk of the Court) Development Corp Classroom, Inc. Legal : Health Care : Akin Gump Recruiting/ Staffing : Engineering: Columbia Medical Center HDR Inc Dewey & LeBoeuf LLP Mitchell Martin ICE Sports Therapy Ford Marrin Esposito Witmeyer & Gleser, LLP Financial Services: Lott Residence Jones Day LLP Trade Association: Bank of America/ Terence Cardinal Cooke Health Care Center Securities Industry & Kelley Drye & Warren Merrill Lynch Financial Market Ass. Kramer Levin, Naftalis & Frankel LLP (SIFMA)Bank of Tokyo Mitsubishi Human Services:Brown Brothers Harriman Catholic Medical Mission Board Morrison & Foerster National MinorityCapital Group Companies Common Ground Satterlee Stephens Burke & Burke Business Council Citadel Securities Goodtemps Sher Herman Bellone Tipograph P.C Transportation : Credit-Suisse Sidley Austin , LLP Grand Central Neighborhood Social Services Farrell’s Limousine Service Deutsche Bank Skadden Arps Hope Community ING Financial Services Weil Gotshal & Manges YMCA White & Case• 83% of 2009-10 clients renewed their contract in 2010-11 3
  4. 4. Corporate Work Study Program – Details How it works: Job Sharing Model Full and Partial Teams Available(1) Full Team Partial Team Traditional Job 5 students 4 students One 5 days / week 4 days / week One job = worker $29,000 $23,200 5 CRNYHS Students Share a Job Worker A Partial Team Partial Team Partial Team Worker B 3 students 2 students 1 student One job = Worker C Worker D 3 days / week 2 days / week 1 day / week Worker E $17,400 $11,600 $5,800 Student Workers are Employees of CWSP. No Ancillary Taxes or Admin Costs Traditional Job: 4 Payment Processes CRNYHS Salary Worker Taxes Government Salary CRNYHS Benefits Providers / Custodian HR Costs Paid by owners• Students are employees of the Corporate Work Study Program, not the clients; Cristo Rey handles all payroll, W-4, I-9, Workers Compensation, and FICA. 1) Price is for the 2010-11 School Year. Job team price may increase 3-5% each year to reflect higher educational costs 4
  5. 5. Corporate Work Study Program – DetailsWhat Types of Tasks Can the Students Do? General Department Job Description Acct • Data entry of purchase orders • Assist with processing of accounts payable (verify vendor invoice and attach check to invoice) • Assist in processing of expense reports and reconciliation of bank statements • Allocate phone bill across various departments • Check incoming legal invoices & code for department and deal number, enter data into excel spreadsheet used to track invoices, circulate invoice for approval Human • Process COBRA notices and exit mailings Resources • Assist in preparations for recruiting job-fairs at college • Process interview paperwork • Data entry for commissions, research issues associated with payroll • Reconciliation of HR data across several databases • PeopleSoft data management, filing, process new hires and terminations, • Distribute and track evaluation forms (for on-going staff development), • Draft emails announcing wellness programs and assist in managing the wellness meetings • Process new employee passes and documents • Typing of “new hire” and “exit” letters • Ensuring completeness of immigration documents and then scanning & filing those documents • Filing of HR information Finance – • Filing of trade confirms and trading tickets Middle • Scan credit documents, ensure completeness of credit files, prepare batches for off-site distribution Office and • Check transactions in off –site employee accounts: open statements, ID documents, code, scan and batch Compliance documents for shipment. Functions • Patriot Act compliance (ensure completeness of account opening documentation), archiving regulatory documents • Assist in processing of new employee Securities Registration and existing employee continuing education 5
  6. 6. Corporate Work Study Program – DetailsWhat Types of Tasks Can the Students Do (Continued)?GeneralDepartment Job DescriptionMarketing – • Prepare presentation materialsBusiness • Assist with client events (name tags, preparation of marketing folders)DevelopmentIT • Equipment allocation, reallocation and inventory. Order processing for new equipment • Help-desk triageOffice • Mail delivery, copy room support (including use of large-scale copy machines and cutting/ bindingServices equipment • Back-up phone duty for main reception (if student shows aptitude for this work) • Maintain schedule for appointment rooms, prepare rooms for meetings, • Manage supplies inventory • Assist in organizing library, sort and distribute practice supply books, re-shelve returned materials (files & periodicals), data entry of library research requests into library statistics database) • Prepare documentation for shipping offsite 6
  7. 7. Corporate Work Study Program – DetailsCan the students work with confidential information?• The students work with confidential information at the majority of our clients. This information includes client names, transactions, amounts, HR information, health care records and sales/ profit information.• Cristo Rey students receive training in managing and respecting confidential information.• Certain companies make the students sign standard confidentiality agreements before they work on company premises. CWSP staff discuss the elements of the agreements with the students and, where applicable, their families to obtain the necessary signatures.• Students working at the following companies signed confidentiality agreements in the 2010-11 school year (number of students in parentheses). Financial Services Professional Services Health Care Services Bank of Tokyo Mitsubishi (4) Dewey & Leboeuf (5) Columbia University School of Medicine (5) Citadel Group (3) Kelley Drye & Warren (3) Terence Cardinal Cooke Health Care Ctr. (8) Credit Suisse (30) Kramer Levin (10) Deutsche Bank (10) Sidley Austin (5) ING (5) Skadden Arps (11) J.P. Morgan & Co. (10) White & Case (10) Sandler O’Neill & Partners (5) PricewaterhouseCoopers (5) Deloitte Services (10) 7
  8. 8. CWSP – How it works (Legal & Structural Considerations) Legal Structure of CWSP Taxes• Cristo Rey Corporate Work Study Program (CWSP) is a corporation as defined in Section 102 of the New York • Payments from company to CWSP are Not for Profit Corporation law deductible for tax purposes same as a contract labor expense CWSP is separate from Cristo Rey New York High School • If a company pays CWSP to send a team of students to work at a third non-profit entity, then• CWSP is not endorsed by any religious order, its the paying company may claim a charitable tax incorporators were not member of the clergy nor does credit CWSP have a religious mission U.S. DOL & NY Labor Regulations Insurance• CWSP is a supervised work study program that has been approved by United States Department of Labor • CWSP carries Workers Compensation Insurance on (DOL) and the New York Commissioner of Labor student workers • DOL approved CWSP in 2004 and again in 2010 • CWSP also carries liability coverage for itself and the student workersIn NY• 14 -15 year old student workers may be employed for • An overview of the CWSP insurance coverage is up to 23 hours when enrolled in a supervised work available upon request study program approved by the Commissioner.• 16 – 17 year old student workers may be employed up to 28 hours per week 8
  9. 9. CWSP – Client Service Driven How we Manage the Corporate Work Study ProgramStudents do the work, but professionals handle all logistics• When you hire Students from Cristo Rey CWSP, you hire an experienced customer service team as well. CWSP leaders get students to/ from their jobs, perform site visits and provide continuing supervision to ensure that clients are getting the best value for their money spentWe train our workers to succeed• Our students attend a business boot camp when they join Cristo Rey. The students learn the essentials for many common office tasks. If a student does not have the skills you require, we can generally find one who doesWe make sure the students are motivated• Students know that their education depends on their ability to work and fund tuition. Throughout the year we teach courses for the students to highlight the importance of courtesy, respect, initiative, reliability and attitudeOur students work in businesses; we run the Corporate Work Study Programlike a business• We know that customer satisfaction is the key to long-standing client relationships. We do our best to ensure that the companies that hire our students get excellent value for the money they spend on the program. The corporate work study program is not a charity. Companies get real value for the money spent. The school’s mission is not about free handouts nor simply helping the poor. It’s about equipping our students to be successful in the future. 9
  10. 10. Getting the Most from your Cristo Rey Job TeamFinding the Right Fit is Important Successful job placements have six traits: 1. Recurring work • Although routine office work is best, students can sometimes grow into helping out on non-routine, more complex projects 2. Plan for the student workers. • Many clients said that their Cristo Rey experience had improved over time as they got better at managing the student workers • The students can assist as an “extra set of hands” but thrive when they are given a defined set of tasks 3. Employee or group of employees establish a strong mentor relationship with the students • “Buddy system” • Employees should be prepared to get involved in the students’ life-stories (we will help you with this) 4. Grade and evaluate the students as high-performing high school students 5. If possible, make the students feel as though they are part of the larger company; consider sending them to regular employee orientation 6. Establish clearly defined rules for behavior and expectations for performance at the start of the relationship 10