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Frontdoor, Inc. to Award Scholarships to Trade School Students, Fostering the Next Generation of Skilled Trades Talent

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Frontdoor (NASDAQ: FTDR), the nation's leading home warranty provider, has launched a new trade school scholarship program in partnership with BlueRecruit to address the growing skilled trades labor shortage. The initiative aims to support students pursuing careers in trades as current workers retire from the profession.

The scholarship program is open to students across the United States, with recipients selected based on their industry commitment, including trade school enrollment, recommendation letters, and video essays. A Frontdoor committee will review applications and award funds based on education and degree progress.

The partnership addresses a critical industry challenge as essential professionals like contractors, plumbers, and electricians retire, creating a widening gap between job openings and qualified workers. As a home services sector leader, Frontdoor is taking proactive steps to drive positive industry change.

Frontdoor (NASDAQ: FTDR), il principale fornitore di garanzie per la casa negli Stati Uniti, ha lanciato un nuovo programma di borse di studio per scuole di formazione in collaborazione con BlueRecruit per affrontare la crescente carenza di mano d'opera specializzata. L'iniziativa mira a supportare gli studenti che seguono carriere nei mestieri mentre i lavoratori attuali vanno in pensione.

Il programma di borse di studio è aperto agli studenti di tutto il paese, con i beneficiari selezionati in base al loro impegno nel settore, inclusa l’iscrizione a scuole di formazione, lettere di raccomandazione e video saggi. Una commissione di Frontdoor esaminerà le candidature e assegnerà fondi in base al progresso educativo e al conseguimento dei titoli.

La collaborazione affronta una sfida critica per l'industria, poiché professionisti essenziali come appaltatori, idraulici ed elettricisti si ritirano, creando un divario crescente tra le offerte di lavoro e i lavoratori qualificati. In qualità di leader nel settore dei servizi per la casa, Frontdoor sta adottando misure proattive per promuovere un cambiamento positivo nell'industria.

Frontdoor (NASDAQ: FTDR), el proveedor líder de garantías para el hogar en el país, ha lanzado un nuevo programa de becas para escuelas de oficios en asociación con BlueRecruit para abordar la creciente escasez de mano de obra especializada. La iniciativa tiene como objetivo apoyar a los estudiantes que buscan carreras en oficios mientras los trabajadores actuales se jubilan.

El programa de becas está abierto a estudiantes en todo Estados Unidos, seleccionando a los beneficiarios en función de su compromiso con la industria, incluida la inscripción en escuelas de oficios, cartas de recomendación y ensayos en video. Un comité de Frontdoor revisará las solicitudes y otorgará fondos según los avances educativos y de títulos.

La asociación aborda un desafío crítico de la industria, ya que profesionales esenciales como contratistas, plomeros y electricistas se retiran, creando un creciente vacío entre las ofertas laborales y los trabajadores calificados. Como líder en el sector de servicios para el hogar, Frontdoor está tomando medidas proactivas para impulsar un cambio positivo en la industria.

프론트도어 (NASDAQ: FTDR), 미국의 선도적인 주택 보증 제공업체, 블루리크루트와 협력하여 증가하는 숙련 인력 부족 문제를 해결하기 위해 새로운 직업학교 장학금 프로그램을 시작했습니다. 이 이니셔티브는 현재의 근로자가 직업에서 은퇴함에 따라 직업 경력을 추구하는 학생들을 지원하는 것을 목표로 합니다.

장학금 프로그램은 미국 전역의 학생들에게 열려 있으며, 수혜자는 직업학교 등록, 추천서 및 동영상 에세이를 포함한 산업에 대한 헌신에 따라 선정됩니다. 프론트도어 위원회는 신청서를 검토하고 교육 및 학위 진행 상황에 따라 자금을 지원합니다.

이 파트너십은 계약자, 배관공 및 전기공과 같은 필수 전문직이 은퇴함에 따라 직업 공석과 자격을 갖춘 근로자 간의 격차가 커지는 중요한 산업 과제를 해결합니다. 주택 서비스 분야의 선두주자로서 프론트도어는 긍정적인 산업 변화를 추진하기 위해 적극적인 조치를 취하고 있습니다.

Frontdoor (NASDAQ: FTDR), le principal fournisseur de garanties pour maisons du pays, a lancé un nouveau programme de bourses d'études en partenariat avec BlueRecruit pour répondre à la pénurie croissante de main-d'œuvre qualifiée dans les métiers. Cette initiative vise à soutenir les étudiants poursuivant des carrières dans les métiers alors que les travailleurs actuels prennent leur retraite.

Le programme de bourses est ouvert aux étudiants à travers les États-Unis, avec des récipiendaires sélectionnés en fonction de leur engagement envers l'industrie, y compris l'inscription à des écoles de métiers, des lettres de recommandation et des essais vidéo. Un comité de Frontdoor examinera les candidatures et attribuera des fonds en fonction des progrès académiques et des diplômes.

Ce partenariat aborde un défi critique pour l'industrie, alors que des professionnels essentiels comme des entrepreneurs, des plombiers et des électriciens prennent leur retraite, créant un fossé croissant entre les offres d'emploi et les travailleurs qualifiés. En tant que leader dans le secteur des services à domicile, Frontdoor prend des mesures proactives pour favoriser un changement positif dans l'industrie.

Frontdoor (NASDAQ: FTDR), der führende Anbieter von Wohnungsversicherungen des Landes, hat ein neues Stipendienprogramm für Handelsschulen in Zusammenarbeit mit BlueRecruit ins Leben gerufen, um dem wachsenden Facharbeitermangel entgegenzuwirken. Die Initiative zielt darauf ab, Studierende zu unterstützen, die Karrieren im Handwerk anstreben, während erfahrene Fachkräfte in den Ruhestand gehen.

Das Stipendienprogramm steht Studenten in den gesamten USA offen, wobei die Empfänger auf Basis ihres Engagements für die Branche ausgewählt werden, einschließlich der Einschreibung an Handelsschulen, Empfehlungsschreiben und Videoessays. Ein Komitee von Frontdoor wird die Bewerbungen prüfen und Mittel basierend auf dem Fortschritt der Ausbildung und des Abschlusses vergeben.

Die Partnerschaft greift eine kritische Herausforderung in der Branche auf, da essentielle Fachkräfte wie Auftragnehmer, Klempner und Elektriker in den Ruhestand gehen, wodurch eine wachsende Lücke zwischen offenen Stellen und qualifizierten Arbeitskräften entsteht. Als führendes Unternehmen im Bereich der Hausdienstleistungen ergreift Frontdoor proaktive Maßnahmen, um positive Veränderungen in der Branche voranzutreiben.

Positive
  • Strategic initiative to address skilled labor shortage in the home services industry
  • Potential to strengthen contractor network and service delivery capabilities
  • Investment in future workforce development that could benefit long-term operations
Negative
  • None.

Frontdoor has partnered with BlueRecruit to award scholarships to help increase the pipeline of skilled trades professionals in the coming years as current workers age out of the profession.

MEMPHIS, Tenn.--(BUSINESS WIRE)-- Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home warranties launched a new trade school scholarship program in collaboration with BlueRecruit, a direct-hire marketplace built for skilled-trade workers, further connecting the dots between education and skilled trade career opportunities.

“Launching this trade school scholarship program is a momentous occasion. Our hope is that this scholarship program will help to bridge the growing skilled trades labor gap by supporting the hard-working students that aspire to be the next generation of skilled tradespeople,” said Evan Iverson, Frontdoor’s Chief Operating Officer.

The trade scholarship program is available to students across the United States. Scholarship recipients will be selected based on their demonstrated commitment to the industry – including acceptance and enrollment in a trade school, a letter of recommendation, and a video essay. The applicant pool will be reviewed by a Frontdoor committee, and selected students will be awarded funds specific to their education and degree progress.

“Dwindling trades talent has been a challenge the trade industry’s been struggling to solve for years,” said Rich Camacho CEO & Co-Founder of BlueRecruit. “Partnerships like Frontdoor allow us to support future tradespeople as they enter the industry, while helping connect current contractors with new talent. These scholarships are the first step toward filling the hundreds of open essential trades jobs across the country.”

Over the past few decades, a growing number of essential professionals such as contractors, plumbers, and electricians have retired, creating a widening gap between job openings and qualified workers. As a leader in the home services sector, Frontdoor recognizes that addressing this challenge requires immediate action to drive positive change within the industry.

To apply for the Frontdoor trade school scholarships, click here.

About Frontdoor, Inc.

Frontdoor is reimagining how homeowners maintain and repair their most valuable asset - their home. As the parent company of two leading brands, we bring over 50 years of experience in providing our members with comprehensive options to protect their homes from costly and unexpected breakdowns through our extensive network of pre-qualified professional contractors. American Home Shield, the category leader in home service plans with approximately two million members, gives homeowners budget protection and convenience, covering up to 23 essential home systems and appliances. Frontdoor is a cutting edge, one-stop-app for home repair and maintenance. Enabled by our Streem technology, the app empowers homeowners by connecting them in real time through video chat with pre-qualified experts to diagnose and solve their problems. The Frontdoor app also offers homeowners a range of other benefits including DIY tips, discounts and more. For more information about American Home Shield and Frontdoor, please visit www.frontdoorhome.com.

About BlueRecruit

BlueRecruit is a direct-hire marketplace built for skilled trade workers who want to grow their career and the companies seeking their talent. BlueRecruit removes the inefficiencies of resumes and job posts and focuses on the skills, certifications, and licenses that matter in the trades. BlueRecruit was founded in October 2019 and is proudly headquartered in Clayton, North Carolina.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and beliefs, as well as a number of assumptions concerning future events. These statements are subject to risks, uncertainties, assumptions and other important factors. Readers are cautioned not to put undue reliance on such forward-looking statements because actual results may vary materially from those expressed or implied. The reports filed by Frontdoor pursuant to United States securities laws contain discussions of these risks and uncertainties. Frontdoor assumes no obligation to, and expressly disclaims any obligation to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are advised to review Frontdoor's filings with the United States Securities and Exchange Commission (which are available on the SEC's EDGAR database at www.sec.gov and via Frontdoor’s website at investors.frontdoorhome.com).

FTDR-Company

Tom Collins

901-701-5198

MediaCenter@frontdoor.com



Alison Bishop

901-701-5198

MediaCenter@frontdoor.com

Source: Frontdoor, Inc.

FAQ

What is the purpose of Frontdoor's (FTDR) new trade school scholarship program?

The scholarship program aims to increase the pipeline of skilled trades professionals and address the growing labor gap in the industry as current workers retire.

How will Frontdoor (FTDR) select scholarship recipients?

Recipients will be selected based on their demonstrated commitment to the industry, including trade school enrollment, a letter of recommendation, and a video essay.

What is the geographic scope of FTDR's trade school scholarship program?

The scholarship program is available to students across the United States.

How is Frontdoor (FTDR) partnering with BlueRecruit for this initiative?

Frontdoor is collaborating with BlueRecruit, a skilled-trade worker marketplace, to connect education with trade career opportunities through the scholarship program.

What industry challenge is Frontdoor (FTDR) addressing with this scholarship?

The program addresses the widening gap between job openings and qualified workers in essential trades like contractors, plumbers, and electricians due to increasing retirements.

Frontdoor, Inc.

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