Growing Jobs & Supporting California Businesses
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Transcript of Growing Jobs & Supporting California Businesses
Growing Jobs & Supporting California BusinessesRelevancy – Return – Recovery
2012 OutlookTop 10 Business Challenges
Achieving customer loyalty Managing supply chain risks and rising commodity costs Managing increasingly complex privacy and information security issues Managing regulatory change Attracting, retaining and developing top talent Improving business performance to enhance and sustain competitiveness Adjusting to changing geopolitical dynamics Capitalizing on the pick-up in mergers and acquisitions and realizing value Improving information for decision-making by focusing on data management and analytics Increasing the focus on enterprise risk management (ERM) as risk profiles change
The 2012 Outlook for Non-Financial Services CompaniesProtivitihttp://www.protiviti.com/2012TopChallenges
Economic Stress
Employees Must: Employers Must:
Possess the right knowledge and skills for various tasks
Juggle multipleresponsibilities
Contribute directly to company’sbottom line
Find creative ways to keep talent Do more with less Grow and compete in spite of economic uncertainty
The California Community Colleges Economic and Workforce Development program (EWD) invests in the skills of California’s workforce – now and in the future – through highly specialized industry training, technical consulting and business development.
The end result is the ability for businesses to better understand the trends and labor market pertaining to their industry, and make informed decisions about how to grow and compete.
EWD - - The Solution
EWD: The Community College System’s
Industry Experts
Advanced ManufacturingAdvanced Transportation Technology & EnergyBiotechnologyBusiness & EntrepreneurshipEnvironmental, Health, Safety & Homeland SecurityHealth CareInternational TradeInteractive Internet & Mobile ApplicationsWorkplace Skills and Education
EWD preserves jobs and creates new ones by training workers to meet business needs in days, not months.
From 2002 to 2009, EWD programs annually assisted an average of 41,000 businesses, 107,000 students and trainees, and placed 4,300 individuals in jobs.
Track Record – Innovation & Quality
EWD Results….High Taxpayer ROI
The Chancellor’s Office contracted with Time Structures, Inc. (TSI) to conduct an independent economic impact analysis of the EWD programs and services, by using California Employment Development Department data to compare workers that received training to those that didn’t in similar occupations, and by following the hiring trends of businesses that received assistance from EWD.
Analysis Fast FactsEWD Increases Worker Income Potential:
Approximately 3,400 trained workers’ wages were compared over a three year period using the California Employment Development Department database with the wages of workers similarly employed, but without training.
The average trained worker earned an additional $6,000 over the next three years— a $2,000 increase in annual salary.
Analysis Fast Facts
EWD Improves the Demand for Workers:
In a study of 2,244 private businesses utilizing EWD business assistance programs, it was found that, compared to similar businesses not receiving such help, each assisted business hired an average of 1.4 more workers for a total of 3,152 jobs created.
Analysis Fast FactsNo Cost to California Taxpayers
EWD business assistance programs generated an even more immediate return to the state— for every state dollar spent on business training, two dollars in state and local revenues were generated over the next two years, more than covering program cost.
Workers benefit directly from higher employment and wages generated by EWD programs.
Community businesses and residents benefit too from the spending of the additional income earned by program enrollees. And, significantly, these benefits are achieved at no cost to the state’s taxpayers.
Three Reasons EWD is a Smart Investment
Relevancy
Improving educational attainment benefits our state through increased tax revenues and the social and economic mobility that accompanies higher levels of education and workplace skills.
ReturnAt a time when every dollar counts, EWD functions as a no cost program to provide taxpayers with a high return on investment.
Recovery
Our programs ensure that all Californians, including our current high rates of displaced workers, have access to education that can retool their skills and prepare them for market demands.
Funding the EWD program is a smart investment for California’s economic growth – now and in the future.
Need more facts on how your investments are working to create
and retain jobs and support California businesses?
Go to: www.InvestmentsThatCount.org
Sign up for our eNewsletter GROW California at www.CCCEWD.net