The Educonomy: A Framework for Creating Complete Workforce Solutions July 10, 2009 Dr. Teresa Chasteen, President & CEO Worldwide Interactive Network (WIN)

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Presentation transcript:

The Educonomy: A Framework for Creating Complete Workforce Solutions July 10, 2009 Dr. Teresa Chasteen, President & CEO Worldwide Interactive Network (WIN)

Key Forces Impacting Workforce Systems Globalization of the world economy World-wide market in low skill labor Highly educated people are willing to work for less Aging and related retirements of the “baby boom” generation Preparing higher percentage of special populations classically underrepresented in the workforce Ever-increasing job churning Worldwide recessionary trends

Industry Occupations and Jobs People Knowledge and Skills Education & Training Workforce Development: Percentage of Adults (16 Years+) Participating in Adult Education Activities Workforce Quality (Workforce in Science and Engineering Occupations) Worker Productivity Higher Degree Holders (25 Years+) as a Percentage of the Population Less Than a High School Diploma 25 Years and Older Economic Indicators: Business Startups Employment Growth Personal Income Poverty Unemployment Education Indicators: 4th Grade Reading and Math High School Graduation High School Dropout College Graduation Educational Attainment Career Readiness Certificate Expanding or Declining? Growth and Demand? Current or outdated? Adequate or Inadequate? Quantity and Quality? Skills Intelligence Data: education, workforce and employment data Educonomy: The Intersection between Education and the Economy

Educonomy: Education as an Engine for Economic Development Matching skilled individuals with the needs of local industries (supply and demand). Preparing students for growing industries. Improving workforce education and training so students can find local jobs. Identifying career pathways for jobs in the region. Developing workforce literacies to attract new industry. Certifying college and work readiness.

Workforce Development Partners …

… working as a system

Planning Strategically Educonomy Scan: Industry analysis Occupational analysis Labor inventory Skill demand Education gaps Transferability skills analysis Policy & Program Scan: Occupation-driven instructional demand College and career readiness Career pathways Program and funding alignment

Advancing Work Ready Systems

Increasing Energy Efficiency: Are we ready? Projected Over SupplyProjected Under Supply Environmental Design/Architecture

Skills Gap – Dislocated Worker

Targeted Up-Skilling – Economic Development

Creating an Educonomy Framework Identify key forces impacting your economy Forecast supply and demand Analyze occupation-driven demand for education Plan strategically to meet employer skills needs (capacity planning) Integrate missions and efforts; leverage and focus resources Develop and monitor competitiveness agenda