Degrees: A Smart Investment Presentation to Denver Metro Chamber s Education Forum May 22

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1 Degrees: A Smart Investment Presentation to Denver Metro Chamber s Education Forum May 22 1

2 Presenters: Jo Winger de Rondon, Vice President, CAEL Kim Poast, Ph.D. Associate Deputy Director- Access & Student Services Colorado Department of Higher Education Devon Coombe, Director of Business & Budget Planning, CAEL 2

3 An Introduction What is CAEL? CAEL mission linking learning and work How are we connected to My Degree Matters Colorado? 3

4 A study by the Federal Reserve Bank of New York found that in each U.S recession since 1980, an increasing share of total unemployment was caused by structural job loss, not by short-term cyclical layoffs. A Stronger Nation through Higher Education, Lumina Foundation 4

5 52% of American companies are unable to fill mission critical positions Manpower Economist Intelligence Unit 5

6 By 2018 employers will need 23 million new workers with post-secondary degrees and we will be 3 million short Georgetown University Center on Education and the Workforce,

7 2018 in Colorado 67% of jobs will require postsecondary education (2.1 million jobs) Employers will need to fill 924,000 job vacancies Of these vacancies, 609,000 will require postsecondary credentials Help Wanted: Projections of Jobs and Education Requirements Through 2018, Georgetown University Center on Education and the Workforce, June

8 The Competition City with greatest increase in post-secondary degrees nets $1M Launch national campaign centered on talent development Reality = everyone wins 8

9 The Talent Dividend

10 Partners Aurora Chamber of Commerce & Mayor s office Accenture Accellent Better Business Bureau Broomfield, City and County Broomfield Chamber of Commerce Broomfield Business Resource Center CAEL Center for Work Education and Employment College America College Invest College Summit College in Colorado Colorado Christian University CO Community College System CO Department of Higher Education Colorado Lt. Governor s Office Colorado State University CSU Global Campus CSU Online Plus Colorado Succeeds Colorado Technical University Colorado Trust Columbia College Community College of Aurora Community College of Denver Denver Foundation Denver Mayor s Office Denver Metro Chamber of Commerce Denver Scholarship Foundation DeVry University Downtown Denver Partnership Education Opportunity Center Hispanic Chamber of Commerce Kaiser Permanente Leadership Science Institute LEARN Linhart PR Metro Denver EDC Metropolitan State University of Denver Miles Above Strategies Mountain States Employers Council Red Rocks Community College Regis University University College, University of Denver University of Colorado University of Colorado at Denver University of Phoenix 10

11 A Winning Strategy for Colorado Leverage existing college completion initiatives Reverse transfer Credit for Prior Learning, including LearningCounts.org Dual high school college initiatives Best practices in remediation 11

12 What can you do? 12

13 Employer Scan internally for some college but no degrees Strategic tuition assistance Cover Prior Learning Assessment in tuition policy (PLA) (students with PLA credit are 2 ½ times more likely to graduate) 13

14 Higher Education Online education programs for adult learners Dual language programs Leverage assessment of learning For adult learners Economic Development & Community Leaders Champion workforce education and degrees as part of your long-term economic development strategy Leverage your communications channels for MDMC 14

15 15

16 July 29, am 5pm Regis University Topics include: Prior learning assessment for veterans Assessment, competencies, and credit for learning Financing education Education in the eyes of employers Improving recruitment, retention and graduation for Hispanic students 16

17 Can we count on you? Jo Winger de Rondon

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