our louisiana 2020: building the workforce of tomorrow
TRANSCRIPT
OUR LOUISIANA 2020: BUILDING THE WORKFORCE OF TOMORROW
COMMUNITY & TECHNICAL COLLEGES
62,129
111,017
50,000
60,000
70,000
80,000
90,000
100,000
110,000
120,000
2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14
Annual Unduplicated Enrollment
Numbers do not include:• Over 35,000 Workforce
contract training
• Over 33,000 Adult Basic Education students
NATION’S FASTEST GROWING COLLEGES- ENROLLMENT
But… The Buzz is All About The Completion Agenda.
Who is Getting It Done?
NATION’S FASTEST GROWING COLLEGES- CREDENTIALS
14,598
29,531
10,000
12,000
14,000
16,000
18,000
20,000
22,000
24,000
26,000
28,000
30,000
2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14
Total Awards
Since 2006-07,Credentials
Have Increased
102 %
COMMUNITY AND TECHNICAL COLLEGES RETURN LOUISIANA’S
INVESTMENTState FundingPer Completer
Annual Louisiana Salary Earnings From New Completers
$149
$336
$723
$0
$200
$400
$600
$800
2000 2007 2014
Mill
ions
$21,120
$13,229
$4,655
$0
$5,000
$10,000
$15,000
$20,000
$25,000
2000 2007 2014
WHAT DOES LOUISIANA NEED FROM ITS COMMUNITY AND
TECHNICAL COLLEGES?
WORKFORCE POOL
4.6 MillionLouisiana Population
2.3 MillionNon-Working
Population
2.3 MillionWorking Adult
Population
Working AdultPopulation
2.3 Million
600,000
525,000
530,000
670,000
High School DiplomaNo Post-Secondary CredentialSome College
High School DiplomaNo Post-Secondary Credential
No High School DiplomaNo Post-Secondary Credential
High School DiplomaPost-Secondary Credential
EDUCATIONAL ALIGNMENT TO HIGH DEMAND JOB
OPENINGS
Working AdultPopulation
2.3 Million
600,000
525,000
530,000
670,000
High School DiplomaNo Post-Secondary Credential
Some College
High School DiplomaNo Post-Secondary Credential
No High School DiplomaNo Post-Secondary Credential
High School DiplomaPost-Secondary Credential
2%14%
38%
46%
AnnualJob Openings
100%
Source: LWC Long-term Occupational Forecast
DEFINING THE WORKFORCE GAP
Annual Job Openings
Annual Completions
Demand Gap
Rationale: ensures that funds are targeted to
areas of greatest unmet need
LASER FOCUS ON DEMAND GAP
TierOneTierTwo
TierThree
4 & 5Star Jobs
1, 2, & 3
Star Jobs
Critical Fields - Economic Driver Industries
Critical Fields – Healthcare & Education
Other Priorities
LOUISIANA’S WORKFORCE NEED IS GREAT
Source: Louisiana Economic Development and Louisiana Workforce Commission Gap Analysis for the WISE Act. Note: each represents 10 individuals.
Louisiana’s workforce forecast projects an ADDITIONAL ANNUAL job demand of over 14,000 “Tier One” jobs
2-Year12,152 annual
completers
4-Year2,085 annual completers
85% of additional
jobs will be supplied by 2 year colleges
“TIER ONE” JOBS REQUIRING COMMUNITY OR TECHNICAL COLLEGE EDUCATION
- ANNUAL COMPLETERS COMPARED TO TARGETED STATE NEEDS -
Source: Louisiana Economic Development and Louisiana Workforce Commission Gap Analysis
ComputerScience
ConstructionCrafts
Electricians EngineeringTechnology
Finance andAccounting
IndustrialProduction
Welding -
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
1,573
4,712
769 1,202 1,327
2,342 2,602
2,120
9,360
1,770 1,695 1,970
4,955 4,810
“Tier One” Jobs Requiring 2-Year Level Education
2012 Annual Completers Annual Completers Needed
+ 4,648+ 547 + 1,001 + 493 + 768 + 2,613 + 2,208
OUR LOUISIANA 2020
• Double graduates to 40,000 annually with a focus on increasing graduates in high demand fields.
• Double earnings of an annual graduating class to $1.5 Billion
• Quadruple transfer students to universities to 10,000 annually
• Double students served to 325,000 annually
• Quadruple partnerships with businesses to 1,000 annually
• Double foundation assets to $50 million
DISCUSSION