Wisconsin is Open for Business November 13, 2012 Will Our Future Workforce be Adequate & Capable? SHRMC WILL OUR FUTURE WORKFORCE BE ADEQUATED & CAPABLE? SHRMC Dennis K. Winters Chief, Office of Economic Advisors Wisconsin Department of Workforce Development November 12, 2013
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Wisconsin is Open for Business
November 13, 2012
Will Our Future Workforce beAdequate & Capable?
SHRMC
WILL OUR FUTURE WORKFORCE BE
ADEQUATED & CAPABLE?
SHRMC
Dennis K. WintersChief, Office of Economic AdvisorsWisconsin Department of Workforce Development November 12, 2013
Wisconsin is Open for Business
November 13, 2012
Will Our Future Workforce beAdequate & Capable?
SHRMC
22
ITEMS IN TODAY’S PRESENTATION
THE ECONOMY HAS CHANGED
WORKFORCE CONSIDERATIONS
WHO IS IN DEMAND
SKILLS EXPLORER APP
Wisconsin is Open for Business
November 13, 2012
Will Our Future Workforce beAdequate & Capable?
SHRMC
Wisconsin is Open for Business
November 13, 2012
Will Our Future Workforce beAdequate & Capable?
SHRMC
4
THE ECONOMY
HAS CHANGED
AND SO MUST YOU
Wisconsin is Open for Business
November 13, 2012
Will Our Future Workforce beAdequate & Capable?
SHRMC
5
Average Real GDP Growth First 9 Quarters of Recovery
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
1953 ‐54
1957 ‐58
1960 ‐61
1969 ‐70
1973 ‐75
1981 ‐82
1990 ‐91
2001
2007 ‐09
Percen
t
5
ECONOMIC RECOVERYHOW IS THIS ONE NOT LIKE THE OTHER ONES
Wisconsin is Open for Business
November 13, 2012
Will Our Future Workforce beAdequate & Capable?
SHRMC
Average Real GDP Growth First 9 Quarters of Recovery
"The days are over when you could walk into a paper mill with a high school diploma and run one of the machines."
– Patrick Schillinger, former Wisconsin Paper Council President,Center will teach paper-industry technology, Milwaukee Journal Sentinel, JS Online, October 21, 2004.
NEW ECONOMYNEED FOR SKILLS
Wisconsin is Open for Business
November 13, 2012
Will Our Future Workforce beAdequate & Capable?
SHRMC
Then Now
Unskilled60%
Unskilled12%Skilled
20%
Professional20%
Professional20%
Skilled68%
WorkKeys and the National Career Readiness Certificate are registered trademarks of ACT, Inc.
CHANGES IN WORKFORCE SKILL REQUIREMENTSOVER THE LAST FIFTY YEARS
Wisconsin is Open for Business
November 13, 2012
Will Our Future Workforce beAdequate & Capable?
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TURN YOU LOOSE ON THIS BABYI DON’T THINK SO
Wisconsin is Open for Business
November 13, 2012
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WHERE ARE THE PEOPLETECHNOLOGICAL SUBSTITUTE
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November 13, 2012
Will Our Future Workforce beAdequate & Capable?
SHRMC
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“Today in most fields I know, the struggle is about creativity and innovation. There is no script.”
– Robert B. Shapiro, former CEO & Chairman, Monsanto Corporation
NEW ECONOMYNEED FOR CREATIVITY & INNOVATION
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Will Our Future Workforce beAdequate & Capable?
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Source: Autor, Levy and Murnane, 2003
Nonroutine manual
Routine cognitive
Routine manual
Nonroutine analytical
Nonroutine interactive
WORKPLACE REQUIREMENTSCHANGES IN SKILLS USED AT WORK*
Source: K-12 Education and Economic Summit presentation by Alan B. Krueger, Princeton University
* Based on the Dictionary of Occupational Titles
Wisconsin is Open for Business
November 13, 2012
Will Our Future Workforce beAdequate & Capable?
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EDUCATION INCLINATIONGAINS LIMITED AT BEST
Wisconsin is Open for Business
November 13, 2012
Will Our Future Workforce beAdequate & Capable?
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WORKFORCE TRENDSARE:
Unprecedented – we have never faced a declining workforce before;
Assured – demographics will change little;
Largely unalterable – demographics and migration patterns do not change abruptly.
Wisconsin is Open for Business
November 13, 2012
Will Our Future Workforce beAdequate & Capable?
SHRMC
34
RAMIFICATIONS OF WORKFORCE TRENDSARE:
Potentially devastating – without sufficient productivity gains the state’s economy will stagnate;
Necessitating a focus on talent – large investments in education and training are needed;
Requiring match – talent supply and industry demand must be matched or you lose both.
Wisconsin is Open for Business
November 13, 2012
Will Our Future Workforce beAdequate & Capable?
SHRMC
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LOW INCOME GROWTH LEADS TO:DETERIORATION OF ECONOMIC CONDITION AND QUALITY OF LIFE
Lower per capita income
Decreased tax base / Budget deficits
Lower bond ratings
Decreased school funding and teacher salaries
Less & fewer public services
Lower quality of life
Wisconsin is Open for Business
November 13, 2012
Will Our Future Workforce beAdequate & Capable?
SHRMC
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Who is in
demand?
Wisconsin is Open for Business
November 13, 2012
Will Our Future Workforce beAdequate & Capable?
SHRMC
*Job Openings includes both turnover and new jobs that are created.
MOST JOB OPENINGSBY OCCUPATION
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Will Our Future Workforce beAdequate & Capable?
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MOST JOB OPENINGSON JOB CENTER OF WISCONSIN
Wisconsin is Open for Business
November 13, 2012
Will Our Future Workforce beAdequate & Capable?
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MOST OFTEN HEARD POSITION CHALLENGESCHARACTERISTICS
Occupation Annual % Growth
Growth Openings
Replacement Openings
Total Openings
Typical Entry Education
Median Wage
Heavy truck drivers 1.90 9,490 9,040 18,530 H.S. diploma $38,300