Rick Laferriere: Building Talent Pipelines at CVS Health

Rick Laferriere, Lead Director of Workforce Initiatives at CVS Health, discusses his team's 25-year commitment to building what he calls "non-traditional talent pipelines" by partnering with workforce systems, educators, and community organizations to reach individuals who face barriers to employment. Drawing from his own journey starting as a CVScashier in high school and spending over 30 years with the company, Laferriere shares the philosophy behind creating relationships rather than transactions with community partners. He explores the complexities of operating across all 50 states where workforce systems, funding priorities, and political landscapes differ dramatically, emphasizing why customization matters more than one-size-fits-all approaches. The conversation delves into practical strategies for employers looking to engage in workforce development, including the importance of sharing curriculum and training rather than keeping it proprietary, offering work-based learning experiences before hiring, and dedicating resources to build genuine partnerships. Laferriere also addresses the challenge of measuring success in work that carries both quantitative and qualitative value, explaining why his team takes pride in the fact that only 30% of program participants come to work for CVS while the other 70% strengthen the broader community workforce. He calls on employers to get curious, join workforce boards, and find champions within their organizations who can balance passion for community impact with demonstrating business value. Transcript Julian Alssid: Welcome to the Work Forces Podcast. I'm Julian Alssid Kaitlin LeMoine: And I'm Kaitlin LeMoine, and we speak with innovators who are shaping the future of work and learning. Julian Alssid: Together, we unpack the complex elements of workforce and career preparation and offer practical solutions that can be scaled and sustained. Kaitlin LeMoine: This podcast is an outgrowth of our Work Forces consulting practice through weekly discussions, we seek to share the trends and themes we see in our work and amplify impactful efforts happening in higher education industry and workforce development all across the country. We are grateful to Lumina Foundation for its past support during the initial development and launch of this podcast, and invite future sponsors of this effort, please check out our workforce's podcast website to learn more. And so with that, let's dive in. Julian Alssid: Welcome back. For a long time, the education and workforce system was tasked with preparing people for jobs, with employers often playing a more passive role. But that dynamic has shifted, with employers increasingly leading the way on workforce development. Kaitlin LeMoine: It's true, Julian employers have stepped into that gap, not just to solve their own talent gaps through internal training and upskilling initiatives, but also through broader partnership initiatives designed to expand the overall talent pipeline, to reach and educate those who may otherwise not know about those career opportunities, or those who previously faced barriers to employment or educational attainment? Julian Alssid: Yes, absolutely Kaitlin. And as more companies are seeking to innovate in this space, it's helpful to look at models that are established and continuing to respond to the evolving needs of their industries and the labor market. Our guest today is Rick LaFerriere, Lead Director of Workforce Initiatives at CVS Health. Rick leads CVS award winning programs that are designed to create opportunities for people facing barriers to employment, partnering with education, community organizations and government agencies to build bridges to meaningful careers. Rick serves as the advisor to CVS Health Abilities in Abundance programming, and has oversight of CVS, highly regarded Workforce Innovation and Talent Center concept. He also contributes his time and expertise in the workforce space to several advisory and workforce boards locally and nationally. Rick, welcome to Work Forces. Rick Laferriere: Thanks, Julian, Kaitlin, nice to see you both and glad to join you today here. This is great. Kaitlin LeMoine: Yes, thanks so much for being with us today, Rick. It's great to see you as well, and looking forward to jumping into this conversation today. So as we get started, could you please tell us a bit more about your background, your trajectory, and what led you to your current role at CVS Health? Rick Laferriere: I've been with CVS Health for over 30 years. I actually started in a local CVS Pharmacy store when I was in high school as a cashier. And so my career here started at entry level in our stores, doing customer service. And at the time for me it was, it was a job to make money, to save money to go to college. And interestingly enough, it turned out to be a lot more than that. I ended up staying with CVS throughout my time at college. I...