Page 1 The Flat World Flat Conference Carol J. Ramsey October 24, 2006.
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Page 1
The Flat World Flat Conference
Carol J. Ramsey October 24, 2006
Page 2
Who is Raytheon?Who is Raytheon?
• An industry leader in defense and government electronics, space, information technology, technical services, and business aviation and special mission aircraft.
• 80,000 employees worldwide
• $21.9 billion in 2005 sales
Page 3
Raytheon’s WorkforceRaytheon’s Workforce
• 80,000 Employees
• 50,000 Professionals
• 40,000 Engineers and scientists
Page 4
The Gap
Current Exempt Workforce
50% of the Current Workforce is 45+ years of age
56% of the Current Workforce has less than 15 Years of Service
6-15 year experience gap in existing workforce due to industry consolidation
In 2008, 63% of the workforce will have less than 15 years of service
Building a Robust Pipeline is a Strategic Imperative Building a Robust Pipeline is a Strategic Imperative
Defense Industry Employee Population Profile
0
5001,000
1,500
2,0002,500
3,000
3,500
4,0004,500
5,000
1-5 6-10 11-15 16-20 21-25 26-30 31-35 36-40 41-45 45+
Years of Service
Nu
mb
er o
f E
xem
pt
Em
plo
yees
Under 25 26-35 36-45 46-55 56-65 66-75 76-85
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A Reason to CareA Reason to Care
“By 2008, six million jobs will be unfulfilled in our country because people won’t have the necessary science and technology background.
That tells me we have a problem.”
Bill SwansonChairman and CEORaytheon
Page 6
Closing the GapClosing the Gap
A November 2004 study by the American Society of Engineering Education concludes that six interventions are needed to improve technical literacy in the United States:
Hands-on learning
Interdisciplinary approaches
Standards
Improved teaching
Partnerships
Make it “cool”Make it “cool”
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Raytheon’s ResponseRaytheon’s Response
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Survey HighlightsSurvey Highlights
Nat
iona
l Sur
vey
of A
mer
ican
Mid
dle
Sch
ool S
tud
ents
think math is boring
difficult time understanding
math
like math a great deal and is the subject they get most excited about
they'd like to know how people in music, sports, video games use
math
say doing well in math is important
45% 43%
33%
81%
94%
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• Raytheon initiative “elevate math to cool” and inspire young students to study math and science
• Partners with the national middle school math competition, MATHCOUNTS®
MathMovesU MathMovesU
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Sixth, Seventh and Eight Graders – ages 11 – 13 Employees/retirees, policy makers, school officials, the general public
TARGETS
Borrow relevant “cool” equities to capture middle schoolers’ attention and imagination
Engage kids online, in schools and in their communities
•MathMovesU.com•Grants Program•Local Events
Demonstrate to kids that math skills can lead to exciting (and cool/unexpected) careers and futures
STRATEGIES and TACTICS
Improve math’s image among middle-school students: Elevate Math to Cool Drive participation in MATHCOUNTS in key Raytheon markets Drive awareness of Raytheon as a good corporate citizen with a focus on (math
and science) education
OBJECTIVES
MathMovesUMathMovesU
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The WebsiteThe Website
• Celebrities + Math– Showcases how celebrities use math– Showcases exciting careers that use
math• Do Math 2 Win
– Weekly problems– Chance to win by correctly solving
math challenges– Awards: iPod, autographed stuff,
binoculars• Cash 4 School Grants Program
– $1M in grant funding in ‘06• Other Resources
– Links to MATHCOUNTS®, NASA, etc.– Link to Scholarships America– Contact Us
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Update: MMU Results through Q2 2006Update: MMU Results through Q2 2006
Total grants and scholarships • 2,067 applications received • 699 winners selected• $831k in grants and
scholarships awarded.
Media Impressions and Placements • 130 million total media impressions• 43 placements, including
– Washington Post– WJLA – ABC Washington– Time for Kids– USA Today
Web Trends 205,061 total visitors 11,117 registrants 787,367 page views to date
Events • 27 local events
conducted company-wide
• National media event in DC, “Hippest Homework Happening;” 1000 media impressions generated in 30 days
Hippest Homework Happening
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www.mathmovesu.com
Go figure.
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