Priming the PipelineWith a Real Return on Investment

Ranken Technical CollegeEstablished in 1907 by David Ranken, Jr.

Not-for-profit, private organization

Accredited by North Central Association of Colleges and Schools

Two & four year degrees, certificates and customized training

96% placement rate & 93% retention rate

92% of students receive financial aid; 66% receive Pell grants

Ranken Technical College Three educational emphasis:• Technical Education• General Education• Work Ethic

Industry partnerships : microenterprises andinternships

Focus: Application and work-based learning leadingto jobs/careers

Ranken Technical College 68% of new and replacement jobs in

STEM will require at least some postsecondary education

Average annual income for STEM professional is $77,800 vs the U.S. average income of $43,360

15 of the 20 fastest growing occupations require significant science or mathematics training to successfully compete for a job

Career Builder (2012, November). “Top STEM Jobs: 8 Science and Tech Careers in High Demand”, [Kelly Services’ Infographic]. Retrieved from http://jobs.aol.com/articles/2012/11/14/stem-jobs-science-tech-careers

Ranken Technical College

Source: Employment Policy Foundation analysis and projections of Census/BLS and BEA data

Millions of People

Expected Labor Force and Labor Force Demand

Between 2010 and 2025, up to 95 million baby boomers will leave the U.S. workforce or become career switchers

Only 40 million Gen X (born 1966-76) and Gen Y (born 1977-94) workers will be available to replace them

Replacement workers lack the skills and competencies of the retirees

2002

2004

2006

2008

2010

2012

2014

2016

2018

2020

2022

2024

2026

2028

2030

0

50

100

150

200

250

Labor Needed Labor Available

Ranken Technical College

-50%

0%

50%

100%

150%

200%

Mexico Brazil India China South Australia Canada US Netherlands Spain France UK Russia Italy Japan Germany Korea

Decreasing Workforce Growth Will Increase Global Competition for STEM Workers

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

United States14th in Reading17th in Science 25th in Math

1970-2010

2010-2050

A National Crisis?

Source: US Department of Labor

While over 90% of jobs will require education beyond high school

of current workforce will not be college graduates

of all workers will need retraining

70%

75%

In the next decade

Student Debt$1,000,000,000

Recent college grads owe more than $27,000 on

average, and more than 1/3of them are working in jobs that don't require a college

degree

I N D U S T R Y

MiddleSchool

High School

1 & 2 Year Programs

4 YearPrograms

• Lego Robotics• Summer

Academies Youth Teacher

• Dual Enrollment• SkillsUSA• Shearwater

Charter• TRIO mentoring• Advanced

Summer Academies

• Microenterprises• Certifications• Certificates• Apprenticeships• AAS Degrees

Work Ethic Technical Education General Education

• Bachelor’s Degree Credit for work based learning Credit for apprenticeship Credit for industrial training 100% transfer of technical

degree programs

93 % completion

96 % placement

Ranken Technical CollegeEducational Continuum

Pedagogy “….to prepare students for employment and advancement…..”

• Internships/Apprenticeships

• Work-based learning RCDC Automotive Line Shop Collision Repair

• Microenterprises JM&A BioMerieux Kemco Aerospace Hunter Engineering McCarthy Construction Ehrhardt Tool & Machine Triad Manufacturing Can-Am Cars Ltd

Microenterprise ProgramA work based experience which provides students with:

industrial training,

college credit, and

part-time salary.

Microenterprise Program Revenue generated by the partnerships, beyond operating cost, is directed to an

equipment trust fund, or

scholarship fund

to benefit participating students.

Microenterprise Program Beyond the application of fundamental industrial skills, students participate in the operation of the work cell including areas of:

logistics, human resources, finance, and quality assurance.

Organization

Goal: To have between 150-200 Ranken students engaged in microenterprises

Microenterprise PathwaysIntegrated – work based learning that is fully incorporated into course curriculum

RCDC (CRP)

Collision Repair (ACR)

Line Shop (AMT)

Microenterprises

An international biotechnology company. A world leader in providing reagents, instruments and software for vitro diagnostics.

One of the largest providers of Financial and Insurance (F&I) products in the automotive industry. One of its four service-related companies is Fidelity Warranty Service, Inc.

Parallel – work based learning not directly integrated into a curriculum but still provides complementary skills

Microenterprises

Designs, manufactures and sells car and truck service equipment. The company is an industry leader in mechanical, electrical and software design for undercar service equipment.

A diversified solutions provider for the aerospace and defense industry, providing precision machined parts, sheet metal fabrication, complex assemblies, kittings, and engineering support services to their customers.

Microenterprises

For over 40 years Cam-Am Cars has provided renovations and parts for vintage race cars. It maintains a large inventory of hard-to-find parts and conserves a showroom of completely restored high performance racers.

Building for over 150 years in 45 states, McCarthy is one of America’s oldest construction firms. With more than 2600 employees, it is an industry leader in building construction for healthcare, government, commercial, and educational organizations.

Win- Win- Win!Ranken Industry partnerships Training for instructors Equipment Revenue generator Scholarship funds Student placement

Industry Cost efficient products Industry trained team of potential employees Trial employment period before hiring

Students Actual industry experience Industry relevant training Resume builder Industry networking Relevant part-time position Leadership training

Questions ???Barbara Bragg

bebragg@ranken.edu