Building the Educonomy

Size: px

Start display at page:

Download "Building the Educonomy"

Baldric Jenkins
5 years ago
Views:

2 Building the Educonomy Brandon Busteed Executive Director Education & Workforce

3 A BROKEN LINK BETWEEN EDUCATION AND WORK 3

CURRENT EDUCATION MEASURES INSUFFICIENT INPUTS

Hope is a stronger predictor of college success

4 CURRENT EDUCATION MEASURES INSUFFICIENT INPUTS High School GPA, Rank In Class SAT, ACT OUTPUTS GPA, Rank In Class Retention Rates, Degree Attainment Gainful Employment And maybe - CLA, etc. Hope is a stronger predictor of college success than SAT and GPA. Copyright 2013 Gallup, Inc. All rights reserved. 4

6 WHAT DOES A GREAT LIFE LOOK LIKE? Purpose How you occupy your time; liking what you do each day Social Relationships and love in your life Financial Managing your economic life to reduce stress and increase security Physical Good health and enough energy to get things done daily Community Engagement and involvement in the area where you live Copyright 2015 Gallup, Inc. All rights reserved.

WELL-BEING MATTERS TO THE WORLD Gallup s key metrics revealed tension mounting prior to the Arab Spring which traditional metrics missed: EGYPT: RECENT TRENDS IN PERCENTAGE THRIVING AND

7 WELL-BEING MATTERS TO THE WORLD Gallup s key metrics revealed tension mounting prior to the Arab Spring which traditional metrics missed: EGYPT: RECENT TRENDS IN PERCENTAGE THRIVING AND GDP PER CAPITA (PPP) GDP per capita (ppp) estimates are from the International Monetary Fund s World Economic Outlook database. Copyright 2015 Gallup, Inc. All rights reserved.

11 DEMAND FOR HIGHER EDUCATION IS HIGH 95% say it is very important to somewhat important to have a certificate or degree beyond high school 41% of Americans, in the last 12 months, have thought about going back to get a certificate or degree Copyright 2014 Gallup, Inc. All rights reserved. 11

12 BUT QUALITY IS IN QUESTION HALF (46%) say U.S. higher education is the same or worse than higher education in other countries 58% say U.S. higher education is the same or worse than it s been in the past 19% of C-level business leaders strongly agree US has the highest quality higher education system in the world Copyright 2014 Gallup, Inc. All rights reserved. 12

13 AND QUALITY IS DEFINED BY A GOOD JOB AMERICANS: very important reason for getting education beyond high school (Gallup/Lumina poll) To Get a Good Job 67% Top reasons FRESHMEN cite for going to college (UCLA CIRP) To Get a Good Job 88% PARENTS OF 5 TH -12 TH GRADERS: very important reason for getting education beyond high school (Gallup/IHE poll) To Get a Good Job 38% Copyright 2014 Gallup, Inc. All rights reserved. 13

15 HOW DO BUSINESS LEADERS MEASURE THE QUALITY OF GRADUATES? Percent responding very important Knowledge Skills Major Alma Mater Americans Business Leaders Please tell me if each of the following factors are very important, somewhat important, not very important, or not at all important to managers making hiring decisions for organizations. Copyright 2014 Gallup, Inc. All rights reserved. 15

16 WHAT BUSINESS LEADERS WANT MOST #1: Internships/on-the-job experience In your opinion, what talent, knowledge, or skills should higher education institutions develop in students to best prepare them for success in the workforce in the coming years? Copyright 2014 Gallup, Inc. All rights reserved. 16

17 HIGHER ED AND BUSINESS COLLABORATION 13% of business leaders think there is a great deal of collaboration between higher ed and businesses 88% favor an increased level of collaboration 77% say businesses should do more to increase their collaboration with higher ed institutions Copyright 2014 Gallup, Inc. All rights reserved. 17

18 GALLUP-PURDUE INDEX GREAT JOBS AND GREAT LIVES

19 WORKPLACE ENGAGEMENT GREAT JOBS 12% ACTIVELY DISENGAGED 39% ENGAGED Male grads more likely to be employed full-time for an employer than female grads 63% vs. 52% MALE FEMALE 49% NOT ENGAGED Female grads more likely to be engaged in their jobs than male grads 42% vs. 36% FEMALE MALE Copyright 2014 Gallup, Inc. All rights reserved. 19

WELL-BEING GREAT LIVES FOR GRADUATES Only

as a person 27% A mentor who encouraged my hopes and

22 IT S HOW YOU DO IT At least one professor who made me excited about learning 63% Professors cared about me as a person 27% A mentor who encouraged my hopes and dreams 22% Copyright 2015 Gallup, Inc. All rights reserved.

learning 29% Extremely involved in extra-curricular

23 IT S HOW YOU DO IT Long-term project taking a semester or more to complete 32% Internship or job where applied learning 29% Extremely involved in extra-curricular activities & organizations 20% Copyright 2015 Gallup, Inc. All rights reserved.

24 STUDENT LOANS CAN CRUSH WELL-BEING Graduates who took out between $20,000 and $40,000 in undergraduate student loan debt are more than 3x less likely to be thriving in their well-being compared to those with no loan debt Percentage thriving in all five elements 16% 14% 12% 10% 8% 6% 4% 2% 0% Loan Debt for Undergraduate Education and Well-Being 14% 11% 7% No debt $1-$10,000 $10,001-$20,000 $20,001-$40,000 $40,001+ 4% 2% Copyright 2014 Gallup, Inc. All rights reserved. 24

25 AND THEY CAN STIFLE ENTREPRENEURSHIP Loan Debt for Undergraduate Education and Starting Business Percentage who started own business 30% 25% 20% 15% 10% 5% 26% 25% 21% 20% 16% 0% No debt $1-$10,000 $10,001-$20,000 $20,001-$40,000 $40,001+ Copyright 2014 Gallup, Inc. All rights reserved. 25

Selling Wellbeing. Brandon Busteed, Executive Director Education and Workforce Development

Selling Wellbeing. Brandon Busteed, Executive Director Education and Workforce Development Selling Wellbeing Brandon Busteed, Executive Director Education and Workforce Development Why College? To Get a Good Job. To Get a Good Job 67% Americans: very important reason for getting education beyond