impact of career pathways on participant and employer outcomes
TRANSCRIPT
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Impact of Career Pathways on Participant and Employer Outcomes
Presented by:Stephen Tucker, MBA, Senior Manager of Industry Partnerships,
andSharron DiMario, MHA, Executive Director, Health Careers Collaborative
Partners for a Competitive WorkforceFebruary 25, 2015
Today’s Presentation Outline
Overview of Partners for a Competitive Workforce
Summary of NFWS Credentials and Evaluation Reports
Lessons Learned and Plans for the Future
A GROWING SKILLS GAPIS HAMPERING OUR PROGRESS
The good news: Cincinnati is growing jobs but, 50% of employers struggle to fill them
30,000+ jobs open today, despite 130,000+ people looking for work
9 out of 10 well-paying jobs require some education or training beyond high school
But nearly half of our current workforce lacksany education beyond high school
For the region
Inability to attract and retain
companies, and thus, grow our
economy
Higher poverty & unemployment
For employers
Inability to find the skilled workers they
need to compete and grow
For individuals
Inability to secure good jobs, and thus
provide financial stability for
themselves and their families
THE CONSEQUENCE OF THE SKILLS GAP
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PCW IS OUR REGION’S EFFORT TO CLOSE THE SKILLS GAP
PCW is a Tri-State partnership, managed by United Way of Greater Cincinnati
We are 150+ organizations joining efforts…
employers
workforce boards
chambers and economic development
education and training institutions
community organizations
… to go farther, faster.
OUR MISSION: MEET EMPLOYER DEMAND BY GROWING THE SKILLS OF THE WORKFORCE
Connect businesses to qualified workers
Build career pathways in healthcare, manufacturing, construction, IT and transportation/distribution/logistics
Improve work readiness to prepare people to succeed in employment
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WE ARE DELIVERING RESULTS FOR WORKERS
9,100+ served
80% obtaining employment
69+% retained for 12 months
INDEPENDENT EVALUATION HIGHLIGHTS*
Compared to traditional job training programs, PCW-supported programs deliver:
40% higher employment rates
Up to 58% higher earnings
$7.3M increase in annual earnings(*Source: Quasi-Experimental Impact Study of NFWS/SIF Workforce Partnership Programs, 2014 , www.nfwsolutions.org)
• Increased retention provides up to $69,000/year savings = 11.9% ROI
• Wage gains for employees: $18.95/hr. vs. $16.15/hr.
• Increased racial diversity: 8-12% difference in team composition
• Improved staff morale and engagement
DELIVERING RESULTS FOR EMPLOYERS
Health Careers Collaborative ROI Studies
CREDENTIALS REPORT DATA*
3,854 clients from the G*Stars Regional Workforce System matched to the Ohio Unemployment Insurance Tax System
Clients from three career pathways, job readiness programs and One Stops delivering the NCRC
(*Source: Participant Employment and Earnings Outcomes, 1st Quarter 2007 – 2nd Quarter 2012)
Highest Credential
% Total
Associate degree
2%
Occupational certificate
48%
NCRC 9%
Job-readiness training
41%
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IMPACT OF CREDENTIALS ON EMPLOYMENT
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
1 2 3 4
1 qtr. prior to intake Quarters after final exit
Associate's degree
Occupational certificate
NCRC
Job readiness training
+4%
+17%
+34%
+17%
$-
$500
$1,000
$1,500
$2,000
$2,500
1 2 3 4
1 qtr. prior to intake Quarters after final exit
Associate's degree
Occupational certificate
NCRC
Job readiness training
IMPACT OF CREDENTIALS ON MONTHLY EARNINGS
+$2,914/yr
+$3,968/yr.
+$7,482/yr.
+$3,916/yr.
LESSONS LEARNED ANDPLANS FOR THE FUTURE
Creating a common, regional data collection and reporting system is important
Data supports requests for funding and staffing
Investing in a longitudinal, K – 12 and through college and workforce data system
Continue progress on Workforce Data Quality Campaign: all students/pathways, industry-recognized credentials, employment outcomes, LMI, data access and appropriate use
RESOURCES
Credentials Report Data: Christopher Spence, New Growth Group, LLC at 216-471-8228, [email protected]
IMPAQ: www.impaqint.org
Sharron DiMario, Health Careers Collaborative at [email protected] and Stephen Tucker at [email protected] or www.competitiveworkforce.com