AgendaLabor Market Analysis
Ascend Overview
Q + A
By 2020, 62% of Indiana jobs will require post-secondary educated workers.
Workers with more advanced skills are needed to increase productivity, fill open jobs, and create economic growth.
38%
20%
34%
8%
High School Diploma or less
Bachelor’s Degree
Some College
Master’s Degree
*Indiana may be growing less quickly than our peers
Indiana Jobs by Education Level
Only 42% of Central Indiana Residents have post-secondary credentials.
With the State’s goal of 60 percent acquiring a post-secondary credential by 2025, the region will have to grow by 18 percent despite averaging only a 1.3 percentage point total growth over the past four years.1
Educational Attainment of Adults (25-64)
Approximately 5% of these residents with less than an Associate’s degree have obtained a certificate with market value
12.40% 10.40%
34.30%28.10%
21.30%23.00%
8.20%7.60%
15.20%20.20%
8.60% 9.20%
IND IA NA CENTRA L IND IA NA
No High School Diploma
High School Diploma
Some College
Associate’s Degree
Bachelor’s Degree
Master’s Degree
The gap is caused by too few students…
enrolling in higher education
concentrating in high-demand fields
completing post-secondary credentials
finding a job upon graduation in Indiana
Higher Education Only 62% of Indianapolis high school seniors go on to enroll in post-secondary education. 25% of those students require remedial coursework
50%
72%
56% 54%
62%
75%
67%
54%
33%
43%
37% 38%
23%
42%
Indianapolis PublicSchools
MSD LawrenceTWP
MSD Wayne TWP MSD Perry TWP MSD Warren TWP MSD WashingtonTWP
MSD Pike TWP
Attending College Needing Remediation
Marion County School District College Enrollment & Remediation Rates
High Demand FieldsOur regional supply pipelines are not producing enough credentialed workers in key industry clusters like information technology, manufacturing, logistics, and financial services.
Central Indiana Supply and Demand Management
1,341
2,712
5,886 6,053
7,3517,834
11,855
Construction Life Sciences &Engineering
IT Manufacturing Logistics Health FinancialServices
CTE Concentrations PSE Credential Awarded Demand 2013
Post-Secondary CredentialsWhile there has been some progress, on-time graduation rates for full-time students are insufficient to keep up with growing demand for post-secondary credentials.
Two-Year & Four-Year Graduation Rates from Public Institutions
IU Bloomington
Purdue West Lafayette
IUPUI
Avg. Regional Campuses
Ivy Tech
59.8% 83.1%
49.1% 77.3%
18.9% 48.7%
10.7% 36.6%
2.6% 12.7%
Completion at 150% Extended Time
Finding a job & staying in Indiana2/3 of Indiana college graduates stay in Indiana in their first year.By 5 years after graduation, only 55% remain employed in Indiana.
55%
59%
66%
45%
41%
34%
5 YEARS AFTER GRADUATION
3 YEARS AFTER GRADUATION
1 YEAR AFTER GRADUATION
Indiana Employment Rates After College Graduation
Employed in Indiana Not Employed in Indiana
Higher-Education Demand
Time
Gap causing wages to increase.
Income InequalityQ
uan
tity
Higher-Educated Supply
Time
Gap causing wages to decrease.
Income InequalityQ
uan
tity
Less-Educated Supply
Less-Educated Demand
Time
Gap causing wages to increase.
Gap causing wages to decrease.
Income InequalityQ
uan
tity
Less-Educated Demand
Less-Educated Supply
Higher-Education Demand
Higher-Educated Supply
AgendaLabor Market Analysis
Ascend Overview
Q + A
By 2020, more than 200,000 Central Indiana jobs will go unfilled.
The gap between open jobs and available talent continues to widen.
available talent open jobs
Meet Marielle.BA, University of Michigan
3.89 GPA
Proficient in Adobe Creative Suite
President, Delta Gamma
She’s underemployed.
After 22 applications, she heard back from
three employers. None offered her a job.
She’s currently working part-time at Godiva.
Meet Acme.800 global employees
Massive YOY growth
Named INC 5000 3 years in a row
Best places to work in Indiana
Competitive salaries and benefits
Staffing isn’t easy.
They have 200 open positions, are deluged
with irrelevant applications, and have made
talent a top priority for 2017.
EmployersTalent
Why?
Misguided job postings
Application overload
Timing
Lack of appeal
VaguenessBurdensome
Employers can’t find talent.Talent can’t find jobs.
And it’s happening a lot.
And some fields face critical talent shortages.
??
?
?
?
?
??
Ascend bridges talent and communication
gaps by creating connectivity between
people and employers.
Ascend Network
Ascend Services
Our experienced team of recruiters use our next-level talent network to match high-achieving prospects with employers.
Ascend NetworkIdentify and connect talent.
Employer Profile
Job Seeker Profile
Ascend Pre-Qualification
Ascend Network
Employer ProfileShowcase what matters most to top talent.
• Highlight specific teams
• Demonstrate your culture in action
• Display open roles by team and role
• Become a company candidates want to follow and work for
Ascend Network
Job Seeker ProfileFind the right candidate for the job, and the right person for your team.
• Use our matching score to identify the best interview candidates
• View candidate matches by teams and roles
• Access candidate experience, skills, and Ascend’s unique view of their strengths
Ascend Network
Ascend Services
Ascend’s strategic consulting services help high-growth companies identify, evaluate, and secure education partners to build their talent pipeline.
Our custom programs are tailored to your specific needs to ensure the supply is there to fill your demand.
Ascend ServicesBuild Talent Pipelines
Problem
Indiana and the nation faced a critical nursing shortage.
Solution
Community Health Network (CHNw) Nursing Academy -A unique, scalable education model that creates a work-ready pipeline of talented, highly-educated nurses who initiate and continue their careers at CHNw.
Result
Shortage addressed. CHNw staffed. Students placed.
Ascend ServicesOur Methodology
Discover the course of action
Identify & Secure education partner(s)
Develop strategic infrastructure
Launchprogram
Supportand improve
As the project lead, our team plans and develops student programs that attract, prepare, and retain.
Our VisionEvery Indiana employer has access to the skilled workforce necessary to thrive.
Every Indiana citizen has the opportunity to pursue a meaningful career path.
Education + Placement
Talent+ Jobs
Employers+ Hires
AgendaLabor Market Analysis
Ascend Overview
Q + A
Appendix A: Citations
Slide 2 - 1 Recovery: Job Growth and Education Requirements Through 2020. https://cew.georgetown.edu/report/recovery-job-growth-and-education-requirements-through-2020/. Adapted from Georgetown University Center on Education and the Workforce analysis on projections. “Some college” includes an Associate’s degree, post-secondary vocational certificate or some level of college courses completed.
Slide 3 - 1 A Stronger Nation Through Higher Education http://www.luminafoundation.org/files/publications/A_stronger_nation_through_higher_education-2015.pdf. Adapted from U.S. Census Bureau, American Community Survey. 2 Indy Chamber Comprehensive Economic Development Strategy. Adapted from U.S. Census Bureau. Central Indiana pulled from American FactFinder within the U.S. Census Bureau. 3Carnevale, A., Rose, S. & Hanson, A. (2012). Certificates: Gateway to Gainful Employment and College Degrees. Washington, DC: Georgetown University, Center on Education and the Workforce. Retrieved from http://cew.georgetown.edu/certificates
Slide 4 - 1 College Readiness Reports, 2012 Graduates. Indiana Commission for Higher Education. Adapted from remediation, GPA, and credit accumulation for IN public colleges only.
Slide 5 - 1Hoops, J. & Michon, S. (2014). Center for Education and Career Innovation: Demand and Supply Analysis.: Works Council Region 5. Indianapolis, IN: Indiana Career Council. Retrieved from http://www.in.gov/irwc/region5/files/Region_5_Demand_Supply_Final_11-17-14.pdf. Adapted from FutureWorks analysis. The first area is annual demand. Demand data are for 2013 based on FutureWorks calculations of EMSI’s projected job openings from the U.S. Bureau of Labor Statistics in 2013 and Burning Glass Labor Insight’s 2013 real-time job postings. All demand data are specific to the Works Council region
Appendix A: Citations
Slide 6 - 1 Indiana College Completion Report 2015. Indiana Commission for Higher Education. http://www.in.gov/che/files/2015_College_Completion_Report_COMPLETE_Final.pdf. Adapted for IN public colleges only. Each higher education institution faces different challenges in its efforts to improve completion and student success. Indiana colleges have different missions, different admission standards and different student populations with varying levels of academic preparation. When comparing completion rates, a campus is best measured by its improvement over its own past performance.
Slide 7 - 1 Indiana Graduates and Brain Drain. Foston and Hall. In context from the Indiana Business Research Center at IU Kelley School of Business. http://www.incontext.indiana.edu/2014/jan-feb/article1.asp Adapted from IBRC, using IWIS Data. Public institutions only. The sample included 156,587 Bachelor’s degree recipients who graduated between 2002 and 2011.
Slide 8 - 1 Indiana University Public Policy Institute Policy Choices for Indiana’s Future. http://policyinstitute.iu.edu/uploads/PublicationFiles/PC_IndIncome_Web.pdf Adapted from Indiana University Public Policy Institute analysis from U.S. Bureau of Economic Analysis. Per capita income is defined as the total personal income coming to the residents of an area divided by the population of that area. Midwest states in this graph include Indiana, Ohio, Michigan, Illinois, Wisconsin, Minnesota, and Iowa.