Bentley University's PreparedU Project: Millennials in the Workplace Infographic Storybook

20

description

 

Transcript of Bentley University's PreparedU Project: Millennials in the Workplace Infographic Storybook

Page 1: Bentley University's PreparedU Project: Millennials in the Workplace Infographic Storybook
Page 2: Bentley University's PreparedU Project: Millennials in the Workplace Infographic Storybook

SHARE

OVERVIEW Millennials are expected to compose the largest workforce in U.S. history. But are they prepared?

In October 2013, Bentley University

commissioned KRC Research to conduct

the Millennial Preparedness Study to define

the preparedness gap that millennials face

in today’s workplace.

Insights from the study—which represents the

single most comprehensive survey on millennial

preparedness in the workplace—are helping

inform the PreparedU Project, a collaborative,

dialogue-driven initiative that seeks solutions

to the preparedness gap.

Page 3: Bentley University's PreparedU Project: Millennials in the Workplace Infographic Storybook

SHARE

THE RESEARCH Do millennials feel prepared for their first job and career? Is the higher education

model successfully preparing graduates with the skills and experience they

need to be workforce-ready? What is the business community’s role in shaping

millennials’ success?

There’s an apparent preparedness gap between students, employers, and higher

education. That’s why we launched the PreparedU Project and partnered with

KRC Research to develop this groundbreaking study, which included:

KRC Research conducted 3,149 interviews among nine unique audiences. Fieldwork took place between October 17 and October 25, 2013. The survey was conducted online and took an average of twenty-nine minutes to complete. The margin of sampling error for the total sample is +/- 1.75 percent at the 95 percent confidence level, and is larger for the 9 audience sub-groups.

Page 4: Bentley University's PreparedU Project: Millennials in the Workplace Infographic Storybook

SHARE

DEFINING PREPAREDNESSThe preparedness gap exists in part because there is no common definition about what preparedness is—and that gap is most evident between businesses and students.

WHAT IS PREPAREDNESS?

BUSINESS DECISION- MAKER

“Having prior work experience is a must. Helps the individual gather a work ethic, learn to work with others, and

with time management.”

PARENT OF A COLLEGE STUDENT

“Preparedness means having the skills-based knowledge

necessary to do the job, but also the discipline, maturity, and social

skills necessary to succeed.”

PARENT OF A HIGH SCHOOL STUDENT

“A prepared graduate would come out of college prepared to learn and

play their part of the team.”

16% EXPERIENCE

EDUCATION24% SKILLS23%

PERSONAL TRAITS17%

WORK ETHIC15% OTHER10%

HOW IS IT DEFINED?

Page 5: Bentley University's PreparedU Project: Millennials in the Workplace Infographic Storybook

SHARE

MEET THE STAKEHOLDERS

BUSINESS DECISION-MAKERSThose with hiring influence for businesses

CORPORATE RECRUITERSThose who actively recruit employees

HIGHER ED INFLUENTIALSThose who influence curriculum in higher education

PARENTS OF STUDENTSThose with one or more children who are currently enrolled in a four-year accredited college or university and parents of high school juniors or seniors

COLLEGE STUDENTSThose who currently attend an accredited four-year college or university

HIGH SCHOOL STUDENTSThose who are currently a junior or senior

RECENT COLLEGE GRADUATESThose who graduated within the past five years

GENERAL POPULATION Americans over the age of 18

Each participant had their own story to tell. Each has a unique perspective.

Page 6: Bentley University's PreparedU Project: Millennials in the Workplace Infographic Storybook

SHARE

BUSINESS DECISION-MAKERS

One in five BDMs include personal traits as part of the definition of preparedness. Co-Founder,

Chief Creative Optimist, Life is good

of business people give even the grads they have hired a grade of “C” or lower on being prepared.

of business decision-makers give colleges and universities a “C” or lower on preparing recent college grads for their first jobs.

say work ethic is part of the definition of preparedness.

61%

mor

e th

an

half

41%

Page 7: Bentley University's PreparedU Project: Millennials in the Workplace Infographic Storybook

SHARE

Recruiter, Hollister Staffing

of corporate recruiters give recent college graduates a “C” on preparedness for their first jobs.Only 9 percent give them an “A.”

say that it’s difficult for their organization to manage millennials.

say hard and soft skills are equally important for success in the work force.

61%

68%

Six in 10 say they wish students had developed more soft skills in college.

say that retaining millennials is an issue for their organization.

62%

RECRUITERS

Page 8: Bentley University's PreparedU Project: Millennials in the Workplace Infographic Storybook

SHARE

HIGHER EDINFLUENTIALS

Professor, Bentley University

62%

Nine in 10 of higher ed influentials agree it’s possible for colleges and universities to increase efforts to help prepare students for their first job without harming education quality or raising tuition.

give recent college grads a “C” or lower on preparedness for their first job, the fourth highest of any audience.

Higher education should provide quantifiable outcomes, such as high job placement, graduation rate and job retention rate.

Recent College Students

High School Students

Parents

Corporate Recruiters

Business Decision-Makers

Higher Ed Influentials

80%

76%

78%

73%

71%

64%

% AGREE

Page 9: Bentley University's PreparedU Project: Millennials in the Workplace Infographic Storybook

SHARE

Father of a high school student

PARENTS

of parents of college students believe the education and preparation that their son or daughter is gaining is worth the cost. 38 percent disagree.

Four in 10 strongly agree and 87 percent strongly or somewhat agree that parents should encourage their children to take business courses because they teach skills applicable to any career.

29% of parents of college students give their own child in college a “C” or below.

of parents of high school and college students give recent grads a grade of “C” or lower on preparedness for their first jobs.

63%

62%

Page 10: Bentley University's PreparedU Project: Millennials in the Workplace Infographic Storybook

SHARE

COLLEGE STUDENTS

Student, Berklee College of Music

of college students are confident that graduating from college is a sign that someone is prepared to enter the work force.

of millennials believe that older generations don’t understand them.

of college students give recent college graduates a grade of “C” or lower.

41 percent of college students give a grade of “C” or lower to colleges and universities on how well they are preparing recent college graduates for their first job.

Student, Boston College

Page 11: Bentley University's PreparedU Project: Millennials in the Workplace Infographic Storybook

SHARE

HIGH SCHOOL STUDENTSagree that it’s the role of higher education to provide outcomes like job placement.

Student, Medford High School

Three in four agree that a college diploma is a sign that someone is likely to be successful in his or her first job.

agree that a skills assessment test would be useful to help figure out their college major and career path.

feel a college degree guarantees success in life.

Page 12: Bentley University's PreparedU Project: Millennials in the Workplace Infographic Storybook

SHARE

RECENT COLLEGE GRADS

College Graduate, St. Michael’s University

of recent college graduates say that unpreparedness is a real problem among their own cohort.

agree that it’s the role of higher education to provide outcomes like job placement.

Recent college graduates blame their lack of preparedness on:

Nearly four in 10 recent college graduates grade their OWN level of preparedness as a “C” or lower.

75%

Themselves

Their High School

Their Parents

Businesses

Their Colleges & Universities

60%

18%

15%13%

42%

Page 13: Bentley University's PreparedU Project: Millennials in the Workplace Infographic Storybook

SHARE

SOLUTIONS How can students, parents,

higher education and businesses

work together to close the gap?

It’s a team effort, after all.

Using research from the Bentley

Preparedness Study, we explore

four possible solutions to bridging

the preparedness gap.

Page 14: Bentley University's PreparedU Project: Millennials in the Workplace Infographic Storybook

SHARE

16 SOLUTIONS WERE TESTEDAGREE DISAGREE

Students must commit to being life-long learners both inside the classroom and beyond.

College learning must incorporate and blend together academics and hands-on learning.

Colleges need to incorporate cutting-edge technology throughout their campuses to familiarize

their students with the latest tech capabilities

Colleges & universities must improve career services by understanding what business look for in internships,

resumes, cover letters, and interviews.

Parents should encourage their children to take business classes because they teach skills

that can be applied to any career.

Colleges and universities need to work harder at defining proper fit for applicants via counseling

and/or skills and interests testing.

Business professionals enter the classroom as lecturers to impart their real-world expertise to students.

Career services must begin freshman year of college for all students.

94% 6%94% 6%

90% 10%

87% 13%

85% 15%85% 15%

86% 14%

85% 15%

Page 15: Bentley University's PreparedU Project: Millennials in the Workplace Infographic Storybook

SHARE

16 SOLUTIONS WERE TESTEDAGREE DISAGREE

84% 16%

84% 16%82% 18%78% 22%74% 26%

70% 30%65% 35%61% 39%

Colleges and universities need to develop and implement more programs to encourage women to pursue business

education & leadership opportunities.

Students must realize that a combination of business skills and arts and sciences will help them land jobs and

advance throughout their career.

Internships need to be mandatory for students in order to gain real-world experience.

Businesses should work with colleges/universities to update and revise business curriculum.

Students must prepare to be “prepared” by beginning their college career — on Day One — with a clear set of

goals and objectives for their education.

Colleges and universities need to integrate liberal arts and business courses into a single curriculum.

Business classes should be mandatory in all colleges and universities for all majors.

More students should go to graduate school to become more prepared for their FIRST JOBS and their careers.

Page 16: Bentley University's PreparedU Project: Millennials in the Workplace Infographic Storybook

SHARE

Colleges and universities need to combine academics with hands-on learning and technology.

“Higher education should ensure

that graduates have problem solving and

communication skills, and strive to instill

critical thinking and responsible

citizenship.”

PROFESSOR PERSPECTIVE

ROLE OF HIGHER EDUCATION

agree that college learning must incorporate and blend together academics and hands-on learning.

of higher education influentials strongly agree and that they are a part of the solution.

SOLUTIONS

Professor, Bentley University

SOLUTIONS IN ACTION

Colleges Need to Help Kids Hit the Ground Running

Internships: Career 101 Training

Page 17: Bentley University's PreparedU Project: Millennials in the Workplace Infographic Storybook

SHARE

ROLE OF PARENTSParents should play an active role in encouraging their children to take business classes.

PARENT PERSPECTIVE

“It’s one thing to educate a child with

facts and figures. I am trying to teach my son

to seek understanding— use rational thinking,

ask smart questions and encouragement to

challenge himself.”

of all respondents strongly or somewhat agree that as a solution, parents should encourage their children to take business classes because they teach skills applicable to any career.

SOLUTIONS

Father of a high school student

SOLUTIONS IN ACTION

Reasons Why You Should Consider Business Degrees For Your Child

Prep Your Kids For A Life of Change

85%

Page 18: Bentley University's PreparedU Project: Millennials in the Workplace Infographic Storybook

SHARE

ROLE OF BUSINESSBusinesses should partner with colleges and universities in developing business curricula while imparting “real-world expertise” to students.

of total respondants think businesses need to work with higher education to improve career services.

Four in 10 Business Decision-Makers agree strongly they should do their part and work with higher education to provide students with real-world advice.

SOLUTIONS

BUSINESS DECISION-MAKER PERSPECTIVE

“The millennials that we’re hiring

today measure and weigh—very heavily—

the meaning behind their work, as opposed to

the salary, schedule or benefits.”

Co-Founder, Chief Creative Optimist, Life is good

SOLUTIONS IN ACTION

Mazda Works with Students to Improve Customer Experience

Ernst & Young Transforms Curriculum to Reflect Industry Trends

87%

Page 19: Bentley University's PreparedU Project: Millennials in the Workplace Infographic Storybook

SHARE

SOLUTIONS

ROLE OF STUDENTS

“My advice to students? Work

hard, always use good judgment and seek mentorship…be humble, it will

pay off.”

RECRUITER PERSPECTIVE

Students must commit to being life-long learners both inside the classroom and beyond.

of students and recent college graduates agree that they are putting the onus on themselves to be prepared.

of higher education influentials strongly agree with this solution.

Recruiter, Hollister Staffing

SOLUTIONS IN ACTION Commit to Adopting Technology

Hard-Won Lessons for Those Starting a Career

Page 20: Bentley University's PreparedU Project: Millennials in the Workplace Infographic Storybook

JOIN THE CONVERSATION. FOLLOW @BENTLEYU

GET INVOLVEDThese eight individuals have lent their faces and voices to our project. From college grads to corporate recruiters, each has a unique role in finding solutions to the preparedness gap. While their voices are heard here, yours is just as important.

Tell us what preparedness means to you.

Here are a few thought starters:

Did you feel prepared for your first job after college? What about your career?

How does the preparedness problem impact you?

What piece of advice would you give to educators as they prepare a new generation for the work force?

How can businesses help?