The Workforce of Tomorrow

2. The Workforce of Tomorrow How we can prepare the young people of today for their future employment

3. What we’ll cover • What employers want • Why they want it • How we can help them...and the young people studying with us

4. Graduate employment • One third of all jobs require graduate level skills (CBI) • Slightly less than that are at graduate level • Bank of England – last 10 years all employment growth in graduate jobs, decline in prospects without higher education

5. Are we doing enough? “…we believe the current supply of graduates is broadly acceptable in terms of quantity, there are question marks over quality – especially what they’re studying and how they use what they’ve learnt.” Richard Lambert, Director-General CBI , Oct 2009

6. What employers are looking for • Institute of Directors members survey • IoD has 45,000 members, mostly in the UK • Incorporated by Royal Charter 1906 • Leading professional body for UK company directors • Half of IoD members employ recent graduates

7. Subject vs General Ability • 44% looking for specific technical knowledge, eg STEM • 48% take degree as indication of all-round ability

8. Employability skills • Highly sought-after • Need to hit the ground running and add value • Evidence of skills in team-working, communication, creativity, having a positive attitude, good work ethic, being punctual, reliable and able to meet deadlines.

9. IoD Top 10 Skills 1. Honesty and integrity; 2. Basic literacy skills; 3. Basic oral communication skills (e.g. telephone skills); 4. Reliability; 5. Being hardworking and having a good work ethic; 6. Numeracy skills; 7. A positive, ‘can do’ attitude; 8. Punctuality; 9. The ability to meet deadlines; and 10. Team working and co-operation skills

10. Employers most impressed by... • Honesty and integrity (93%) • IT skills (85%) • Reliability (85%) • Ability to work in teams (82%)

11. ...but less impressed by gaps • Business acumen (-41%) • Leadership skills (-41%) • Decision-making (-42%) • Negotiating/influencing skills (-42%) Where evidenced, a big “sell” for employers

12. Net result • Only 25% of employers believe young people (graduates and non-graduates) are well-prepared for employment • Employability skills keenly sought • 90% of directors believe universities should do more to enhance employability skills

13. Overall • 71% of companies satisfied overall with standard (12% dissatisfied) • 68% satisfied with technical skills (9% dissatisfied) • 55% satisfied with wider employability skills (18% dissatisfied)

14. How universities compare • 51% - quality of university education good or excellent • 31% - FE good or excellent • 22% - schools good or excellent

15. Recommendations • No one “right” way, but employability and enterprise must be central to education • Embed within programmes – not an optional extra

16. What Teesside University Business School is doing • Full undergraduate review 2008/9 – “live” October 2009 • Business-led approach • Designed from the customer in, rather than out from our interests

17. Three big changes... • Skills embedded in programmes – not “do you know how to do it?”, but “have you done it?” • Leadership and mentoring module– compulsory part of every programme • Team working assignments- having to work with people you don’t like, persuading and influencing, presentation skills

18. ...and the biggest one of all • Use of leading-edge business simulation software - cross disciplinary problems - synthesising knowledge - concentrates on “real world” application - managing in an uncertain environment - group dynamics

19. How are we doing? • Business acumen • Leadership skills • Decision-making • Negotiating/influencing skills

20. Thank you Opportunity for questions