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Bellevue Community College___________ Business & Professional Training Institute Training Through Tough Times Washington State Economy

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slide1

Bellevue Community College___________

Business & Professional Training Institute

Training Through Tough Times

slide2

Washington State Economy

Unemployment is on the rise. We are the state with the second highest unemployment in the nation and may not recover until 2003 or even the first quarter of 2004.

Consumer confidence down. King County’s second quarter taxable retail sales are down 6%.

Economic forecasters are very busy turning out one forecast after another.

slide3

“The Demand for IT professionals who are life long learners is stronger than ever.”

Michael Brannick

President & CEO Prometric

“It is estimated that we will need 1.3 million new computer scientists, systems analysts and computer programmers by 2006 in the United States.”

Merrill Lynch

“The attack of 9/11 has accelerated America’s transition from centralized, physical forms of communication and commerce to a decentralized cyber world where broadband, semiconductors, wireless, and ‘Convergence technologies’ will reign supreme.”

Peter Navarro

EDC Economic Forecast

slide4

Opportunities

Worldwide Security Software Revenue Forecast

(Millions of Dollars)

2000 - $3,276.00 2005 - $6,154.60

Database Management System Software Market Revenue Forecast

(Millions of Dollars)

United States 2000 - $3,854.50 2005 - $5,416.60

World Wide 2000 - $8,787.40 2005 - $12,744.90

Worldwide Business-to-Business Internet Commerce Forecast

(Millions of Dollars)

2000 – $919,000 2005 - $8,530,000

Source: Gartner Dataquest

slide5

PDA Shipments Forecast

(Thousands of Units)

United States 2000 – 5,603 2005 – 15,800

Worldwide 2000 – 10,979 2005 – 39,213

World Wide Mobile Phone Shipments Forecast

(Thousands of Units)

North America 2000 – 51,894.10 2005 – 138,014.80

Worldwide 2000 – 300,090.70 2005 – 739,204.10

U.S. Business-to-Consumer (B2C) E-Commerce Forecast

(Millions of Dollars)

2000 - $44,120 2005 - $227,690

Personal Computer Shipments Forecast

(Thousands of Units)

United States 2000 – 47,736 2005 – 54,862

Worldwide 2000 – 130,471 2005 – 181,529

Source: Gartner Dataquest

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International Data Corporation estimates that the U.S. corporate market for e-Learning will exceed $7 Billion by 2002, representing a compound annual growth rate of 98% from 1997 to 2002.

There are 170 biotech companies in Washington State that employ about 15,000 people – a number that’s expected to double by 2005.

slide7

Harvard University and the Wharton’s Business School study revealed a company’s surest way to profits and productivity is to treat employees as assets to be developed.

Motorola calculates that every dollar it spends on Training translates to $30 in productivity

gains within three years

slide9

FINDING: Almost one-third of all employees surveyed expect to leave for another job within the next year. About 20 percent estimate their chances of leaving to be greater than 50%.

Source: DDI

slide12

Technological changes increase complexity and velocity of the work environment. Today’s workforce has to process more information in a shorter amount of time. New products and services are emerging with accelerating speed.

“We are living through the second industrial revolution”

John Chambers

CEO, CISCO

What’s a great training alternative?

slide13

A Great Training Alternative

The Community Colleges in Washington State

The CC helps to raise the IT career awareness, and the opportunities in the field.

The CC trains, certifies, and upgrades the skills of the IT professional.

The CC offers quality training that is affordable, flexible, and in your community.

BCC offers .net classes, data base management and administration, and project management.

Training that helps you translate learning into superior performance.