Priming the Pipeline with a real Return on Investment Stan Shoun,...
description
Transcript of Priming the Pipeline with a real Return on Investment Stan Shoun,...
Priming the Pipeline with a real Return on
Investment
Stan Shoun, President Ranken Technical College
Ranken Technical College• Established in 1908 by David Ranken, Jr• Not-for-profit , private organization• Accredited by North Central Association of Colleges and
Schools• Two & four year degrees, certificates and customized
training• 98% placement rate & 93% retention rate• 92% of students receive financial aid; 66% receive Pell
grants • Three educational emphasis:
– Technical Education– General Education– Work Ethic
• Industry partnerships : micro-enterprises, interns and co-ops
• Focus: Application and work-based learning leading to jobs/careers
Ranken Technical CollegeThe top 10 in-demand jobs predicted for 2010 and beyond didn’t exist in 2004
80%- 90% of the fastest-growing jobs will require an education beyond high school
49 of 50 highest paying occupations require a college degree or higher
Over the past 10 years, jobs requiring science and engineering skills increased 51%
Ranken Technical College
Source: Employment Policy Foundation analysis and projections of Census/BLS and BEA data
Millions of People
Expected Labor Force and Labor Force Demand
0
50
100
150
200
250
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
2022
2024
2026
2028
2030
Labor Needed
Labor Available
Between 2010 and 2025, up to 95 million Baby Boomers will leave the U.S. workforce or change work focus
Only 40 million Gen X’ers and Y’ers will be available to replace them
The replacement workers lack the skills and competencies of the retirees.
Ranken Technical College
-50%
0%
50%
100%
150%
200%
Mexico Brazil India China South Australia Canada US Netherlands Spain France UK Russia Italy Japan Germany Korea
1970-2010
2010-2050
Decreasing Workforce Growth will Increase Global Competition for
STEM workers
Source: Deloitte Research/UN Population Division (http://esa.un.org/unpp/) It’s 2008: “Do You Know Where Your Talent Is?” Why Acquisition and Retention Strategies Don’t Work, p.6
United States: 14th in Reading 17th in Science 25th in Math
A National Crisis ?
Source: US Department of Labor
While over ninety percent of jobs will require education beyond high
school
IN THE NEXT DECADEof current workforce will not be college graduates
of all workers will need retraining
70%
75%
Student Debt
Recent college grads owe more than $26,000 on average, and more than a third of them are working in jobs that don't require a college degree
$1,000,000,000
Ranken Technical CollegeEducational Continuum
I N D U S T R Y
MiddleSchool
High School
1 & 2 year Programs
4 YearPrograms
• Lego Robotics• Summer
Academies Youth Teacher
• Dual Enrollment• Skills USA• Shearwater
Charter• TRIO mentoring• Advanced
Summer Academies
• Microenterprises• Certifications• Certificates• Apprenticeships• AAS Degrees
Work Ethic Technical Education General Education
• Bachelor’s Degree Credit for work based learning Credit for apprenticeship Credit for industrial training 100% transfer of technical
degree programs
93 % completion
98 % placement
Pedagogy “….to prepare students for employment and
advancement…..”• Co-ops/Internships/Apprenticeships• Work-based learning
RCDC Line shop Collision repair
• Microenterprises JM&A BioMerieux Kemco Aerospace Hunter Engineering McCarthy Construction Ehrhardt Tool & Machine Triad Manufacturing Can-Am Cars Ltd
Definition micro enterprise – An integrated workbased experience at
Ranken which provides the students with work experience, industrial training , college credit and/or part time salary. Beyond the application of fundamental technology skills, more senior students will participate in the operation of the work cell including areas of logistics, human resources, finance, and quality assurance. Any additional revenue generate by the partnerships, beyond operating cost, would be directed to an equipment trust fund (ETF) and/or scholarships benefiting the students of the division directly participating. Characteristics of participating programs include:
integrated – workbased learning which has been fully incorporated into course curriculum (example: RCDC)
parallel – work based learning not directly integrated into a curriculum but still provides complementary skills (example: bioMerieux)
Organization
Goal: To have between 150-200 Ranken students engaged in microenterprises !
Microenterprises(Integrated)
RCDC (CRP)
Collision Repair (ACR)
Line Shop (AMT)
Microenterprises(Parallel)
BbioMerieux is a multi-national biotechnology company. A world leader in providing reagents, instruments and software for vitro diagnostics.
JM&A Group is one of the largest providers of Financial and Insurance (F&I) products in the automotive industry. One of it’s four service related companies is Fidelity Warranty Service, Inc.
Microenterprises
Hunter Engineering Company designs , manufactures and sells car and truck services equipment. The company is an industry leader in mechanical, electrical and software design for undercar service equipment.
Kemco is a diversified solutions provider for the aerospace and defense industry. provide precision machined parts, sheet metal fabrication, complex assemblies, kittings, and engineering support services to their customers.
Microenterprises
For over forty years Cam-Am Cars has provided renovations and parts supply for vintage race cars. They maintain a large inventory of hard to find finds parts as well as a showroom of completely restored high performance racers.
Building for over 150 years in 45 states, McCarthy is one of America’s oldest construction firms. With over 2600 employees, McCarthy is an industry leader in constructing for buildings serving healthcare, education commercial and government organizations.
Win- Win- Win !• Students
– Actual industry experience– Industry relevant training– Resume builder– Industry networking– Relevant part time position– Leadership training
• Industry– Cost efficient products– Industry trained cadre of potential employees– Trial employment period before hiring
• Ranken– Direct industry partnership involvement– Training for instructors– Equipment – Revenue generator– Scholarship funds
Questions ???