JFF Bettersworth 11-22-11

  • 372 views
Uploaded on

Jobs for the Future Real-Time LMI Innovators presentation. Chicago, Nov 22, 2011

Jobs for the Future Real-Time LMI Innovators presentation. Chicago, Nov 22, 2011

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
372
On Slideshare
0
From Embeds
0
Number of Embeds
0

Actions

Shares
Downloads
0
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. MICHAEL A. BETTERSWORTH @BETTERSWORTH MICHAEL.BETTERSWORTH@TSTC.EDU Credentials That Work Update Texas State Technical CollegeMonday, December 5, 11
  • 2. Burning Glass ExampleMonday, December 5, 11
  • 3. EMSI Career Coach Example 3Monday, December 5, 11
  • 4. 5Monday, December 5, 11
  • 5. 5Monday, December 5, 11
  • 6. Evolving Real-Time LMI Tools Labor/Insight™ 6Monday, December 5, 11
  • 7. It’s Not About the Tools It’s What We Do With the ToolsMonday, December 5, 11
  • 8. Student*Labor*Market*Outcomes** Tradi&onal*LMI* Data0driven* Decisions* Real0&me*LMI* Demand* •  Educaon*enrollees* •  Qualified*job*referrals* •  Educaon*completers* •  Improved*placements* •  Unemployed* •  New*hires** •  Improved*employer* •  Employed* •  Replacement*hires** relaonships* •  Improved*counseling* tools* Supply* Strategic* Alignment* 8Monday, December 5, 11
  • 9. Doing Stuff With Real-Time LMI PLACEMENT) CURRICULUM) FORECASTING) •  Iden/fy)Hiring)Employers) •  Iden/fy)Current)Skills) •  Iden/fy)Emerging)Skill)&) •  Find)Job)Openings) Needed)by)Industry) Occupa/ons) •  Connect)Students)to)Jobs) •  Compare)to)Exis/ng)TSTC) •  Find)Hiring)Employers) •  Analyze)Regional) Offerings) For)Interviews) Demand) •  Setup)New)Employer) •  Form)Recommenda/ons) •  Engage)Ac/ve)Employers) Capstones) Based)on)Market) •  Recruit)Hiring) Demand) •  Setup)Internships) Companies)to)Advisory) •  Drive)New)Curriculum) •  Obtain)Scholarships) CommiNees) Investments) 9Monday, December 5, 11
  • 10. Why Real-Time LMI?Monday, December 5, 11
  • 11. Monday, December 5, 11
  • 12. Class of 2006 Move d Back Home. 67% Salary. $3 0,000 S tarting Sources: Twentysomething Inc, John J. Heldrich Center for Workforce DevelopmentMonday, December 5, 11
  • 13. Class of 2009 n Gradu ation. 70 % Joble ss Upo ed Back Home. 8 0% Mov Starting Salary. $ 27,000 Debt. $ 23,000 Average Sources: CollegeGrad.com, New York Times, Heldrich Center for Workforce DevelopmentMonday, December 5, 11
  • 14. Class of 2010 d Back Home. 85% Move verage Debt. $27,200 A Source: Twentysomething IncMonday, December 5, 11
  • 15. Student Loan Debt Now Exceeds Credit Card DebtMonday, December 5, 11
  • 16. Cost of Higher Ed RisingMonday, December 5, 11
  • 17. Tuition Rising Faster Than Other Indices Source: MyBudget360Monday, December 5, 11
  • 18. College Costs Expected to Continue Increase Source: College BoardMonday, December 5, 11
  • 19. Appropriations Down, Tuition Up Annual Percentage Changes in State Appropriations for Higher Education per Full-Time Equivalent (FTE) Student and Changes in Inflation-Adjusted Tuition and Fees at Public Four-Year Institutions, 1980 81 to 2010 11 Source: College Board, Trends in College Pricing 2011, Figure 10AURCE: The December 5, 11 Monday, College Board, Trends in College Pricing 2011, Figure 10A.!
  • 20. Disconnect Between College Costs & Earnings Since 2000, in real terms college costs are now up by 23% Since 2000, in real terms real pay for college graduates is down by 11% RatioMonday, December 5, 11
  • 21. Growing Student Loan DebtMonday, December 5, 11
  • 22. Student Loan Debt Growing Rapidly Sources: New York Federal Reserve, Bureau of Economic AnalysisMonday, December 5, 11
  • 23. Student Loan Debt Only Sector Increasing Source: Federal ReserveMonday, December 5, 11
  • 24. The Next Government Lending BubbleMonday, December 5, 11
  • 25. Unprecedented Gov’t Student Loan LendingMonday, December 5, 11
  • 26. Student Loan Volume & Balances Up Sources: Equifax, Moody’s AnalyticsMonday, December 5, 11
  • 27. Defaults RisingMonday, December 5, 11
  • 28. Percent of Balance 90+ Days Delinquent Source:Monday, December 5, 11
  • 29. DOE National Student Loan Default Rates “The cohort default rate is the percentage of borrowers who enter repayment in a fiscal year and default by the end of the next fiscal year.” Source: US Department of Education. OSFAPMonday, December 5, 11
  • 30. Default Rates at For-Profits Much Higher Source: Information for Student Aid Professionals (IFAP)Monday, December 5, 11
  • 31. “According to unpublished data obtained by The Chronicle, one in every five government loans that entered repayment in 1995 has gone into default. The default rate is higher for loans made to students from two-year colleges [31%], and higher still, reaching 40 percent, for those who attended for-profit institutions.” Source: Kelly Field. Chronicle of Higher Education. “Government Vastly Undercounts Defaults”. July 11, 2010Monday, December 5, 11
  • 32. You Can Run, But You Can’t Hide The Government Can: • Garnish up to 15 percent of take-home pay without a court order for a borrower who is 12 months behind on student loan payments. • Intercept federal and state income tax refunds and lottery winnings. • Offset up to 15 percent of Social Security disability and retirement benefit payments. FACTOID ~72,000 federal student loan borrowers filed for bankruptcy in 2008. Twenty-nine (.04%) succeeded in obtaining a full or partial discharge of their loans. You’re more likely to die of cancer or in a car crash than to have your loans discharged in bankruptcy.Monday, December 5, 11
  • 33. Why Real-Time LMI Now?Monday, December 5, 11
  • 34. You Have To: Gainful Employment DisclosuresAs of July 11, 2011, each program that fallsunder these regulations is required to report:• Occupations, SOC codes, links to occupational profiles on O*NET • Costs – tuition/fees and books/supplies (may include additional costs)• On-time graduation (completion) rate for each program• Job placement rate for students completing each program (if currently required by state or accrediting body)• Median loan debt incurred by students as provided by ED (identified separately as Title IV loan debt and private educational loan debt)Monday, December 5, 11
  • 35. Need to Inform Relevant Education DecisionsMonday, December 5, 11
  • 36. Harder Hitting than 2001 RecessionMonday, December 5, 11
  • 37. 17 Million Underemployed in US Over 317,000 waiters and waitresses have college degrees (over 8,000 of them have doctoral or professional degrees), along with over 80,000 bartenders, and over 18,000 parking lot attendants. All told, some 17,000,000 Americans with college degrees are doing jobs that the BLS says require less than the skill levels associated with a bachelor’s degree. Source: Richard Vedder. Chronicle of Higher Education. “Why did 17 million students go to college”. October 20, 2010Monday, December 5, 11
  • 38. The colleges that most students attend "need to streamline their programs, so they emphasize employability.” Anthony P. Carnevale Director, Georgetown Center Georgetown UniversityMonday, December 5, 11
  • 39. “At the post-secondary level, we need a concerted effort to link work and learning by providing far more opportunities for work-based learning.” William C.  Symonds Director, Pathways to Prosperity Harvard Graduate School of EducationMonday, December 5, 11
  • 40. Accountability: Coming to a Campus Near You What’s Measured What Counts Enrollments Placement Rate Demographics Earnings Contact Hours Student Satisfaction Course Completion Employer Satisfaction Graduates New Companies Numbers of Awards Return on Investment Award Levels Value to Taxpayer National Benchmarks Efficiency Activity PerformanceMonday, December 5, 11
  • 41. “If you cant make people employable, they are not going to participate fully in the life of their times in this system.” Anthony P. Carnevale Director, Georgetown Center Georgetown UniversityMonday, December 5, 11
  • 42. MICHAEL A. BETTERSWORTH @BETTERSWORTH MICHAEL.BETTERSWORTH@TSTC.EDU Credentials That Work Update Texas State Technical CollegeMonday, December 5, 11