The Economic Case for College and Career Readiness: Implications of National Trends American Diploma Project ▪ September 2011 Dr. Brian K. Fitzgerald, CEO Nationally, employers expect employees to use a broad set of skills. Learning Outcomes Desired by Employers Learning Outcomes Concepts and new developments in science and technology The ability to analyze and solve complex problems The ability to apply knowledge and skills to real-world settings Critical thinking and analytical reasoning skills The ability to effectively communicate orally and in writing 0% 20% 40% 60% 80% Percent Who Agree With Each Statement 100% ©BHEF SOURCE: Hart Research Associates. (2010). Raising the Bar: Employers’ Views on College Learning in the Wake of the Economic Downturn. 2 Current workforce demands indicate acute labor surpluses and shortages. National Workforce Surpluses and Shortages SOURCE: Light, J. (2011). Labor Shortage Persists in Some Fields. Wall Street Journal ©BHEF 3 And future workforce projections indicate on-going shortages, especially in high growth career fields. 14 12 Percent 10 8 6 4 2 0 Management Education Health Care Computer Specialties Community Services Career Fields Projected Annual Job Openings Career Interested and Math Proficient ©BHEF SOURCE: Derived from ACT’s The Condition of College and Career Readiness, 2010 4 These shortages, especially in STEM, are the result of systemic leaks in the production and career pipeline. ©BHEF 5 American students’ math proficiency and STEM career interest decline throughout high school. By 12th grade, only 17% of students are math proficient and interested in a STEM career. ©BHEF 6 SOURCE: The Business-Higher Education Forum. (2011). The STEM interest and proficiency challenge: Creating the workforce of the future. The threat to our nation’s competitiveness is even more apparent when we analyze 12th graders math proficiency and interest in STEM by race/ethnicity. 70% 60% 50% Math Proficient/STEM Interested 40% Math Proficient/Not STEM Interested Not Math Proficient/STEM Interested 30% Not Math Proficient/Not STEM Interested 20% 10% 0% African American Caucasian Asian American Latino/Hispanic American Indian 7 SOURCE: The Business-Higher Education Forum. (2011). The STEM interest and proficiency challenge: Creating the workforce of the future. Once those students enroll in college, undergraduate STEM attrition by major is also substantial. 80 Attrition Rate (%) 70 60 50 40 30 20 10 0 Biology Computer Science Engineering Physical Sciences* Math STEM Anticipated Major *includes Chemistry, Physics, Earth and Planetary Sciences SOURCE: Koff, R., Molter, L., & Renninger, K.A. (2009). Why Students Leave STEM Fields: Development of a8 Common Data Template and Survey Tool. A report to the Alfred P. Sloan Foundation. ©BHEF And only about half of STEM college graduates choose to work in STEM careers upon graduation. SOURCE: Carnevale, T. (2011). The STEM Workforce. Presentation to the PCAST Working Group on STEM Higher Education, April 15, 2011. ©BHEF 9 BHEF addresses this challenge by: • • • Developing, documenting and disseminating replicable models of education improvement and workforce alignment, especially in STEM Collaborating with members to lead education and workforce projects in their communities Further developing BHEF’s unique tools and resources to support education stakeholders leading high-impact change around education and workforce misalignment ©BHEF 10