Best Postsecondary Options 8 th Grade Career & Postsecondary & Exploration #4.
Why Business Should Invest in Talent...Chamber’s Commitment to Talent Agenda Postsecondary Success...
Transcript of Why Business Should Invest in Talent...Chamber’s Commitment to Talent Agenda Postsecondary Success...
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Why Business Should Invest in Talent
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Sandy BaruahPresident & Chief Executive Officer
Detroit Regional Chamber
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Imperative to Societal Success: Meeting Existing
and Future Talent Demand
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Postsecondary Credential
• Four-year university degree
• Two-year associate degree
• High value certificate or credential
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65%of all U.S. jobs will require
a postsecondary credential
by 2020
Moving Toward a Knowledge Economy
44%of Michigan residents
have a postsecondary
credential
56%of Massachusetts residents
have a postsecondary
credential
TODAY TODAYWHERE WE
NEED TO BE
Source: Georgetown Center on Education and the Workforce, Lumina Stronger Nation Report
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188,000open jobs in September in
the Detroit region
Talent Supply and Demand Gap
Source: EMSI
The Detroit MSA is 15th
in the nation for job postings
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Michigan is
one of only
seven statesthat do not have a
state-led goal to
increase education
attainment
Michigan Can’t Be Left Behind
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States Are Creating Best-in-Class Strategies to Upskill Adult Workers
Mississippi
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Launched in June 2018
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of the total cost to
attend college in
Michigan is levied on
students and families
Source: State Higher Education Executive Officers
Out-of-Pocket Cost to Attend College in
Michigan
Michigan ranks
sixth highest in the nation for
student share of
college tuition
2000
41%2017
70%
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Top 15 States by Higher Education Attainment and
GDP Per Capita
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10%
Why This Matters to…Everybody
Odds are five times greater for the
poorest Detroit residents to rise from
poverty with a postsecondary education
Source: The Pew Charitable Trusts
$ $
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Connect adult workers with postsecondary
credentials in high-demand fields
1. Educate lawmakers on expanding state and federal aid for adults
2. Work with business community to incentivize investment in
employee assistance
What the Chamber Is Doing: Policy Agenda
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Reduce the racial
equity gap by half
What the Chamber Is Doing: Talent Agenda
Add 570,000postsecondary credentials
By 2030, 60%postsecondary
education attainment
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Richard RasselChairman, Butzel Long
Co-Chair, Detroit Drives Degrees Leadership Council
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Higher Education Drives Community Prosperity
Source: American Community Survey, Bureau of Economic Analysis
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Mobilize Collective Impact to
Close Talent Gap
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Rise Above Finger-Pointing to Collaborate
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Why Business Is Most Significant Player in Postsecondary Training
Employer-based training
constitutes 63% of
postsecondary spending
59% of employers offer a formal
tuition assistance program but
only 8% measure their return
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Chamber’s Commitment to Talent Agenda
Postsecondary Success
Talent Retention and Attraction Upskilling Existing Workforce
Postsecondary Access
• Detroit Promise Scholarship
• Race to the FAFSA Line• Campus coaches at
community colleges
• “Let’s Detroit” platform • Talent Hub initiative to re-engage
adults with “some college,
no degree”
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Detroit Talent CompactData-driven strategy to improve outcomes at each stage of talent pipeline
Postsecondary Success
Talent Retention
and Attraction
Upskilling Existing
Workforce
Postsecondary Access
• Average ACT score
• High school graduation rate
• Graduation rates for
university students
• Graduation rates for
community college students
• Percent of graduates who remain
in Southeast Michigan
• Percent of the adult
population with a
postsecondary credential
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Michigan Has 5th Highest Share of Population With
Some Postsecondary, No Credential
20.4% 15.8%
Source: U.S. Census
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Programming to Upskill Adult Workers
Removing financial barriers
Providing ongoing student support Strengthening academic pathways
Conducting outreach
to returning students
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Detroit Designated a “Talent Hub”
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How Can You Get Involved?
Video campaign of
inspiring adult
student stories
Employer survey,
“Bridging the Talent
Gap,” on Jan. 8, 2019
Sign the Detroit
Compact
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Thank you for joining us
For more information, visit: detroitdrivesdegrees.com