Grow Your Own: A Workforce Pipeline. Central Virginia Community College Stan Shoun 434-832-7610 email@example.com. Where will we find the skilled (_________) we need to compete in today’s market?. Shifting Demographics. The Lines Are Crossing: A Growing Shortage of Workers.
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Grow Your Own: A Workforce Pipeline
Central Virginia Community College
Where will we find the skilled
we need to compete in today’s market?
The Lines Are Crossing:A Growing Shortage of Workers
Shifting Demographics are the wake-up call to demand robust Workforce Planning and Re-engineering of the Workforce Pipeline.
The Crossover Point
Expected Labor Force and Labor Force Demand
Millions of People
Source: Employment Policy Foundation analysis and projections of Census/BLS and BEA data.
Students favor the social sciences
Decreasing Workforce Growth will Increase Global Competition for STEM workers
MexicoBrazil IndiaChina South AustraliaCanadaUSNetherlands Spain France UKRussia Italy Japan Germany
Source: Deloitte Research/UN Population Division (http://esa.un.org/unpp/) It’s 2008: “Do You Know Where Your Talent Is?” Why Acquisition and Retention Strategies Don’t Work, p.6
The Implications Cross ALL Market Sectors
Four generations are being asked to coexist
Source: Based in part on “Meeting the Challenges of Tomorrow's Workplace,” CEO Magazine, 2005
Old Way: Workers followed jobs
New Way: Jobs follow workers
US STEM Talent Pool Compared
Must be system orientated
Engagement of all parties (4 circles of influence)
Research & Development
Business & industry
Must be strategic, universal and completely integrated
Requires institutional paradigm shifts
Must include the “disenfranchised”
Focus on “how” not “what”
“Grow your Own”
I N D U S T R Y PARTICIPATION
R & D
“local talent for local companies”