Workforce Development
Virginia Small Business SummitOctober 10, 2014
Overview• Workforce @ Va’s
Community Colleges• The Issue• The Challenges• The Solutions
The Issue: Hiring DifficultyIn Virginia, like the nation at large, businesses of all sizes and across varying industries are having trouble finding talent.
• Small business owners report… of those hiring, “46% reported few or no qualified applicants for open positions”
Source: National Federation of Independent Businesses, June 2014 report
• “Job openings for STEM positions take longer to fill than openings in other fields. The median duration of advertising for a STEM vacancy is more than twice as long as for a non-STEM vacancy.”
Source: Brookings Institution, July 2014 report
• “Central Virginia CEOs say recruiting and keeping talent is a big concern”
Source: Virginia Business citing University of Richmond Report, July 14, 2014
The Issue: Hiring Difficulty
Job vacancies became much easier to fill during the recession, but started becoming harder as the economy rebounded.
Source: J. Rothwell, July 2014The Brookings Institution
• Info Gap: Accessing high quality regional demand data
• Interest Gap: Driving interest among workforce supply to areas of regional demand
• Skills Gap: Creating and making available training that most closely aligns with skills demanded by industry & Increasing credential attainment
• Affordability Gap: Making training affordable to those who will become the next great Virginia workforce
The Challenges
Solutions: High Quality Regional Demand Data
• Regional, ongoing engagement of business and industry
• Real-time analysis of job and skill demands
• Forecasts for future job demand
• Triangulation of data points
Endorsed by Blueprint Virginia
Solutions: Coaching to Align Supply and Demand
• Uses data on supply, demand, job salaries, and career interests to inform decisions
• Busts myths about technical training
• Creates career plans with clear education & training steps to achieving success
• Provides practical work experience
• Engages business and parents
Endorsed by Blueprint Virginia
Solutions: Aligning Training to Industries’ Needs
• Builds on data gathered from business and industry
• Requires ongoing refinement
• Follows industry standards and supports stackable credentials
• Uses state-of-the-art equipment
• Is readily accessible
Endorsed by Blueprint Virginia
Solutions: Increase Credential Attainment
• Credentials are the passport into the skilled economy
• Leverage business and industry in selecting from 4,000 providers of 700,000 industry certification
• Build capacity in a successful infrastructure
• Proposal: Pay only for results that matter
Educational Degrees and Certificates: • Awarded by a college or university.• Requires completion of a credit-bearing
program of study.
Industry Certifications: • Awarded by a certification body.• Requires individual to demonstrate, through
exam, competency to perform a specific job.
Licenses: • Awarded by a licensing agency (frequently a
state agency).• Requires meeting pre-determined criteria that
may include some combination of degree attainment, industry certifications, certificates, assessment, apprenticeship programs, or work experience.
Endorsed by Blueprint Virginia
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