A GROWING SKILLS GAP IS HAMPERING OUR PROGRESS Cincinnati region is adding jobs But, 50% employers struggle to fill jobs 30,000+ jobs open today, despite 130,000+ people looking for work
PCW IS OUR REGION’S EFFORT TO CLOSE THE SKILLS GAP Partners for a Competitive Workforce is a tri- state partnership, managed by United Way We are 150+ organizations joining efforts… > employers > workforce boards > chambers and economic development > education and training institutions > community organizations … to go farther, faster.
Sector partnerships are closing the skills gap in key industries HEALTH CARE ADVANCED MANUFACTURING CONSTRUCTION > identify industry skill needs > align curriculum with industry demand > upgrade skills through boot camps or apprenticeships > develop career pathways > identify industry credentials > improve pre-screening, retention, and advancement practices INFORMATION TECHNOLOGY
WE ARE DELIVERING RESULTS FOR WORKERS 7,800+ trained 80% obtaining employment 73% retained for 12 months Increased annual earnings by up to $7,500; $7.3M per year total
WE ARE DELIVERING RESULTS FOR EMPLOYERS 750+ employers served Positive ROI through reduced turnover and recruitment costs $40M public/private funds leveraged National model
Monetized benefits: Monetized benefits: – Increased retention provides up to $69,000/year savings, 11.9% ROI – Wage gains for employees: $18.95/hr vs. $16.15/hr Non-Monetized benefits: Non-Monetized benefits: – Increased racial diversity: 8-12% difference in team composition – Improved staff morale and engagement WE ARE DELIVERING RESULTS FOR EMPLOYERS Health Careers Collaborative ROI Studies
TALENT PIPELINE VISION Every Student Every Semester From 4 th -12 th Grades Career-based Learning Experience Engaged and Prepared for Post-Secondary Education and Career Success
FOCUS AREA/STRATEGIC CHOICES Data “deep dive” – identify local best practices and target groups to be served to enable taking our work to scale – in order to meet Income Bold Goal Data “deep dive” – identify local best practices and target groups to be served to enable taking our work to scale – in order to meet Income Bold Goal Start the conversation about the impact of job quality on achieving economic self-sufficiency Start the conversation about the impact of job quality on achieving economic self-sufficiency Expand the Talent Pipeline work Expand the Talent Pipeline work Pilot the use of Design Thinking and 2-generation strategies to increase the number of women in manufacturing and the number of parents who encourage their children to pursue technical careers Pilot the use of Design Thinking and 2-generation strategies to increase the number of women in manufacturing and the number of parents who encourage their children to pursue technical careers
For more info, see these case studies… /New-Collective-Impact-Resources-8-Case-Studies-of- Successful-Initiatives.aspx
THANK YOU! Janice Urbanik Executive Director Partners for a Competitive Workforce