Presentation is loading. Please wait.

Presentation is loading. Please wait.

Linking Economic and Workforce Development: National & Regional Perspectives September 18, 2012.

Similar presentations


Presentation on theme: "Linking Economic and Workforce Development: National & Regional Perspectives September 18, 2012."— Presentation transcript:

1 Linking Economic and Workforce Development: National & Regional Perspectives September 18, 2012

2 September 18, 2012 | SBDC Economic Outlook Conference Key Points Postsecondary education is the best insurance policy in an uncertain global economy Talent pipelines built on strong public-private partnerships will define winning regions Economic developers have a key role to play— linking, leveraging, and aligning

3

4 September 18, 2012 | SBDC Economic Outlook Conference

5 September 18, 2012 | SBDC Economic Outlook Conference

6 September 18, 2012 | SBDC Economic Outlook Conference

7 September 18, 2012 | SBDC Economic Outlook Conference Source: US Bureau of Economic Analysis, US Census Bureau

8 September 18, 2012 | SBDC Economic Outlook Conference Source: US Bureau of Labor Statistics, US Census Bureau

9 September 18, 2012 | SBDC Economic Outlook Conference Education: What’s at stake? 37% (7.5M) of all new jobs in US expected by 2020 will require postsecondary degree* 16 out of top 25 fastest growing occupations in US will require postsecondary degree 91 out of top 100 highest paying occupations in US require postsecondary degree Source: U.S. Bureau of Labor Statistics. *Degree as used here includes one or two-year certifications. Springfield (MSA): 31% of workforce age has associate’s degree or higher— 86,000 out of 273,000—will it be enough to compete for the jobs of the future?

10 “49% of business owners hired or tried to hire in the last three months and 37% reported few or no qualified applicants for open positions.”

11 September 18, 2012 | SBDC Economic Outlook Conference Our #1 Challenge: Skills Gap 67% of employers reported that high unemployment is not making hiring easier. Lack of technical skills (advanced welding, tool programming) is largest barrier.

12 Where the Jobs Are IsWhere the Skills Aren’t “A serious mismatch is developing between the kinds of skills needed for areas of high projected job growth and the skills that will be available in the U.S. labor force.” September 19, 1988

13 September 18, 2012 | SBDC Economic Outlook Conference Texas: Staring Down the Skills Gap Source: EMSI

14 September 18, 2012 | SBDC Economic Outlook Conference Source: U.S. Bureau of Labor Statistics

15 Key Points The talent pipeline is broken, especially for skilled trades. Employers are defining job requirements in such a way that applicants need to have done the job already. Limited number of formal apprenticeship programs, esp. in manufacturing.

16 Staffing Pattern for Electrical Equipment & Component Manuf Top 5 Hiring Needs by % of Total WorkforceEducationExperienceOn-The-Job Training Team AssemblersHigh school diplomaNoneUp to 12 months Electrical and Electronic Equipment AssemblersHigh school diplomaNoneUp to 1 month Extruding and Drawing Machine Setters, Operators, and TendersHigh school diplomaNoneUp to 12 months First-Line Supervisors of Production and Operating WorkersPostsecondary award1-5 yearsNone Inspectors, Testers, Sorters, Samplers, and WeighersHigh school diplomaNoneUp to 12 months Are these realistic expectations about employer needs and how the labor market works?

17

18

19 regional intermediary leading cluster effort entrepreneurshipworkforceindustry Northeast Ohio Speed‐To‐Market Accelerator will employ a step‐by‐step process to help accelerate the commercialization of products, increase the global competitiveness of cluster companies, attract additional private capital to the region, and attract students, incumbent workers, and the unemployed to educational and training programs.

20 September 18, 2012 | SBDC Economic Outlook Conference Taking action Re-imagine the role of economic development organizations in the talent pipeline—start with how we talk about workforce development Adopt measureable human capital goals as part of your organization’s strategic plan Read Cappelli’s book—what public-private partnerships are needed in Springfield?

21 September 18, 2012 | SBDC Economic Outlook Conference

22

23

24 Modeled after apprenticeship programs in Germany Cost to school district: $15K of federal Title I funds Company promising that 75% of participating students will be offered full-time jobs as well as tuition assistance

25 Government-funded programs love planning exercises—look for opportunities to align economic and workforce strategies.

26 September 18, 2012 | SBDC Economic Outlook Conference Think creatively about how you can use data to align goals and market workforce assets.

27

28 September 18, 2012 | SBDC Economic Outlook Conference Key Takeaways Advocate for alignment in #econdev, #wkdev, and education whenever possible, especially with state and federal policy makers Shovel-ready sites & work-ready jobs—regions able to respond quickly with scalable training customized to employers will stand out Keep doing what you’re doing

29 September 18, 2012 | SBDC Economic Outlook linkedin.com/in/brianjkelsey Brian Kelsey, Principal Civic Analytics LLC


Download ppt "Linking Economic and Workforce Development: National & Regional Perspectives September 18, 2012."

Similar presentations


Ads by Google