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Talent 2025 CEO Council Meeting

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Talent 2025 CEO Council Meeting

  1. 1. CEO Council Meeting October 7, 2020
  2. 2. • Welcome & Agenda • Employment, Trends & Insights • Workforce Development • Diversity & Inclusion • Education • Closing & Call to Action 2Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary Agenda
  3. 3. Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary Recovery in Employment, Trends & Insights 3
  4. 4. 650,000 700,000 750,000 800,000 850,000 900,000 0% 5% 10% 15% 20% 25% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Labor Force and Unemployment, West Michigan (2000-August 2020) Labor Force (Right axis) Unemployment Rate (Left axis) 4Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary Quick Recovery, But Not a Return to Normal Loss of Gig Economy increased Labor Force 32,685 participants above pre-COVID Unemployment Stagnating 1 in 13 are unemployed (7.6%); February – 2.9% Falling Optimism 1 in 5 Americans have relocated or know someone who moved because of pandemic – Pew Research Center 49% ‘probably or definitely will not’ return to same job (Aug. 2020), compared to 20% in April – Associated Press/NORC 77% of respondents reported it’s a bad time to find a quality job – Gallup
  5. 5. 5Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary Job Losses Concentrated Among Low-Wage, Low Skill Sectors Industries with the lowest wages and lowest educational attainment are being hit the hardest; they have reduced capacity for remote work. In West Michigan, these 2 sectors account for: • 1 in 4 Black workers • 1 in 3 workers of two or more races • 1 in 4 Hispanic or Latino workers • 1 in 3 female workers • 1 in 3 millennial workers
  6. 6. Greatest Impact on Minorities, Women, and Millennials Minorities (Black/Hispanic): • Disproportionately more likely to be essential workers or employed among industries most disrupted by COVID. – Economic Policy Institute • Severe disparities across educational attainment and median incomes prior to COVID (income gaps have widened) • Hispanics consistently report higher rates of being laid off compared to whites and blacks. – Economist/YouGov • 1 in 6 Black workers were laid off between February and April, compared to 1 in 4 Latina workers. – Economic Policy Institute Women: • Even before the pandemic working mothers were significantly less attached to labor force, now they face compounding stress from shifts to home and family life. • For those with children under 18, LFPR was 21.1% lower for women compared to men (2019). • LFPR was 10.4% lower among women with children under 6, compared to women with children 6-17 years old (2019). • Women are disproportionately more likely to be essential workers or employed among industries most disrupted by COVID (Retail & Hospitality). • In West Michigan, women comprised 81% of Health Care jobs and 53% of Retail & Hospitality jobs in 2019. • Single mothers accounted for 11% of all West Michigan households (63,011), compared to 5% for single fathers (28,486) in 2018. Millennials: • People ages 18-29 and 20-44 reported being more worried about losing their jobs than any other generation; this is the second financial crisis millennials have experienced in their professional lifetimes. – Economist/YouGov • The unemployment rate for millennial adults (ages 16-24) peaked at 20% in June 2010 (following the Great Recession). Today, these individuals (now aged 25-34) face an unemployment rate of 13.1%, the second highest of any age group after 16-24 (18.5%). – Pew Research Center • More likely than other age groups to say they had been laid off and separately that someone they know had been laid off. – Economist/YouGov • Over 1 in 4 (aged 16 to 29) are now unemployed; Labor force participation dropped -4.5% from July 2019 (1.8 M fewer participants). • 37% report they moved, someone moved into their home or they know someone who moved because of the outbreak. – Pew Research Center Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary 6
  7. 7. 7Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary Accelerated Shift to Automation and Remote Work 78% of employers plan moderate to extensive changes to remote work strategies. - Ernst & Young By 2030, 60% of occupations have at least 30% of work that could be automated. - McKinsey Global 55% of employees want to work remote 3+ days per week; 75% want to work remote at least one day per week. - Morning Consult 62% of hiring managers say their workforce will be more remote going forward. - UpWork
  8. 8. 8Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary What HR Leaders Told Us • 3 in 4 report remote work was the most dramatic change since the pandemic • 53% report the pandemic increased the pace of adoption for automation/AI • 85% are considering a permanent shift to allow employees to work remotely • 46% anticipate long-term challenges to managing distributed teams and dual cultures (remote team vs on-site team) • 2 in 3 reskilled or redeployed their current workforce to adapt to changing market conditions • All reported ghosting was a significant problem in filling open positions ‘Employer Trust, Job Satisfaction, and Job Meaning have new value since COVID’ - Payscale
  9. 9. 9Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary What HR Leaders Told Us • 2 in 3 reported that expanded unemployment benefits made it difficult to recall workers • 30% offered bonuses and/or increased wages and benefits to recall workers • 50% report childcare availability has moderately/greatly impacted return to work • 64% cite that varying K-12 reopening plans has moderately/greatly impacted return to work • 1 in 3 cite continued labor shortages and unexpected resignations • 36% report increased demand for front-line workers; 47% say these are hard-to-fill • 1 in 5 report increased demand for Diversity & Inclusion officers
  10. 10. Reskilling the Workforce at Scale Needed in Response 10Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary • Minorities, women, & millennials experienced disproportionate job loss • 50,200 jobs below pre-COVID as of August • 1 in 13 are unemployed • 4 in 5 jobs were service-providing • 3 in 5 jobs required a High School Diploma or below • 32,685 labor force participants above pre-COVID • 65% of current job postings require a postsecondary credential
  11. 11. # Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary Poll Questions
  12. 12. # Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary Workforce Development: Roadblocks to Full Employment
  13. 13. • Bullet copy • Women are default caregivers • Heads of single-family households • Other copy • Other copy 13 Challenges New COVID-related health and safety rules Health concerns among providers, parents The ratio of kids allowed decreased due to COVID Demand down with more parents working from home, unemployed Advocacy Increase ratios for home and group providers Greater flexibility for before and after-school care 90-day grace period to implement new rules Simplify funding and oversight into one office Child Care Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary % %
  14. 14. • Bullet copy • Women are default caregivers • Heads of single-family households • Other copy • Other copy 14 Challenges • Serves only a fraction of need • Lacks accountability, too costly for outcomes • Not convenient for working adults • Fails to prepare people for in-demand jobs Advocacy 1. Competitive bidding for more qualified providers 2. Integration of occupational training 3. Higher standards for performance 4. Align state and federal program requirements Adult Education Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary
  15. 15. • Bullet copy • Women are default caregivers • Heads of single-family households • Other copy • Other copy 15 Returning Citizens Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary
  16. 16. • Bullet copy • Women are default caregivers • Heads of single-family households • Other copy • Other copy 16 A 20-Year Problem Solved Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary See link on Resources page
  17. 17. # Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary Workforce Diversity & Inclusion
  18. 18. • Bullet copy • Women are default caregivers • Heads of single-family households • Other copy • Other copy Making Measurable Gains in Diversity and Inclusion Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary 2014 2015 2016 2017 2018 Workforce D&I Group formed Inclusion Interviews Report published 1st Community of Practice (26 employers) CEO Council approves: • CEO Commitment Form • Benchmark Survey • Employer Toolkit Workforce DE&I Strategies Piloted (21 employers) • HireReach Cohort 2 • 30 Committed Employers • Improved Benchmark Survey • Increased resources on PIVOT2019 2nd Community of Practice (10 employers) 2020 Workforce D&I Strategies Launched • Cohort 1 • D&I Strategies Expanded Implementation 80+ Committed CEOs
  19. 19. • Bullet copy • Women are default caregivers • Heads of single-family households • Other copy • Other copy 19 D&I Update Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary See link on Resources page
  20. 20. # Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary Poll Questions
  21. 21. Invitation to West Michigan Business Leaders Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary
  22. 22. # Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary Education
  23. 23. Higher Education Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary
  24. 24. K-12 Priorities Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary College and Career Readiness • Career Technical Education (CTE) has increased significantly since 2014: • 6,500+ more students enrolled • 20,000+ completed a CTE programs • CTE grad rate is 15 points higher (95%) than all MI students Early Literacy • 2019: MI ranked 32nd in the nation on 4th grade reading • Expected to see statistical where there was Reading Now Network-like programs • Increased accountability and use of literacy best practices
  25. 25. Career Technical Education Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary Advocacy 1. Employers offer work-based learning 2. Expand high school CTE programs 3. Help districts buy industry equipment Challenges • Work-based learning opportunities lost • School scheduling (remote/full-time/hybrid) • Credentialing of students • Inability to participate if remote learning
  26. 26. Internet Access Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary • At least 30% of West Michigan students lacked access to reliable internet in Spring. • Broadband access varies significantly: • Osceola (30%) • Lake (31%) • Oceana (38%) • Kent (97.9%) • Ottawa (98.6%) Not an Easy Fix • Many providers and stakeholders • Build out is expensive • Providers need household data to invest
  27. 27. K-12 COVID Cases (Example) Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary Kent County Health Department As of October 1: • 92 schools in Kent County have had cases of COVID-19. • The total number of cases in students and staff combined is 170. • Of these cases: • 99 have had a known exposure outside of school • 6 have had a known exposure within school • 65 have had an unknown exposure.
  28. 28. • Bullet copy • Women are default caregivers • Heads of single-family households • Other copy • Other copy 28 In-person learning is significantly more effective in improving student learning outcomes Remote learning will exacerbate the achievement gap between economically disadvantaged students and their peers The risk of COVID-19 is the same for students regardless of the number of days they attend school in-person (full-time vs. hybrid) In-person learning provides opportunity to develop essential social and emotional skills and receive non-academic supports, such as mental health services. In-person learning provides a mechanism to meet students’ nutritional and physical health needs. Remote vs In-school Learning Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary
  29. 29. • Bullet copy • Women are default caregivers • Heads of single-family households • Other copy • Other copy 29 MAVIN Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary See link on Resources page
  30. 30. Agenda | Recovery in Employment, Insights & Trends | Workforce Development | Workforce D&I | Education | Summary Summary & Call to Action

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