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Priming the Pipeline With a Real Return on Investment

Priming the Pipeline With a Real Return on Investment. Ranken Technical College. Established 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

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Priming the Pipeline With a Real Return on Investment

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  1. Priming the Pipeline With a Real Return on Investment

  2. Ranken Technical College Established 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

  3. Ranken Technical College • Three educational emphasis: • Technical Education • General Education • Work Ethic • Industry partnerships : microenterprises andinternships • Focus: Applicationand work-based learning leadingto jobs/careers

  4. 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

  5. Ranken Technical College Expected Labor Force and Labor Force Demand Millions of People • 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 Source: Employment Policy Foundation analysis and projections of Census/BLS and BEA data

  6. Ranken Technical College Decreasing Workforce Growth Will Increase Global Competition for STEM Workers United States 14th in Reading 17thin Science 25th in Math 1970-2010 2010-2050 Mexico Brazil India China South Australia Canada US Netherlands Spain France UK Russia Italy Japan Germany Korea 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

  7. A National Crisis? In the next decade of current workforce will not be college graduates 75% of all workers will need retraining While over 90% of jobs will require education beyond high school Source: US Department of Labor

  8. Student Debt $1,000,000,000 Recent college grads owe more than $27,000 on average, and more than 1/3 of them are working in jobs that don't require a college degree

  9. Ranken Technical College Educational Continuum I N D U S T R Y 1 & 2 Year Programs Middle School High School 4 Year Programs 93 %completion 96 %placement • Lego Robotics • Summer Academies • Youth • Teacher • 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 • Dual Enrollment • SkillsUSA • Shearwater Charter • TRIO mentoring • Advanced Summer • Academies

  10. 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

  11. Microenterprise Program A work based experience which provides students with: • industrial training, • college credit, and • part-time salary.

  12. Microenterprise Program Revenue generated by the partnerships, beyond operating cost, is directed to an • equipment trust fund, or • scholarship fund to benefit participating students.

  13. 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.

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

  15. Microenterprise PathwaysIntegrated – work based learning that is fully incorporated into course curriculum RCDC (CRP) Collision Repair (ACR) Line Shop (AMT)

  16. Microenterprises Parallel – work based learning not directly integrated into a curriculum but still provides complementary skills 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. An international biotechnology company. A world leader in providing reagents, instruments and software for vitro diagnostics.

  17. Microenterprises 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. 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.

  18. Microenterprises 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. 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.

  19. Win- Win- Win! • Students • Actual industry experience • Industry relevant training • Resume builder • Industry networking • Relevant part-time position • Leadership training • 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

  20. Questions ??? Barbara Bragg bebragg@ranken.edu

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