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Peering Into the Future: Jobs, Students, Co-op. American Society for Engineering Education San Antonio, Texas January 27, 2006 Dr. Phil Gardner Michigan State University. Today. Context U.S. Global Job Market Active – yet changed Hiring Situation Being Strategic.

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peering into the future jobs students co op

Peering Into the Future: Jobs, Students, Co-op

American Society for Engineering Education

San Antonio, Texas

January 27, 2006

Dr. Phil Gardner

Michigan State University

today
Today
  • Context
    • U.S.
    • Global
  • Job Market
    • Active – yet changed
    • Hiring Situation
    • Being Strategic
today economy
U.S. Lulled Complacency

Deficit

Consumers

No savings

No homes to refinance

Housing

43% 1st time no down payment

Business

Lots of $ not putting it anywhere

Global Imbalance

Account Deficits

Misaligned

Role of $

Risky Investments

No risk attitude

Rising Oil Prices

Wild cards

Terror

“The Flu”

Trade War

Today: Economy
today s job market
Today’s Job Market
  • Active -- but different
    • Manufacturing out – retail/service in
    • Engineering Hiring
      • Manufacturing: Food, Chemical/Plastics, some Electronics, Construction, Transportation (railroads, aerospace), paper/glass, maybe utilities
      • Consulting – civil and environmental, general, services
    • Strategic
      • Internships/co-ops key tool
      • Waning days of co-op
    • How many jobs?
near future
Near Future
  • Economic – the issues
    • Deficit pressure – inflation
    • Consumer Spending –anything in your wallet
    • Technology – productivity nexus
    • Cost of doing business
      • Interest rates
      • Energy prices
      • Health care costs
    • Entitlements: Public (social security and Medicare) and private (pensions and health)
near future6
Near Future
  • Labor
    • Retirement: Fact of Fiction
    • Global: double the labor pool –India, China, Costa Rica, Ireland, Israel
    • Strategic and disposable
    • Rise of the new blue color – the technologist
future
Future
  • Totally Global – Totally Knowledge
  • Pushing to the ends of the curve
  • Emerging Sectors
  • Shortage of Engineers and Scientists
    • Train them for Me
    • Only a few good minds
students
Students
  • Who are they?
    • Millennials of course
      • Ambitious but directionless
  • What do they bring to the table?
    • Obedient, conventional, demanding attitude
  • Issues
    • Parents
    • Do I have to work?
characteristics
Special

Sheltered

Confident

Achieving

Team-Community

Educated

Passive

Obedient

Conventional

Affluent

Entitled

Lack social skills

Fear failure

Pressured

Conform – fragmented

Math adverse; low pers.

Science adverse, too

Demanding

Lack creativity

Tattoos, body piercing

Not confident (only 24%)

Characteristics
there is a catch
There Is A Catch
  • Have You Met Their Parents

The Soccer Moms have arrived on-campus

challenges in educating millennials
Challenges in Educating Millennials
  • Saturated Self
  • Literacy
    • Orality
    • Literacy
    • Electracy
  • Choice: A Paradox (see Schwartz)
    • Overwhelmed
    • Checklist
    • No integration
do i really have to work
Do I Really Have to Work?
  • Finding self –
    • Continued search for identity – until 28 or 29
  • Living With Parents
  • Truly self-absorbed
  • Optimistic a job awaits them or go back for a graduate degree
what do employers think
What Do Employers’ Think
  • Not ready to work
  • Very naïve
  • Unable to delay gratification and think long term
  • Lack of persistence when faced with setbacks
  • Expect adult relationships but difficult maintaining them
  • Want individual accommodation
colleges and universities
Colleges and Universities
  • Employer of the Choice
    • Teach them to learn
    • Teach them to work
    • Hire them
  • Entrepreneurial Campus
  • Quick and Agile
    • Tenure (Remember GM is a dinosaur)
    • Teaching Delivery
  • Learning in Context
    • Revitalizing Co-op
    • Not just an employment option