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Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy PERFECT STORM To Hit Job Markets!

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Presentation on theme: "Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy PERFECT STORM To Hit Job Markets!"— Presentation transcript:

1 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy PERFECT STORM To Hit Job Markets!

2 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy 2 Aging Population Population 3 Upskilling of Jobs 4 Unprepared Workforce Storm Warnings 4 Converging Megatrends 1 Great Recession Recession

3 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy G lobal economy in the throes of the G lobal economy in the throes of the worst economic storm in a century worst economic storm in a century Jobs in jeopardy Jobs in jeopardy Recovery slow and faltering Recovery slow and faltering Governments in record debt Governments in record debt G lobal economy in the throes of the G lobal economy in the throes of the worst economic storm in a century worst economic storm in a century Jobs in jeopardy Jobs in jeopardy Recovery slow and faltering Recovery slow and faltering Governments in record debt Governments in record debt Megatrend 1: The Great Recession Megatrend 1: The Great Recession

4 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy Megatrend 2: Aging Population Predictable Demographics Megatrend 2: Aging Population Predictable Demographics Birth rate in decline since 1967 Birth rate in decline since 1967 Marriage & childbirth later, fewer children Marriage & childbirth later, fewer children Boomers retiring (1947-64) Boomers retiring (1947-64) Labour force participation rate declining Labour force participation rate declining Immigration can’t offset natural decline Immigration can’t offset natural decline Birth rate in decline since 1967 Birth rate in decline since 1967 Marriage & childbirth later, fewer children Marriage & childbirth later, fewer children Boomers retiring (1947-64) Boomers retiring (1947-64) Labour force participation rate declining Labour force participation rate declining Immigration can’t offset natural decline Immigration can’t offset natural decline

5 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy Percent of Canadian Population 15-64 Years of Age Percent of Canadian Population 15-64 Years of Age

6 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy 2012 420,000 2016 950,000 20211,550,000 20262,080,000 20312,760,000 2012 420,000 2016 950,000 20211,550,000 20262,080,000 20312,760,000 Projected Worker Shortfall Rick Miner, February 2010, People Without Jobs, Jobs Without People [Figures projected nationally from Miner’s Ontario (38%) medium growth estimates] Rick Miner, February 2010, People Without Jobs, Jobs Without People [Figures projected nationally from Miner’s Ontario (38%) medium growth estimates] Vast majority of 2031 work force has already been born Vast majority of 2031 work force has already been born Immigration – 280,000 (family, credentials, competition) Immigration – 280,000 (family, credentials, competition) Under-represented - poor, aboriginals, women, disabled Under-represented - poor, aboriginals, women, disabled Vast majority of 2031 work force has already been born Vast majority of 2031 work force has already been born Immigration – 280,000 (family, credentials, competition) Immigration – 280,000 (family, credentials, competition) Under-represented - poor, aboriginals, women, disabled Under-represented - poor, aboriginals, women, disabled

7 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy Megatrend 3: Upskilling of Jobs Accelerating Knowledge Economy Megatrend 3: Upskilling of Jobs Accelerating Knowledge Economy Rick Miner, February 2010, People Without Jobs, Jobs Without People

8 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy Businesses Can’t Find Talent Overall, 52% of businesses surveyed are having a difficult time recruiting for specific jobs. 71% of high-tech companies 71% of high-tech companies 68% of manufacturers 68% of manufacturers 49% of financial firms 49% of financial firms 59% of professional services firms 59% of professional services firms 51% of construction, mining, oil and gas companies 51% of construction, mining, oil and gas companies 33% of state and local governments 33% of state and local governments 31% of federal government agencies 31% of federal government agencies Society for Human Resources Managers (SHRM), Leading Indicators of National Employment Survey, November, 2011

9 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy Frustrating Paradox In a period of high unemployment, 600,000 jobs remain unfilled because manufacturers cannot find skilled workers. 52% report lack of problem solving skills 52% report lack of problem solving skills 43% report lack of industry certification or vocational training 43% report lack of industry certification or vocational training 40% report lack of basic employability (soft) skills 40% report lack of basic employability (soft) skills 36% report lack of technology or computer skills 36% report lack of technology or computer skills Notably, inadequate math, reading, and writing skills weren't seen as being as serious as other concerns. Manufacturing Institute Fall, October 2011

10 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy With the double shock we're experiencing now - globalization and computer-aided industrial productivity - income inequality is growing, as the rewards for being skilled grow and the opportunities for the unskilled diminish. Adam Davidson, Making It in America, the Atlantic, Jan/Feb 2012 Income Inequality Grows

11 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy New & Changing Jobs There’s never been a better time to imagine career prospects! New & Changing Jobs There’s never been a better time to imagine career prospects! Nano-mechanic Nano-mechanic Old age wellness manager Old age wellness manager Memory augmentation surgeon Memory augmentation surgeon Weather modification police Weather modification police Waste data handler Waste data handler Social networking worker Social networking worker Personal brander/communications advisor Personal brander/communications advisor Stem cell bank manager Stem cell bank manager Adam Gordon, August 2009, Jobs of the Future, Science and Technology Enabled Employment 2020-2030 Nano-mechanic Nano-mechanic Old age wellness manager Old age wellness manager Memory augmentation surgeon Memory augmentation surgeon Weather modification police Weather modification police Waste data handler Waste data handler Social networking worker Social networking worker Personal brander/communications advisor Personal brander/communications advisor Stem cell bank manager Stem cell bank manager Adam Gordon, August 2009, Jobs of the Future, Science and Technology Enabled Employment 2020-2030

12 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy Megatrend 4: Unprepared Workforce Education System and Employers Megatrend 4: Unprepared Workforce Education System and Employers The Talent Pipeline

13 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy National HS graduation rate 79% (Education Indicators 2011, Statistics Canada & Council of Ministers of Education Canada) National HS graduation rate 79% (Education Indicators 2011, Statistics Canada & Council of Ministers of Education Canada) 60% of HS grads (47%) register immediately for post- secondary programs (King, 2009, Who Doesn’t Go To Post-Secondary Education?) 60% of HS grads (47%) register immediately for post- secondary programs (King, 2009, Who Doesn’t Go To Post-Secondary Education?) 25% of post-secondary students dropout by the end of the first year. A similar percent change programs or majors (Miner, 2010, People Without Jobs, Jobs Without People) 25% of post-secondary students dropout by the end of the first year. A similar percent change programs or majors (Miner, 2010, People Without Jobs, Jobs Without People) National HS graduation rate 79% (Education Indicators 2011, Statistics Canada & Council of Ministers of Education Canada) National HS graduation rate 79% (Education Indicators 2011, Statistics Canada & Council of Ministers of Education Canada) 60% of HS grads (47%) register immediately for post- secondary programs (King, 2009, Who Doesn’t Go To Post-Secondary Education?) 60% of HS grads (47%) register immediately for post- secondary programs (King, 2009, Who Doesn’t Go To Post-Secondary Education?) 25% of post-secondary students dropout by the end of the first year. A similar percent change programs or majors (Miner, 2010, People Without Jobs, Jobs Without People) 25% of post-secondary students dropout by the end of the first year. A similar percent change programs or majors (Miner, 2010, People Without Jobs, Jobs Without People) The Pipeline Leaks

14 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy Of 100 students in the educational pipeline in grade 9 each year … 29 will graduate on schedule with a post-secondary degree, diploma or certificate 29 will graduate on schedule with a post-secondary degree, diploma or certificate 50% will not be in jobs directly related to their majors 2 years after graduation (Statistics Canada and Human Resources & Skills Development Canada, School Leavers Survey) 50% will not be in jobs directly related to their majors 2 years after graduation (Statistics Canada and Human Resources & Skills Development Canada, School Leavers Survey) Many carry heavy student loan debt with unclear employment prospects Many carry heavy student loan debt with unclear employment prospects Of 100 students in the educational pipeline in grade 9 each year … 29 will graduate on schedule with a post-secondary degree, diploma or certificate 29 will graduate on schedule with a post-secondary degree, diploma or certificate 50% will not be in jobs directly related to their majors 2 years after graduation (Statistics Canada and Human Resources & Skills Development Canada, School Leavers Survey) 50% will not be in jobs directly related to their majors 2 years after graduation (Statistics Canada and Human Resources & Skills Development Canada, School Leavers Survey) Many carry heavy student loan debt with unclear employment prospects Many carry heavy student loan debt with unclear employment prospects End of the Pipeline

15 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy More Demanding Labour Market (Upskilling) (Upskilling) “Over the past third of a century all net job growth has been generated by positions requiring some post-secondary education.” Pathways to Prosperity, February 2011, Harvard Graduate School of Education “Only 14% of undergrads enroll in STEM subjects. Only 2 in 5 will graduate with a STEM degree or certification within 6 years. We must do better.” President Obama, June 2011

16 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy Potential Labour Crisis “Canada is already facing a labour crunch as baby boomers retire. It could turn into a labour crisis if the education system is not fixed.” Dr. Paul Cappon Canadian Council on Learning

17 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy Bottom Line Requirement Implement in all education and training sites the best available: 1.experiential career learning programs for all primary, middle, secondary and post-secondary students 2.career exploration and planning system 3.electronic portfolio system (all levels plus adults) 4.course planning system (ILP for every student) 5.online networking system to connect students with informed dreams to employers seeking talent

18 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy

19 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy The Perfect Talent Storm makes a harmonized, whole-community commitment to career and workforce development an economic imperative. The Perfect Talent Storm makes a harmonized, whole-community commitment to career and workforce development an economic imperative.

20 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy Economic Imperative? Businesses drive economic prosperity Good employees power successful businesses 30% of employees are fully engaged (productivity) 25% of students are fully engaged (achievement) The majority graduate without clear career goals (Harvard) Students need to be ready to step into success when they graduate. Companies need to identify future talent earlier (ccInspire).

21 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy What is the purpose of K-12 education? To qualify for university entrance? To qualify for university entrance? To qualify for employment? To qualify for employment? To prepare for success in life? To prepare for success in life?

22 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy Life typically now involves more working hours than anything but sleep for 40 years or more. (Better be emotionally engaged and enjoy it) Image from The Real Game for middle school students

23 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy Sports Analogy We discover hockey potential at a very young age Most others must find their way through the educational maze then see if anyone wants them.

24 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy Choosing Occupation Work Information Lists Choosing Occupation Work Information Lists Career and Workforce Development Paradigm Shift Career and Workforce Development Paradigm Shift Learning Skills Life Imagination Introductions Learning Skills Life Imagination Introductions

25 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy Helping students imagine the future they want to create “Your imagination is a preview of life’s coming attractions.” Albert Einstein “I wish The Real Game was MANDATORY for all students. The information and life experience it provides are more valuable than some required coursework. Giving our students the tools they need to be successful in “the real world” should be our first priority.” Tanya McKay, First Northern Bank, Woodland, CA, April 2011

26 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy Case Study 9 th grade NC student - bright, but hated school 9 th grade NC student - bright, but hated school Couldn’t wait for school day to end to drop Couldn’t wait for school day to end to drop another transmission another transmission Exposed to F4K, Career Cruising, Real Game Exposed to F4K, Career Cruising, Real Game Passion and talents for things mechanical Passion and talents for things mechanical becomes evident becomes evident Receives invitation from companies Receives invitation from companies John Deere relationship evolves (mentorship, John Deere relationship evolves (mentorship, job shadowing, summer jobs) job shadowing, summer jobs)

27 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy Case Study 9 th grade NC student - bright, but hated school 9 th grade NC student - bright, but hated school Couldn’t wait for school day to end to drop Couldn’t wait for school day to end to drop another transmission another transmission Exposed to F4K, Career Cruising, Real Game Exposed to F4K, Career Cruising, Real Game Passion and talents for things mechanical Passion and talents for things mechanical becomes evident becomes evident Receives invitation from companies Receives invitation from companies John Deere relationship evolves (mentorship, John Deere relationship evolves (mentorship, job shadowing, summer jobs) job shadowing, summer jobs)Outcome John Deere paid tuition for 2-year Community College Small Engine Repair course then hired at $50K, loan free.

28 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy Expected Results To be measured Expected Results To be measured More informed, purposeful, engaged, and higher More informed, purposeful, engaged, and higher achieving students - happier teachers and achieving students - happier teachers and parents parents Reduced truancy and bullying Reduced truancy and bullying Higher productivity for employers with reduced Higher productivity for employers with reduced recruiting and retention costs recruiting and retention costs Reduced costs for support programs (alternative Reduced costs for support programs (alternative education, drug and substance abuse, social education, drug and substance abuse, social assistance, welfare, corrections) assistance, welfare, corrections) More engaged, self-reliant, resilient citizens More engaged, self-reliant, resilient citizens Pride of accomplishment shared by community Pride of accomplishment shared by community

29 Perfect Storm To Hit Job Markets! Whole-Community Career & Workforce Development Strategy Consequences of staying the course Consequences Ongoing unacceptable levels of student Ongoing unacceptable levels of student underachievement and disengagement underachievement and disengagement Continued faltering in school to work transitions Continued faltering in school to work transitions Continued out-migration of talent Continued out-migration of talent Increasing recruitment challenges for employers Increasing recruitment challenges for employers More storm victims in future job markets More storm victims in future job markets Reduced community prosperity Reduced community prosperity Government Budget Impact: Revenues (personal income, business and consumption taxes, G/HST), education, social assistance, corrections, health


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