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Why America must create an educonomy

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Presentation on theme: "Why America must create an educonomy"— Presentation transcript:

1 Why America must create an educonomy
BRANDON BUSTEED Executive Director Education and Workforce Development Gallup

2 What is our definition of success?
Copyright © 2015 Gallup, Inc. All rights reserved.

3 Success Is Defined By Getting a Good Job
“To Get a Good Job” 67% AMERICANS: “very important” reason for getting education beyond high school (Gallup/Lumina poll) 88% Top reason FRESHMEN cite for going to college (UCLA CIRP) 38% PARENTS OF 5TH TO 12TH GRADERS: “very important” reason for getting education beyond high school (Gallup/IHE poll) Why is job/money the overwhelming reasons for getting additional education… they represent the future. Why Copyright © 2015 Gallup, Inc. All rights reserved.

4 What does a ‘great life’
look like? Purpose How you occupy your time; liking what you do each day Social Relationships and love in your life Financial Managing your economic life to reduce stress and increase security Physical Good health and enough energy to get things done daily Community Engagement and involvement in the area where you live Copyright © 2015 Gallup, Inc. All rights reserved.

5 What does a ‘great JOB’ look like?
Copyright © 2015 Gallup, Inc. All rights reserved.

6 Are we measuring the right things?
Copyright © 2015 Gallup, Inc. All rights reserved.

7 Current Education Measures Horribly Insufficient
INPUTS OUTPUTS High School GPA, Rank In Class SAT, ACT GPA, Rank In Class Retention Rates, Degree Attainment Gainful Employment And maybe… - CLA, etc. Hope is a stronger predictor of college success than SAT and GPA.

8 Behavioral + Classic Economic Measures
GDP Unemployment Crime rates Well-being Work Engagement Feeling Safe Graduation Rates GPA Test Scores Hope Engagement Well-being

9 Well-Being Matters to the world
Gallup’s key metrics revealed tension mounting prior to the ‘Arab Spring’ which traditional metrics missed: EGYPT: RECENT TRENDS IN PERCENTAGE “THRIVING” AND GDP PER CAPITA (PPP) GDP per capita (ppp) estimates are from the International Monetary Fund’s World Economic Outlook database. Copyright © 2015 Gallup, Inc. All rights reserved.

10 Well-Being Matters to Organizations
Copyright © 2015 Gallup, Inc. All rights reserved.

11 Impact of workplace Engagement
Copyright © 2015 Gallup, Inc. All rights reserved.

12 Are graduates work ready?
Copyright © 2015 Gallup, Inc. All rights reserved.

13 WHAT WORKS IN SCHOOL IS REAL WORK…
21st century skills predict work success “Worked on a long-term project that took several classes to complete” (28% HS vs. 50% college) “Used what you were learning about to develop solutions to real-world problems in your community or in the world” (22% vs. 27%)

14 Few students (grades 5-12) work or intern
Copyright © 2014 Gallup, Inc. All rights reserved.

15 Standardized Tests, But No Entrepreneurs?
Negative correlation between PISA and GEM scores

16 This cliff continues into the workplace where only 29% of US works are engaged
If we were doing this right, this line would be going in the absolute opposite direction

17

18 Gallup’s 2012 Daily tracking research found that K-12 teachers are the least likely among 12 occupational groups studied to agree that, “At work, my opinions seem to count.” Further, 46% of K-12 teachers report high daily stress. Less than one-third of K-12 teachers (31%) are engaged in their jobs. Teachers’ average engagement level drops significantly in their first few years on the job, a likely factor in low retention rates among new teachers.

19 A Broken Link Between Higher Education and Work
98% of Chief Academic Officers rate their institution as very/somewhat effective at preparing students for the world of work. 13% of Americans strongly agree that college graduates in this country are well‐prepared for success in the workplace. 11% of business leaders strongly agree that graduating students have the skills and competencies their businesses need. Copyright © 2015 Gallup, Inc. All rights reserved.

20 If graduates strongly agree that they were “emotionally supported” during college, the odds that they are engaged in their work and thriving in their overall well-being double. Copyright © 2015 Gallup, Inc. All rights reserved.

21 14% of all graduates experienced all three
Emotional Support “at least one professor who made me excited about learning” “professors cared about me as a person” “a mentor who encouraged my goals and dreams” 64% 27% 22% 14% of all graduates experienced all three Copyright © 2015 Gallup, Inc. All rights reserved.

22 Graduates who had “experiential and deep learning” have a higher likelihood of being engaged in their work (59% vs. 38%), and more are thriving (14% vs. 10%). Copyright © 2015 Gallup, Inc. All rights reserved.

23 6% of all graduates experienced all three
Experiential Learning 32% 30% 20% “long-term project taking a semester or more to complete” “internship or job where applied learning” “extremely involved in extracurricular activities and organizations” 6% of all graduates experienced all three Copyright © 2015 Gallup, Inc. All rights reserved.

24 Positive Experiences and Preparedness
Copyright © 2015 Gallup, Inc. All rights reserved.

25 Contact: Brandon Busteed Executive Director, Education & Workforce Development Gallup, Inc. @brandonbusteed


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