High School Equivalency Programs and Their Positive Effect on the Workforce
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Transcript of High School Equivalency Programs and Their Positive Effect on the Workforce
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and Their Positive Effect on the Workforce
www.learningexpresssolutions.com
HIGH SCHOOL EQUIVALENCY PROGRAMS
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workers aged 18 to 64 lack a high school diploma, GED®, TASC, or HiSET® (McGraw)
25 million
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High school dropouts hinder the U.S. economy
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Each high school dropout costs the U.S. economy about $260,000 in lost earnings,
taxes, and productivity (McGraw)
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- McGraw-Hill Research Foundation
Investment in adult education isn’t just a good idea—it has quickly become critical to future U.S. economic prosperity.
“
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Private industry can also step up and introduce High School Equivalency
Programs to their workforce
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QUESTION
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What effect does having a high school equivalency credential have on the
workforce?
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ANSWER
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More highly educated and trained workers are typically more productive than those
with less education and training
(National Governor’s Association)
SIGNIFICANT EFFECTS!
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Having at least a high school equivalency credential is characteristic of a
STRONG WORKFORCE
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Employees benefit, too.
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Here’s how:
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Employees gain:
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Employees gain:
INCREASED JOB SATISFACTION
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Employees gain:
JOB SECURITY
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Employees gain:
MORE CONFIDENCE
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Employees also become more productive
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Assuming pay is indicative of performance and output…
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Studies show the mean hourly
compensation of un-credentialed dropouts was slightly over
$12.00…
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…while the mean hourly
compensation of GED test credential recipients was close to
$14.00 (Labor Market)
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After earning a high school equivalency
credential, a high school dropout’s hourly wage is expected to increase
2.0% year-over-year
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Total hours of work also increase based on experience
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the workforce improves and the employees are happier
IN SHORT:
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How are you handling your workforce training? Continue the
conversation with us
(646) 274-6434
www.learningexpresssolutions.com
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McGraw: http://www.mcgraw-hillresearchfoundation.org/wp-content/uploads/the-return-on-investment-from-adult-education-and-training.pdf Labor Market: http://www.gedtestingservice.com/uploads/files/df5678b08a46aec2298c926279d738de.pdf National Governor’s Association http://www.nga.org/files/live/sites/NGA/files/pdf/2014/1402-Moodys-AmericaWorks_35f.pdf
RESOURCES: