This document summarizes research on Michigan's workforce strengths and challenges. It finds that in the short term, Michigan is producing graduates with the right education but some lack experience/skills employers need. In the long run, Michigan faces challenges producing enough educated talent due to slow population growth and low educational attainment levels. Certain high-demand, high-wage jobs may experience under- or over-supply of graduates depending on economic conditions and number of graduates in associated fields.
Memo to Massachusetts is the cover story in our latest Vision Project Report, "Degrees of Urgency: Why Massachusetts Needs More College Graduates Now." It describes the current climate of Massachusetts public higher education, and the perfect storm of factors facing the state-- our economy's need for more college graduates, projected declines in the number of high school graduates, and the cumulative impact of historic underfunding of public higher education.
Learn more at www.mass.edu/visionproject
Towards Inclusive Education Reconciling Household Obligatory Financing and th...ijtsrd
Current international trends in education provision are tilted towards inclusive practices that place learners at the center of education by valuing their diverse needs, creating a sense of belonging and learning conditions that fosters the success of all. In Cameroon like other SSA countries, a large number of adolescents of secondary school age continue to remain unaccounted for by the educational system due to multifaceted reasons, but largely as a result of systems barriers related to the cost of education and the failure to address the inherent or innate disadvantages and disparities amongst individuals. Very often, policies on compulsory financing are based on grounds that it will augment the stock of educational financing and help close funding gaps. This paper places four key questions at the center of its discussion questions which require consideration by the government and policy makers Does the current obligatory financing policies and practices truly constitute an effective means to close the resource gaps that characterizes educational systems Are there potentials, including under effective governance and management of resources for developing countries secondary education systems to effectively accommodate the educational needs of all without relying on second stream funding to achieve this end Should the perpetual exclusion resulting from the inability of some individuals to meet the full cost of schooling be overlooked by the state although having a moral duty to fairly distribute existing opportunities or give a chance to all Does the socioeconomic context of household obligatory financing and the greater need for secondary education to equip large numbers of youths with the skills required to accelerate economic growth towards emergence, in congruence with many developing countries goals, not necessitate an urgent need to revisit and review the current policies Whatever the case may be, it is imperative that no one is excluded from benefiting from educational services of quality. The paper highlights the experiences and good practices in other developing countries, with significant schooling outcomes. A new policy approach to the financing of an inclusive secondary education project that values the needs of all is suggested in the recommendations. Prosper Mbelle Mekolle ""Towards Inclusive Education: Reconciling Household Obligatory Financing and the Problem of Access to Secondary Education in Cameroon"" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-3 , April 2019, URL: https://www.ijtsrd.com/papers/ijtsrd23521.pdf
Paper URL: https://www.ijtsrd.com/humanities-and-the-arts/education/23521/towards-inclusive-education-reconciling-household-obligatory-financing-and-the-problem-of-access-to-secondary-education-in-cameroon/prosper-mbelle-mekolle
How do we measure the economic impact of a better educated and trained U.S. workforce? The McGraw-Hill Research Foundation’s new position paper argues that adult education and career training is potentially one of the most cost-effective tools the U.S. has to recover its economic health in the aftermath of the “Great Recession.”
The paper was written by sector experts Dr. Lennox McLendon, Executive Director, National Council of State Directors of Adult Education and National Adult Education Professional Development Consortium; Debra Jones, California Director of Adult Education and Chair, NAEPDC Research Workgroup, and Mitch Rosin, Editorial Director, McGraw-Hill School Education Group.
In the policy paper, “The Return on Investment (ROI) From Adult Education and Training,” the authors contend that billions of dollars could be earned, saved and pumped back into the struggling economy as a result of investments in effective and efficient workforce development programs.
Top industries for women in us – by nailcenter.usNha Huynh
The US labor force has increasingly provided unique opportunities for professional women, and several industries have exemplified this trend. The growing female share of college degrees has benefited women in the workforce. Read more at: http://nailcenter.us/
Memo to Massachusetts is the cover story in our latest Vision Project Report, "Degrees of Urgency: Why Massachusetts Needs More College Graduates Now." It describes the current climate of Massachusetts public higher education, and the perfect storm of factors facing the state-- our economy's need for more college graduates, projected declines in the number of high school graduates, and the cumulative impact of historic underfunding of public higher education.
Learn more at www.mass.edu/visionproject
Towards Inclusive Education Reconciling Household Obligatory Financing and th...ijtsrd
Current international trends in education provision are tilted towards inclusive practices that place learners at the center of education by valuing their diverse needs, creating a sense of belonging and learning conditions that fosters the success of all. In Cameroon like other SSA countries, a large number of adolescents of secondary school age continue to remain unaccounted for by the educational system due to multifaceted reasons, but largely as a result of systems barriers related to the cost of education and the failure to address the inherent or innate disadvantages and disparities amongst individuals. Very often, policies on compulsory financing are based on grounds that it will augment the stock of educational financing and help close funding gaps. This paper places four key questions at the center of its discussion questions which require consideration by the government and policy makers Does the current obligatory financing policies and practices truly constitute an effective means to close the resource gaps that characterizes educational systems Are there potentials, including under effective governance and management of resources for developing countries secondary education systems to effectively accommodate the educational needs of all without relying on second stream funding to achieve this end Should the perpetual exclusion resulting from the inability of some individuals to meet the full cost of schooling be overlooked by the state although having a moral duty to fairly distribute existing opportunities or give a chance to all Does the socioeconomic context of household obligatory financing and the greater need for secondary education to equip large numbers of youths with the skills required to accelerate economic growth towards emergence, in congruence with many developing countries goals, not necessitate an urgent need to revisit and review the current policies Whatever the case may be, it is imperative that no one is excluded from benefiting from educational services of quality. The paper highlights the experiences and good practices in other developing countries, with significant schooling outcomes. A new policy approach to the financing of an inclusive secondary education project that values the needs of all is suggested in the recommendations. Prosper Mbelle Mekolle ""Towards Inclusive Education: Reconciling Household Obligatory Financing and the Problem of Access to Secondary Education in Cameroon"" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-3 , April 2019, URL: https://www.ijtsrd.com/papers/ijtsrd23521.pdf
Paper URL: https://www.ijtsrd.com/humanities-and-the-arts/education/23521/towards-inclusive-education-reconciling-household-obligatory-financing-and-the-problem-of-access-to-secondary-education-in-cameroon/prosper-mbelle-mekolle
How do we measure the economic impact of a better educated and trained U.S. workforce? The McGraw-Hill Research Foundation’s new position paper argues that adult education and career training is potentially one of the most cost-effective tools the U.S. has to recover its economic health in the aftermath of the “Great Recession.”
The paper was written by sector experts Dr. Lennox McLendon, Executive Director, National Council of State Directors of Adult Education and National Adult Education Professional Development Consortium; Debra Jones, California Director of Adult Education and Chair, NAEPDC Research Workgroup, and Mitch Rosin, Editorial Director, McGraw-Hill School Education Group.
In the policy paper, “The Return on Investment (ROI) From Adult Education and Training,” the authors contend that billions of dollars could be earned, saved and pumped back into the struggling economy as a result of investments in effective and efficient workforce development programs.
Top industries for women in us – by nailcenter.usNha Huynh
The US labor force has increasingly provided unique opportunities for professional women, and several industries have exemplified this trend. The growing female share of college degrees has benefited women in the workforce. Read more at: http://nailcenter.us/
2019 Election| Human Capital and Skills Management| May 2019paul young cpa, cga
For companies and government to be successful means they need to look at hard at their policies and programs to support development of their employees.
Skills Gap - Canada - Commentary and Analysis - September 2018paul young cpa, cga
The role of government is defined the educational programs required to support the economy. Too many govts across
Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
Driven by long‐term shifts in the labor market and on‐going poverty and inequality, youth employment challenges have mounted steadily over the last decade and reached a crisis point in the wake of the Great Recession. Youth unemployment in 2010 reached its highest level since World War II. The short‐ and long‐term consequences of youth unemployment are severe. Individuals who fail to
transition to stable jobs by their early 20s are at risk of experiencing more frequent and prolonged spells of joblessness, permanently lower earnings, and greater difficulty building a secure financial future for themselves and their families. Ultimately, youth unemployment and associated challenges threaten to perpetuate cycles of intergenerational poverty for individuals and communities.
The role of government is defined the educational programs required to support the economy. Too many govts across Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
Unified Exams as a Restriction to Higher Education in Latin AmericaEmilio José Calle Celi
A brief analysis of the economic results of restricting access to higher education through the application of a unified admission exam, from the perspective of 12 Latin American countries
African Leadership in ICT and Knowledge Societies: Issues, Tensions and Oppor...Wesley Schwalje
Our work on knowledge-based economies and skill formation is cited in this report by GESCI, established by the United Nations ICT Task, and funded by Irish Aid, Sida, SDC, and Ministry for Foreign Affairs of Finland. Speaking of our institutionalist approach, the report states “There is a demand for profound rethinking of the role of education and training systems and constituent actors inclusive of leadership actors to adapt and respond to skill demands of employers, technological progress and macro trends for knowledge-based socio-economic development (Schwalje, 2011).”
Education| Skills and Development| Human Capital Management| Canada| May 2019paul young cpa, cga
The role of government is defined the educational programs required to support the economy. Too many govts across Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
México se ha convertido cada vez más centrado en el fomento de la iniciativa empresarial en los últimos años. A principios de 2013, el gobierno mexicano creó el Instituto Nacional del Emprendedor (Instituto Nacional de Empresario o INADEM), un órgano administrativo dependiente de la Secretaría de Economía dirigido específicamente a desarrollar un fuerte ecosistema emprendedor. El lanzamiento ha subrayado el compromiso del país para acelerar la innovación y mejorar la competitividad de México.
For companies and government to be successful means they need to look at hard at their policies and programs to support development of their employees.
2019 Election| Skills Management| Career and Employment| Canada| September 2019paul young cpa, cga
The role of government is defined the educational programs required to support the economy. Too many govts across Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
It is not one policy that supports human capital management but many policies
2019 Election| Human Capital and Skills Management| May 2019paul young cpa, cga
For companies and government to be successful means they need to look at hard at their policies and programs to support development of their employees.
Skills Gap - Canada - Commentary and Analysis - September 2018paul young cpa, cga
The role of government is defined the educational programs required to support the economy. Too many govts across
Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
Driven by long‐term shifts in the labor market and on‐going poverty and inequality, youth employment challenges have mounted steadily over the last decade and reached a crisis point in the wake of the Great Recession. Youth unemployment in 2010 reached its highest level since World War II. The short‐ and long‐term consequences of youth unemployment are severe. Individuals who fail to
transition to stable jobs by their early 20s are at risk of experiencing more frequent and prolonged spells of joblessness, permanently lower earnings, and greater difficulty building a secure financial future for themselves and their families. Ultimately, youth unemployment and associated challenges threaten to perpetuate cycles of intergenerational poverty for individuals and communities.
The role of government is defined the educational programs required to support the economy. Too many govts across Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
Unified Exams as a Restriction to Higher Education in Latin AmericaEmilio José Calle Celi
A brief analysis of the economic results of restricting access to higher education through the application of a unified admission exam, from the perspective of 12 Latin American countries
African Leadership in ICT and Knowledge Societies: Issues, Tensions and Oppor...Wesley Schwalje
Our work on knowledge-based economies and skill formation is cited in this report by GESCI, established by the United Nations ICT Task, and funded by Irish Aid, Sida, SDC, and Ministry for Foreign Affairs of Finland. Speaking of our institutionalist approach, the report states “There is a demand for profound rethinking of the role of education and training systems and constituent actors inclusive of leadership actors to adapt and respond to skill demands of employers, technological progress and macro trends for knowledge-based socio-economic development (Schwalje, 2011).”
Education| Skills and Development| Human Capital Management| Canada| May 2019paul young cpa, cga
The role of government is defined the educational programs required to support the economy. Too many govts across Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
México se ha convertido cada vez más centrado en el fomento de la iniciativa empresarial en los últimos años. A principios de 2013, el gobierno mexicano creó el Instituto Nacional del Emprendedor (Instituto Nacional de Empresario o INADEM), un órgano administrativo dependiente de la Secretaría de Economía dirigido específicamente a desarrollar un fuerte ecosistema emprendedor. El lanzamiento ha subrayado el compromiso del país para acelerar la innovación y mejorar la competitividad de México.
For companies and government to be successful means they need to look at hard at their policies and programs to support development of their employees.
2019 Election| Skills Management| Career and Employment| Canada| September 2019paul young cpa, cga
The role of government is defined the educational programs required to support the economy. Too many govts across Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
It is not one policy that supports human capital management but many policies
אנחנו חיים בעולם מרובה ערוצים, מרובה מסכים, מרובה רשתות... המון קורה ובקצב מהיר. כולנו רוצים להיות מעודכנים בהכל עכשיו ומיד אבל בפועל אין לנו זמן... מקסימום יכולים לתפוס את ה"צינור".
בדיוק לשם כך, מחלקת מחקר אסטרטגי יצרה עבורכם את Spot‘it- סקירה שבועית שתאפשר לכם בצורה הפשוטה והקלה ביותר להתעדכן תוך מספר דקות בכל מה שחם ומעורר השראה בתרבות האינטרנט העכשווית.
ה-כול החל מסרטוני הרשת הוויראליים ביותר, פרסומות ומהלכים שיווקיים מעוררי השראה, הקליפים הנצפים ביותר, תכניות הטלוויזיה הכי מדוברות, הסרטים הכי חדשים ועוד, ועוד, ועוד...
This report explores the specific contributions made by Michigan’s higher education sector and
discusses the strong and growing need for quality postsecondary options. It builds on recent
recommendations for performance-based funding and provides a multi-pronged approach for
accelerating the pace toward Top Ten educational attainment. This report also details how higher education can help create more jobs in Michigan.
Michigan’s top economic leaders today issued a series of findings that forecast the state’s readiness to fill high-paying, high-demand jobs with educated and skilled workers.
And, while data show the state is generally prepared to meet the demand for high-wage jobs over the next three years, the ability to meet demand over the long-term is less certain.
This slide deck outlines three forces that make the case for attending college: 1) the federal college completion agenda, 2) workforce needs, and 3) individual economic security.
Help Wanted: Projections of Jobs and Education Requirements Through 2018CEW Georgetown
This landmark report shows where the jobs will be, by education level, occupation and industry through 2018, and how postsecondary education is increasingly essential to middle class earnings.
Connections As A Tool For Growth: Evidence From The LinkedIn Economic GraphLinkedIn
New evidence from LinkedIn’s current network, presented here, demonstrates the economic value of connections. We calculate an “index of connectedness” for each of 275 metro regions in the U.S., based on the average number of connections per LinkedIn member in that region. The higher the index of connectedness, the more dense the connections between LinkedIn members in that region. Using data from the Bureau of Labor Statistics, we calculate the four-year and one-year nonfarm payroll job growth for those metro regions.
This report was authored by Dr. Michael Mandel, with research supported by LinkedIn. November 2014.
The Building a New Michigan Plan is a fact-based roadmap to help Michigan become a “Top Ten” economic competitor by 2020. It is the successor to Business Leaders for Michigan's Michigan Turnaround Plan (MTP), which was designed to restart economic growth after the Great Recession.
“Thanks to the support of the public, policy makers, business and community leaders, much of the MTP has been accomplished, with positive results—new jobs, higher incomes and a growing population. Now that we’ve shored up our economic foundation, it’s time for us to get building,” said Patrick Doyle, Domino’s President & CEO and BLM Board Chair.
Doyle said while the state’s economic growth has been promising, there is much more to be accomplished.
“The Great Recession hit Michigan harder than any other state, so while our recent growth has been impressive, we’re still not where we should be in absolute terms,” Doyle said. “The Turnaround Plan headed us in the right direction. The new plan is designed to complete the mission of getting us to become a Top Ten state.”
If Michigan was performing like a Top Ten state today, there would be 120,000 more Michiganders working and $11,000 more income per person annually.
Using our Michigan Turnaround Plan as a checklist, we can see how much has been done to strengthen our state and reshape its economy. Our state finances are managed better, our tax policy has been improved, our regulatory
environment makes more sense, and the conditions are right to foster growth in our state, creating new jobs and bringing life to our communities. As you read this report, we think you’ll see that much has been done to strengthen Michigan’s economic environment. Our economy might not be a Top Ten State yet, but we’re well on our way.
In the 2012 Michigan Turnaround Plan, we identify what work remains in Steps 1-5 to further strengthen our state’s
competitiveness and put our state on a solid path to prosperity.
Now that our foundation is more solid, it is time to add a sixth step to the MTP – Leveraging Assets to Grow the New
Michigan. We identify existing Michigan assets that we believe, based on solid data, can be leveraged to accelerate
growth and transition to the New Michigan. It’s a 10+ year vision that builds on the first five steps of the Plan. We
detail the possibilities we see in each “growth opportunity”to reshape and strengthen the Michigan of tomorrow.
WELLBEING AT WORK: CREATING A MEANINGFUL EMPLOYEE EXPERIENCEHuman Capital Media
The wellbeing market is explosive. More than $45 billion is now spent every year on corporate wellbeing solutions, and the number of new ideas is explosive. How do you build a complete wellbeing strategy? In this research-based presentation, Josh Bersin, global industry analyst, will:
Describe a framework for complete wellbeing
Show you how to develop a wellbeing strategy that impacts the entire employee experience
Share details from the launch of a brand new research report, The New Corporate Wellbeing Market, authored by Josh Bersin
Join us in this webinar on Tuesday, June 4 from 12pm – 1pm Eastern to learn how wellbeing at work leads to an increase in productivity, engagement, employee retention, and a fantastic employment brand.
Arizona's Economic Imperative: Leading the Nation in Latino Student Successbvontran
Educating every student in Arizona is essential to ensuring our state’s economic prosperity, yet a growing portion of Arizona’s future workforce is falling short of essential degree completion. This is particularly true of the fastest growing demographic in our state – the Latino population.
Arizona's Economic Imperative: Leading the Nation in Latino Student Successbvontran
Educating every student in Arizona is essential to ensuring our state’s economic prosperity, yet a growing portion of Arizona’s future workforce is falling short of essential degree completion. This is particularly true of the fastest growing demographic in our state – the Latino population.
Similar to Business Leaders’ Insights: Michigan’s Workforce Strengths & Challenges (20)
Business Leaders for Michigan is pleased to provide you with this year’s fact-based assessment of Michigan’s economic competitiveness relative to other states. We compare Michigan’s performance on key output (e.g., employment, personal income) and input (e.g., taxes, education) metrics annually to that of “traditional,” “new economy,” and “Top Ten” benchmark states. These metrics provide multiple reference points to evaluate Michigan’s performance.
The conclusions included in this report are used by Business Leaders for Michigan and policymakers alike to help develop strategies for making Michigan a “Top Ten” state for jobs, personal income, and a healthy economy.
If Michigan were performing like a “Top Ten” state today, there would be:
72,300 more Michigan people working
$9,200 more income per person
$12,300 more GDP per person
Business leaders looking for places to locate or expand operations often consider the stability of government financial operations as a key factor in their site selection decisions.
When current levels of taxation and service provision are not sustainable, it creates uncertainty about the location’s long-term viability as a place to invest, live or work.
Michigan has a history of being more fiscally unstable than the average state, due to a traditionally heavier reliance on manufacturing. Michigan has had a tendency to out-perform the nation during economic recoveries and under-perform during periods of recession. These trends result in tax revenues that vary widely from year to year, making budget and economic planning a challenge for state and local officials. In addition, stagnant population growth and an aging population have increased taxpayer demand on public services.
The nearly decade-long recession Michigan experienced in the 2000’s placed significant pressure on the people of Michigan and left many local units of government in fiscal distress. State leaders responded by passing the Local Financial Stability and Choice Act (Public Act 436 of 2012) to address the growing number of local governments and school districts with unusually high levels of economic hardship. The City of Detroit filed for bankruptcy in 2013, and Michigan has had four school districts cease operations due to fiscal insolvency (Highland Park, Buena Vista, Inkster, and Muskegon Heights). Moreover, Detroit Public Schools recently came very close to insolvency.
This report provides a fact-based assessment of Michigan’s economic competitiveness relative to other states. Michigan’s performance is compared on key output (e.g., employment, GDP) and input (e.g., labor cost) metrics. A set of “traditional,” “new economy,” and “Top Ten” benchmark states were used to provide multiple reference points to evaluate Michigan’s performance.
While the intent of this report is not to make recommendations, general conclusions are outlined. These conclusions are used by Business Leaders for Michigan to help develop strategies for making Michigan a “Top Ten” state for jobs, personal income, and a healthy economy.
The Road to Renaissance initiative was the first comprehensive strategy developed to accelerate economic growth for the entire Detroit region.
The initiative was launched in 2006 by Business Leaders for Michigan (formerly Detroit Renaissance) and was based on extensive research and community input, including:
– Benchmarking 6 national & global regions
– Analyzing the region’s workforce & business strengths
– Reviewing 15 previous regional studies
– Obtaining input from 650 leaders/500 organizations
Final recommendations were released in 2007 with work continuing through 2011 and beyond. This is the final summary of our results.
Business Leaders for Michigan (BLM) hired Public Sector Consultants (PSC) to outline strategies that the State of Michigan can implement to help its regions and cities achieve their economic and urban development goals. The Brookings Institution Metropolitan Policy Program substantively
shaped and contributed to this project under the auspices of the Brookings-Rockefeller Project on
State and Metropolitan Innovation, which works to present fiscally responsible state policies and practical, metropolitan-led solutions that leaders can use to create the next American economy.
Working together on this effort, PSC and Brookings have focused on state-level interventions that
will support and empower metropolitan areas in their ongoing economic and urban revitalization efforts. This strategy recognizes that much of the heavy lifting regarding urban and metropolitan revitalization must be done at the local level, and that there is an abundance of work focused on
local urban revitalization efforts. This strategy is intended to build on those efforts, and make
recommendations regarding what the state (and other stakeholders) can do at both the state and metro-specific level to help urban metropolitan areas achieve their prosperity goals.
This report provides a fact-based assessment of Michigan’s economic competitiveness relative to other states and nations. It is used by Business Leaders for Michigan to help
develop strategies and recommendations for making Michigan a “Top Ten” state for job,
economic, and personal income growth, such as those contained in the Michigan Turnaround Plan.
Comparisons are made of Michigan’s performance with other states on key output (e.g., GDP growth) and input (e.g., labor cost) metrics. A set of “traditional,” “new economy,”
“global,” and “Top Ten” benchmark states and/or nations were used to provide multiple reference points to evaluate Michigan’s performance. While the intent of this report is not to make recommendations, general conclusions are outlined.
In 2009, Business Leaders for Michigan (BLM)
released the Michigan Turnaround Plan, a plan
on how to make Michigan a Top Ten state for
job, economic and personal income growth.
The Plan was updated in 2012 to identify the
six most distinctive assets Michigan had which
could be leveraged to accelerate growth.
These assets include the state’s engineering
prowess, geographic location, and world-class
higher education institutions, among others.
The 2013 New Michigan Report is the first in
an annual series in which Michigan’s progress
in leveraging its assets into economic growth
will be tracked. Michigan’s performance on
various metrics will be charted over time, and
compared to the results achieved in other
high-performing states.
This report provides a fact-based assessment of Michigan’s economic competitiveness relative to other states and nations. Michigan’s performance is compared with that of other
states on key output (e.g., employment, GDP) and input (e.g., labor cost) metrics. A set of “traditional,” “new economy,” “global,” and “Top Ten” benchmark states were used to
provide multiple reference points to evaluate Michigan’s performance.
While the intent of this report is not to make recommendations, general conclusions are
outlined. These conclusions are used by Business Leaders for Michigan to help develop strategies for making Michigan a “Top Ten” state for job, economic, and personal income growth, such as those contained in the Michigan Turnaround Plan.
Business Leaders for Michigan’s New Michigan strategy identified Michigan’s engineering talent as a key asset that could be leveraged to help grow the state’s economy into a Global Engineering Village. This plan was developed by a group of stakeholders to help achieve that result.
This report was unveiled at Business Leaders for Michigan's 2nd annual Leadership Summit on March 10, 2014, where nearly 500 attendees met to hear about Michigan's recent progress in six areas identified in BLM’s New Michigan strategy as having the greatest potential to grow good jobs quickly and a sustainable economy. The six areas are: engineering, logistics/supply chain, higher education, natural resources, mobility and life sciences.
Compete. Invest. Grow.
Five years after the launch of its strategy for economic change, Business Leaders for Michigan (BLM) unveiled plans for continuing Michigan’s progress toward more jobs, higher income, and a healthy economy.
This report provides a fact-based assessment of Michigan's economic competitiveness relative to other states. Michigan's performance is compared on key output (e.g., employment, GFP) and input (e.g., labor cost) metrics. A set of "traditional," "new economy,' and "Top Ten" benchmark states were used to provide multiple reference points to evaluate Michigan's performance.
The automotive industry is quickly becoming a mobility industry. This report was developed with a coalition of top industry experts, the Center for Automotive Research and McKinsey & Company. It outlines a strategy to position Michigan for long-term growth in the auto sector as it continues to transition to an increasingly advanced technology-based sector.
It was produced with support from Business Leaders for Michigan and the Michigan Economic Development Corporation. This report was developed with a coalition of top industry experts, the Center for Automotive Research and McKinsey & Company. It outlines a strategy to position Michigan for long-term growth in the auto sector as it continues to transition to an increasingly advanced technology-based sector. It was produced with support from Business Leaders for Michigan and the Michigan Economic Development Corporation.
To further Business Leaders for Michigan's strategy for building a New Michigan, it recently released The Michigan Natural Resources Business Plan: Leveraging Our Assets to Make Michigan a Top Ten State, which details recommendations for how Michigan could better leverage its strengths in natural resources, from tourism to agriculture and beyond.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the what'sapp contact of my personal pi vendor
+12349014282
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the what'sapp contact of my personal pi merchant to trade with.
+12349014282
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic DataChampak Jhagmag
In this presentation, we will explore the rise of generative AI in finance and its potential to reshape the industry. We will discuss how generative AI can be used to develop new products, combat fraud, and revolutionize risk management. Finally, we will address some of the ethical considerations and challenges associated with this powerful technology.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the what'sapp number.
+12349014282
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the what's app number of my personal pi vendor to trade with.
+12349014282
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just what'sapp this number below. I sold about 3000 pi coins to him and he paid me immediately.
+12349014282
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the what'sapp information for my personal pi vendor.
+12349014282
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Business Leaders’ Insights: Michigan’s Workforce Strengths & Challenges
1. BUSINESS LEADERS’ INSIGHTS: MICHIGAN’S WORKFORCE STRENGTHS & CHALLENGES - MARCH 20, 2013 1
Business Leaders’ Insights:
Michigan’s Workforce Strengths
& Challenges
March 20, 2013
2. BUSINESS LEADERS’ INSIGHTS: MICHIGAN’S WORKFORCE STRENGTHS & CHALLENGES - MARCH 20, 2013 2
About Business Leaders for Michigan
Business Leaders for Michigan, the state’s business roundtable, is dedicated to making Michigan a Top Ten
state for job, economic, and personal income growth. The work of Business Leaders for Michigan is guided by
the Michigan Turnaround Plan, a holistic, fact-based strategy to achieve the organization’s Top Ten goals. The
organization is composed exclusively of the chairpersons, chief executive officers, or most senior executives
of Michigan's largest companies and universities. Our members drive over 25% of the state’s economy,
provide over 325,000 direct and 820,000 indirect jobs in Michigan, generate over $1 trillion in annual
revenue and serve nearly half of all Michigan public university students. Find out more at
www.businessleadersformichigan.com.
Executive Summary
Business Leaders for Michigan’s goal of helping Michigan become a Top Ten state will be impacted by the
strength of our workforce. This paper summarizes research we conducted to identify economic trends that
will influence Michigan’s workforce needs, and suggests ways we can support state residents to meet those
needs now and in the future. Three primary findings were drawn from the research:
1. In the short run, Michigan generally appears to be producing talent with the right education, but not
enough workers have the experience and skills job providers need.
2. In the long run, Michigan faces challenges producing enough talent with the right education.
Michigan’s slow population growth and low educational attainment cannot keep pace with the
projected increase in the demand for educated talent.
3. If current trends continue, Michigan could find itself with too many people in need of lower-wage
jobs and not enough workers for many high-wage ones. Further, not all high-paying, high-demand
positions may experience an under supply of talent. This will require greater collaboration to
anticipate future employer needs through our education systems and responsive training programs.
3. BUSINESS LEADERS’ INSIGHTS: MICHIGAN’S WORKFORCE STRENGTHS & CHALLENGES - MARCH 20, 2013 3
National Workforce Trends & Profile
Globalization has accelerated America’s path towards becoming a knowledge-based economy across all
industry sectors, including traditional ones such as agriculture and manufacturing. This trend is causing
employment and income growth to be increasingly driven by one’s education level. In order to support a
prosperous economy, workers must be educated, skilled, and experienced.
The nation’s economy has shifted rapidly toward one based on knowledge and service industries and
this trend is expected to continue.
Today, 87 percent of the U.S. economy is driven by non-agricultural or manufacturing sectors, such as
professional, business and educational services, according to the Bureau of Economic Analysis.i
Knowledge and service sector jobs have been the fastest growing occupations over the past ten years,
while construction and manufacturing jobs have declined. These trends are expected to continue
through 2020, according to the Bureau of Labor Statistics,ii with the exception of a projected increase
in construction jobs tied to the economic recovery.
The result is that over 60 percent of jobs in the United States will need to be filled by those with some
form of post-secondary education by the year 2025, according to the Lumina Foundation.iii
This will require the nation to produce 62 million high quality degrees and credentials over the next
twelve years. Yet, at current rates, the nation is projected to produce only 39 million two- and four-
year college degrees by 2025, leaving a talent gap of 23 million. A failure to produce this number of
educated workers risks the nation’s ability to grow jobs and incomes.
“For individual Americans, the consequences of not completing postsecondary education are
increasingly dire. For many years, the main reason many people went to college was to gain access
to better-paying jobs that allowed them to earn more throughout their lives. But earnings potential
is no longer the only driver. In this economy, the issue is whether you even have a job.”iv
—Lumina Foundation 2013–2016 Strategic Plan
America ranks twelfth in the developed world in generating college graduates among 25–34 year olds
according to the Organization for Economic and Community Development (OECD).1 v
In almost all countries, the proportion of 25–34 year olds who attained tertiary levels of education is
greater than that of those about to leave the labor market (55–64 year olds).
If current tertiary degree attainment rates among 25–34 year olds are maintained, the proportion of
adults in France, Ireland, Japan, and Korea who have a tertiary education will grow more than that of
other OECD countries, while that proportion in Austria, Brazil, and Germany will fall further behind
other OECD countries listed in the accompanying chart.
1
The OECD is an international organization consisting of 34 member countries from all over the globe. The OECD
includes the world’s most well-developed economies and nations, as well as some that are just emerging.
4. BUSINESS LEADERS’ INSIGHTS: MICHIGAN’S WORKFORCE STRENGTHS & CHALLENGES - MARCH 20, 2013 4
Percentage of Population that has Attained Tertiary Education,
By Age Group (2009)
The education level of the workforce strongly correlates to wages and employment levels.
Jobs requiring some level of education beyond high school pay far higher wages and experience
greater employment even during recessions, according to the Bureau of Labor Statistics. vi
Unemployment Rates and Earnings by Education Level
5. BUSINESS LEADERS’ INSIGHTS: MICHIGAN’S WORKFORCE STRENGTHS & CHALLENGES - MARCH 20, 2013 5
During the recent recession, the demand for college graduates grew. Those with four-year degrees
gained jobs during and after the recession, while employment for those with two-year degrees held
constant, and those with a high school degree or less lost over 5 million jobs, according to a
Georgetown University study.vii
“It’s a tough job market for college graduates but far worse for those without a college education.”
–“The College Advantage,” Study by the Georgetown Public Policy Instituteviii
6. BUSINESS LEADERS’ INSIGHTS: MICHIGAN’S WORKFORCE STRENGTHS & CHALLENGES - MARCH 20, 2013 6
Michigan Workforce Trends & Profile
Michigan’s economy is following national trends as it diversifies towards a knowledge-based economy. This
change will require a more educated workforce to drive income and employment growth at a personal level,
and economic growth for the state as a whole.
Michigan’s economy reflects the national trend of an economy shifting rapidly to one based on
knowledge and service industries.
While manufacturing plays a larger role in Michigan than in the nation as a whole (about 16 percent
of Michigan’s GDP versus 12 percent for the nation’s GDP, according to the Bureau of Economic
Analysis),ix the economy has been diversifying for decades to reflect the growth of knowledge and
service industries.
The result is that changes in the economy will require Michigan to produce 900,000 more college
graduates by 2025 than is currently projected, according to a Lumina Foundation report.x
Help Wanted,xi a report by the Georgetown University Center on Education and the Workforce,
explains why increasing higher education attainment is so important. According to the Center’s
analysis of occupation data and workforce trends, 62 percent of Michigan’s jobs will require
postsecondary education by 2018. Between now and 2018, Michigan will need to fill 1.3 million
vacancies resulting from job creation, worker retirements, and other factors. Of these job vacancies,
836,000 will require postsecondary credentials.
This projection is recognized in the strategy Business Leaders for Michigan outlined, which identifies
the six highest-potential opportunities to grow a New Michigan economy—all of which require more
talent with some education beyond high school.
Michigan could meet nearly all of its projected talent needs by increasing post-secondary degree
attainment to 60 percent by 2025, according to the Lumina Foundation.xii
7. BUSINESS LEADERS’ INSIGHTS: MICHIGAN’S WORKFORCE STRENGTHS & CHALLENGES - MARCH 20, 2013 7
Most of Michigan’s high demand, above average wage jobs today require at least a two-year degree.
Nearly 80 percent of Michigan’s 50 most in-demand jobs that pay above average wages require at
least a two-year degree and two-thirds require at least a four-year degree, according to the Michigan
Bureau of Labor Market Information (MBLMI).xiii
Fifty-seven percent of above-average wage jobs filled by large businesses require a four-year degree,
and 62 percent require at least a two-year degree, according to a survey of BLM members.
Small and medium businesses report that 43 percent of their jobs require at least a two-year degree,
according to Glengariff.
Michigan’s relatively low education attainment levels correlate to below-average personal income.
According to the BLM 2012 Benchmarking Reportxiv, Michigan ranks 34th in residents over age 25
with a four-year degree and 36th for per capita personal income
78%
43%
62%
0
10
20
30
40
50
60
70
80
90
100
50 Most In-Demand Jobs Jobs @ Small/Medium
Businesses (<500 employees)
Jobs @ Large Businesses
Percentage of Above-Average Wage Jobs
Requiring at Least a Two-Year Degree
Michigan Ranks
34th
in Percentage
of Adults with
College Degrees
Michigan Ranks
36th
in Per Capita
Income
8. BUSINESS LEADERS’ INSIGHTS: MICHIGAN’S WORKFORCE STRENGTHS & CHALLENGES - MARCH 20, 2013 8
Michigan’s Workforce Strengths
Michigan’s economy is growing again after a decade of job losses, resulting in even stronger demand for
educated talent. Fortunately, Michigan’s colleges and universities appear to be meeting market demand for
above average wage jobs while population migration has stabilized.
Michigan’s economy is growing—small/medium (less than 500 employees) and large businesses in
Michigan are currently hiring for jobs that pay above average wages.
Ninety-two percent of Michigan’s small/medium businesses have hired an employee who earned
more than the state median wage in the past year, while 96 percent of large businesses have done the
same, according to a statewide poll conducted by the Glengariff Group and a survey of BLM members.
Michigan is a strong producer of educated talent and persons with technical degrees.
Michigan’s four-year universities rank fourth in the number of degrees awarded in critical skill areas
and sixth in science, technology, engineering, and math fields, according to the Anderson Economic
Group.
Michigan ranks 11th for the overall number of four-year or higher degrees conferred from public
universities based on population —and that number has been increasing, according to the Integrated
Postsecondary Education Data System (IPEDS).xv
Michigan ranks 21st in the number of technical two-year degrees and certificates awarded—a
number that has grown by 35% since 2003, according to most recent BLM Benchmarking Report.xvi
92%
96%
0
10
20
30
40
50
60
70
80
90
100
Small/Medium Businesses (<500 employees) Large Businesses
Percentage Hiring for Above Average Wage Jobs
9. BUSINESS LEADERS’ INSIGHTS: MICHIGAN’S WORKFORCE STRENGTHS & CHALLENGES - MARCH 20, 2013 9
Michigan businesses generally believe the state’s colleges and universities are producing graduates
with the combination of degrees and skills employers need, according to a statewide Glengariff poll
and a survey of BLM members.
Sixty-seven percent of small/medium and 85 percent of large businesses believe the state’s
universities are producing graduates who have the degrees and skills employers need.
Over 62 percent of small/medium businesses believe that the state’s community colleges are
producing graduates with the right degrees and skills, but only 49 percent of large businesses agree.
62%
67%
49%
85%
0
10
20
30
40
50
60
70
80
90
Community Colleges Universities
Businesses Satisfied with MI Higher Education System's
Production of Degrees and Skills
Small/Medium Businesses (<500
employees)
Large Businesses
10. BUSINESS LEADERS’ INSIGHTS: MICHIGAN’S WORKFORCE STRENGTHS & CHALLENGES - MARCH 20, 2013 10
Michigan’s migration patterns are stabilizing and offer an opportunity to fill talent needs as the
economy grows.
Michigan’s overall net migration has stabilized after a decade of net out-migration according to a
study by Atlas Van Lines.xvii
Michigan’s out-migration remains relatively low, including among recent college graduates, based on
U.S. Census dataxviii and analysis by the state demographer.xix For example, the average state loses 6.1
percent of its 18–19 year olds annually, compared to a mere 4.2 percent loss for Michigan. For 20–24
year olds, the average state loses five percent, versus only a 4.4 percent loss for Michigan. However,
the U.S. Census reports that Michigan attracts 50 percent fewer 18–24 year olds than the average
state.
Population Migration by State
11. BUSINESS LEADERS’ INSIGHTS: MICHIGAN’S WORKFORCE STRENGTHS & CHALLENGES - MARCH 20, 2013 11
Michigan’s Workforce Challenges
The shift to a knowledge-based economy and Michigan’s resurgent economic growth has created short- and
long-term challenges of matching workforce supply with demand. Short-term skill shortages will eventually
be replaced by long-term education shortages unless actions are taken to reverse this trend.
According to a Glengariff poll and a survey of BLM members:
Michigan businesses are experiencing some difficulty filling above average wage jobs.
Twenty-eight percent of small/medium and 73 percent of large businesses experienced difficulty
filling above average wage jobs.
A majority of these jobs were in technically oriented fields, such as engineering or information
technology, but a large number were also in management, sales, marketing, and other fields.
The difficulty in filling jobs appears to be due more to a lack of relevant experience and skills than to a
lack of proper education credentials.
Ninety-three percent of large and 88 percent of small/medium businesses report that job applicants
meet the minimum education requirements for available jobs.
Over half of all businesses report that a lack of applicants with adequate experience or skills is the
primary reason for not being able to fill above average paying jobs.
Over 90 percent of all businesses cite a job applicant’s skills and experience as being the most
important requirement for a job with their company.
88% 93%
0
20
40
60
80
100
Small/Medium Businesses (<500 employees) Large Businesses
Percentage of Applicants Meeting Education
Requirements
54% 56%
0
20
40
60
80
100
Small/Medium Businesses (<500 employees) Large Businesses
Percentage of Applicants Not Meeting Skill
Requirements
12. BUSINESS LEADERS’ INSIGHTS: MICHIGAN’S WORKFORCE STRENGTHS & CHALLENGES - MARCH 20, 2013 12
Michigan businesses identified solutions to filling high-wage, high-demand jobs in the short-term.
Businesses cited using training programs to give existing workers the relevant skills needed for
specific job openings and an online talent matching service to better match talent supply with
demand as the top two ways to supply talent for tough-to-fill jobs.
Not all high-demand, high-wage jobs are projected to have an equal supply of talent based on three-
year employment projections. Our research in this area was supplemented with data from the
Michigan Bureau of Labor Market Information and Kelly Services/Economic Modeling Specialists Inc.
(KS/EMSI) data, which showed:
Occupations with a high number of openings (high-demand occupations) experience an over-supply
of talent when the state is producing more graduates than openings in those fields.
If the economy grows and increases demand for their services, occupations can change from having
too much supply to not enough.
Eight of the top ten high-demand, high-wage jobs listed by the MBLMIxx are projected to be in over-
supply of talent over the next three years, according to data provided by KS/EMSI.
Specific examples listed below identify projected job openings versus graduates in associated fields
in 2011:
o Registered nurses: The number-one high-demand, high-wage occupation with between
3,285 and 3,767 annual job openings versus a supply of 6,809 annual graduates. The result is
an over-supply of between 3,042 and 3,524 people.
o Elementary school teachers (excluding special education): One of the top ten high-demand,
high-wage occupations with between 1,013 and 1,227 annual job openings versus a supply
of 1,749 annual graduates. The result is an over-supply of between 522 and 736 people.
o Personal financial advisors: An occupation with 2,654 annual openings versus 1,494 annual
graduates resulting in an under-supply of 1,160 people.
32% 31%
7% 13% 17%21%
30%
13% 6%
30%
0
10
20
30
40
50
60
70
80
90
100
Increase support
for programs that
help existing
workers get trained
for specific job
openings
Create a Michigan-
specific online
talent matching
service
Increase the
number of college
graduates with
specific degrees
Increase the
number of
community college
graduates with
specific degrees
Other
Top Ways to Supply Talent for Tough-to-Fill Jobs
Small/Medium Businesses (<500 employees) Large Businesses
13. BUSINESS LEADERS’ INSIGHTS: MICHIGAN’S WORKFORCE STRENGTHS & CHALLENGES - MARCH 20, 2013 13
Matching the Supply of Educated Workers with Future Demand:
Three-year Projections of Job Openings vs. Annual Graduates
Michigan’s slow population growth and aging demographics mean a shrinking talent pipeline.
Michigan will have a smaller talent pool with approximately 100,000 fewer 18–24 year olds by 2025
as the state’s population ages, according to the U.S. Census. xxi
Michigan universities rank 35th for the proportion of out-of-state and international freshmen
students versus sixteenth for enrolling in-state students, according to IPEDS data.xxii
We are unlikely to produce enough in-state talent to meet projected talent needs by increasing in-
state enrollments alone.
WHERE WE WANT TO BE:
Supply = Demand
14. BUSINESS LEADERS’ INSIGHTS: MICHIGAN’S WORKFORCE STRENGTHS & CHALLENGES - MARCH 20, 2013 14
Small/medium Michigan businesses do not recruit at the state’s colleges and universities or utilize
internships to the extent of larger businesses.
Eighty-eight percent of large and 42 percent of small/medium businesses recruit at Michigan
universities.
Fifty-seven percent of large and 38 percent of small/medium businesses recruit at Michigan’s
community colleges.
Eighty-seven percent of large and 34 percent of small/medium businesses utilize internships in
Michigan as a way of recruiting talent with the relevant skills needed for their job openings.
42%
88%
38%
57%
34%
87%
0
10
20
30
40
50
60
70
80
90
100
Small/Medium Businesses (<500
employees)
Large Businesses
How Michigan Businesses Recruit Talent
Recruit at Universities
Recruit at Community Colleges
Utilize Internships
15. BUSINESS LEADERS’ INSIGHTS: MICHIGAN’S WORKFORCE STRENGTHS & CHALLENGES - MARCH 20, 2013 15
Findings
Business Leaders for Michigan reached three primary findings as a result of the research compiled and
analyzed for this report. These findings are based on America’s and Michigan’s migration to a knowledge-
based economy (including jobs in the agricultural and manufacturing sectors that pay above-average wages),
in which employment and earnings are increasingly tied to education levels and economic growth is driven
by the educational quality of the workforce.
1. In the short run, Michigan generally appears to be producing talent with the right education, but not
enough workers have the experience and skills job providers need.
2. In the long run, Michigan faces challenges producing enough talent with the right education.
Michigan’s slow population growth and low educational attainment cannot keep pace with the
projected increase in the demand for educated talent.
3. If current trends continue, Michigan could find itself with too many people in need of lower-wage
jobs and not enough workers for many high-wage ones. Further, not all high-paying, high-demand
positions may experience an under supply of talent. This will require greater collaboration to
anticipate future employer needs through our education systems and responsive training programs.
Research Methodology
Business Leaders for Michigan (BLM) utilized four primary sources of data to identify how well the workforce
meets the current job market’s requirements and the impact of future trends for this paper.
A statewide poll of 600 small/medium sized Michigan businesses conducted by the Glengariff Group,
Inc. The poll included businesses with more than ten employees who had hired someone earning a
minimum of $36,000 annually in the past 12 months or who had difficulty filling a position that pays
a minimum of $36,000 annually. Retail and hospitality businesses were screened out of the sample.
The live operator telephone survey was conducted January 3–15, 2013.
A poll of BLM companies using questions used in the poll of small/medium businesses above.
Government data sources, particularly those of the U.S. Census, Bureau of Labor Statistics and Bureau
of Economic Analysis, and Michigan Bureau of Labor Market Information.
Analysis of data compiled by non-government sources, such as Kelly Services/Economic Modeling
Specialists Inc. (KS/EMI) and Anderson Economic Group (AEG).
Resources
Business Leaders for Michigan: 2012 Economic Competitiveness Benchmarking Report
Business Leaders for Michigan Higher Education Performance Tracker
Georgetown University Center on Education and the Workforce
Lumina Foundation: A Stronger Nation through Higher Education
Michigan Census Data: Michigan Center for Shared Solutions and Technology Partnerships
Michigan Labor Market Information
U.S. Bureau of Economic Analysis
U.S. Bureau of Labor Statistics
16. BUSINESS LEADERS’ INSIGHTS: MICHIGAN’S WORKFORCE STRENGTHS & CHALLENGES - MARCH 20, 2013 16
EndNotes
i U.S. Bureau of Economic Analysis (BEA). Retrieved February 25, 2013, from
http://bea.gov/iTable/iTable.cfm?ReqID=5&step=1#reqid=5&step=1&isuri=1&402=15&403=1
ii U.S. Bureau of Labor Statistics (BLS). Table 2. Employment by major industry sector, 2000, 2010, and
projected 2020. Retrieved February 25, 2013, from http://bls.gov/news.release/ecopro.t02.htm
iii Lumina Foundation Strategic Plan. (2013). Indianapolis, IN: Lumina Foundation.
iv Ibid.
v Education at a Glance (p. 25–212). (2011). The output of educational institutions and the impact of learning.
Paris, France: OECD.
vi “Education pays: more education leads to higher earnings, lower unemployment.” (2010,
Summer). Ocupational Outlook Quarterly, 54, 32. Retrieved February 25, 2013, from
http://www.bls.gov/ooq/2010/summer/oochart.pdf
vii Carnevale, A., Jayasundera, T., & Cheah, B. (2012). The College Advantage: Weathering the Economic Storm.
Washington, DC: Georgetown Public Policy Institute.
viii Ibid.
ix Regional Data. (n.d.). U.S. Bureau of Economic Analysis (BEA). Retrieved February 25, 2013, from
http://bea.gov/iTable/iTable.cfm?reqid=70&step=1&isuri=1&acrdn=1#reqid=70&step=10&isuri=1&7007=
2011&7093=Levels&7090=70&7035=-1&7036=-1&7001=1200&7002=1&7003=200&7004=NAICS&7005=-
1&7006=26000
x A strong nation through higher education. (2012). Indianapolis, IN: Lumina Foundation.
xi Carnevale, A., Smith, N., & Strohl, J. (2010). Help wanted: projections of jobs and education requirements
through 2018. Washington, DC: Georgetown University Center on Education and the Workforce.
xii A strong nation through higher education. (2012). Indianapolis, IN: Lumina Foundation.
xiii Michigan's Hot 50. (2011). Lansing, MI: Michigan Bureau of Labor Market Information and Strategic
Initiatives.
xiv
Business Leaders for Michigan (2012). 2012 Economic Competitiveness Benchmarking Report. Detroit, MI:
Business Leaders for Michigan.
xv A-Z, S. I. (n.d.). College & Career Tables Library. National Center for Education Statistics (NCES) Home Page, a
part of the U.S. Department of Education. Retrieved February 26, 2013, from
http://nces.ed.gov/datalab/tableslibrary/searchresults.aspx?type=search&keywords=&datasource=IPEDS&r
eleaseyear=0&ipeds=0&showlike=no&type_get=get
xvi Business Leaders for Michigan (2012). 2012 Economic Competitiveness Benchmarking Report. Detroit, MI:
Business Leaders for Michigan.
xvii Moving Migration Patterns | Atlas Van Lines. Moving Companies - Movers - Moving Services | Atlas Van Lines.
Retrieved February 26, 2013, from http://www.atlasvanlines.com/migration-patterns/
xviii LISTSERV 15.5 - POPULATION-CENSUS Archives. LISTSERV 15.5 - State Of Michigan Listserv Archives at
LISTSERV2.MICHIGAN.GOV. Retrieved February 26, 2013, from
http://listserv2.michigan.gov/wa.exe?A2=ind1209C&L=POPULATION-CENSUS&D=1&P=957
17. BUSINESS LEADERS’ INSIGHTS: MICHIGAN’S WORKFORCE STRENGTHS & CHALLENGES - MARCH 20, 2013 17
xix CGI - Migration. SOM - State of Michigan. Retrieved February 26, 2013, from
http://www.michigan.gov/cgi/0,4548,7-158-54534-140915--,00.html
xx Michigan's Hot 50. (2011). Lansing, MI: Michigan Bureau of Labor Market Information and Strategic
Initiatives
xxi CGI - State Population Projections to 2030. (n.d.). SOM - State of Michigan. Retrieved February 26, 2013,
from http://www.michigan.gov/cgi/0,1607,7-158-54534-116118--,00.html
xxii A-Z, S. I. (n.d.). The Integrated Postsecondary Education Data System - Home Page . National Center for
Education Statistics (NCES) Home Page, a part of the U.S. Department of Education. Retrieved February 26,
2013, from http://nces.ed.gov/ipeds/