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• Case | HBS Case Collection | June 2020

  Career Karma: Growth in a Time of Global Uncertainty (A)

  Laura Huang, Elizabeth Jiang and Brandon Yu

  Career Karma is a startup focused on helping individuals looking to transition careers into computer engineering roles or similar fields by preparing them for formal technical training programs, or “coding bootcamps,” that would lead to a successful career pivot upon graduating from the program. The platform also encouraged users to engage with each other in “squad” support groups and paired users with mentors (other users who successfully transitioned careers through Career Karma). This case explores the journey of Career Karma’s three founders and navigating growth through an unexpected recession caused by a global pandemic.

  Keywords: Business Ventures; Business Growth and Maturation; Business Plan; Business Startups; Education; Training; Entrepreneurship; Corporate Entrepreneurship; Social Entrepreneurship; Management; Goals and Objectives; Growth and Development Strategy; Growth Management; Marketing Strategy; Organizations; Mission and Purpose; Personal Development and Career; Technology Industry; Education Industry; Employment Industry;

  Citation:

  Huang, Laura, Elizabeth Jiang, and Brandon Yu. "Career Karma: Growth in a Time of Global Uncertainty (A)." Harvard Business School Case 420-121, June 2020.  View Details

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• Supplement | HBS Case Collection | June 2020

  Career Karma: Growth in a Time of Global Uncertainty (B)

  Laura Huang and Elizabeth Jiang

  This (B) case expands upon the journey of Career Karma’s three founders by presenting a fictionalized Investor Meeting scenario.

  Keywords: Business Ventures; Business Growth and Maturation; Business Plan; Business Startups; Education; Training; Entrepreneurship; Corporate Entrepreneurship; Social Entrepreneurship; Management; Goals and Objectives; Growth and Development Strategy; Growth Management; Marketing Strategy; Organizations; Mission and Purpose; Personal Development and Career; Technology Industry; Education Industry; Employment Industry;

  Citation:

  Huang, Laura, and Elizabeth Jiang. "Career Karma: Growth in a Time of Global Uncertainty (B)." Harvard Business School Supplement 420-125, June 2020.  View Details

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• Chapter | Tax Policy and the Economy, Volume 34 | 2020

  Building Emergency Savings Through Employer-Sponsored Rainy-Day Savings Accounts

  John Beshears, James J. Choi, J. Mark Iwry, David C. John, David Laibson and Brigitte C. Madrian

  Roughly half of Americans live paycheck to paycheck. When financial shocks occur during their working life, many of these households tap into their retirement savings accounts. We explore the practical considerations and challenges associated with helping households accumulate liquid savings that can be deployed when urgent pre-retirement needs arise. We propose that this can be achieved cost effectively by automatically enrolling workers into an employer-sponsored payroll deduction “rainy-day” or “emergency” savings account, and we explore three specific implementation options: (a) after-tax employee 401(k) accounts, (b) deemed Roth IRAs under a 401(k) plan, and (c) depository institution accounts. We evaluate the pros and cons of each approach and conclude that all three approaches merit exploration and field testing. We refer practitioners interested in seeing each implementation option discussed in its own self-contained section to the version of this paper distributed as NBER Working Paper No. 26498.

  Keywords: savings; Household; Saving;

  Citation:

  Beshears, John, James J. Choi, J. Mark Iwry, David C. John, David Laibson, and Brigitte C. Madrian. "Building Emergency Savings Through Employer-Sponsored Rainy-Day Savings Accounts." In Tax Policy and the Economy, Volume 34, edited by Robert A. Moffitt, 43–90. Chicago: University of Chicago Press, 2020.  View Details

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