Priming the Pipeline with a real Return on

Investment

Stan Shoun, President Ranken Technical College

Ranken Technical College• Established in 1908 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• 98% placement rate & 93% retention rate• 92% of students receive financial aid; 66% receive Pell

grants • Three educational emphasis:

– Technical Education– General Education– Work Ethic

• Industry partnerships : micro-enterprises, interns and co-ops

• Focus: Application and work-based learning leading to jobs/careers

Ranken Technical CollegeThe top 10 in-demand jobs predicted for 2010 and beyond didn’t exist in 2004

80%- 90% of the fastest-growing jobs will require an education beyond high school

49 of 50 highest paying occupations require a college degree or higher

Over the past 10 years, jobs requiring science and engineering skills increased 51%

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

0

50

100

150

200

250

2002

2004

2006

2008

2010

2012

2014

2016

2018

2020

2022

2024

2026

2028

2030

Labor Needed

Labor Available

Between 2010 and 2025, up to 95 million Baby Boomers will leave the U.S. workforce or change work focus

Only 40 million Gen X’ers and Y’ers will be available to replace them

The replacement workers lack the skills and competencies of the retirees.

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

1970-2010

2010-2050

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 States: 14th in Reading 17th in Science 25th in Math

A National Crisis ?

Source: US Department of Labor

While over ninety percent of jobs will require education beyond high

school

IN THE NEXT DECADEof current workforce will not be college graduates

of all workers will need retraining

70%

75%

Student Debt

Recent college grads owe more than $26,000 on average, and more than a third of them are working in jobs that don't require a college degree

$1,000,000,000

Ranken Technical CollegeEducational Continuum

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• Skills USA• 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

98 % placement

Pedagogy “….to prepare students for employment and

advancement…..”• Co-ops/Internships/Apprenticeships• Work-based learning

RCDC Line shop Collision repair

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

Definition micro enterprise – An integrated workbased experience at

Ranken which provides the students with work experience, industrial training , college credit and/or part time salary. Beyond the application of fundamental technology skills, more senior students will participate in the operation of the work cell including areas of logistics, human resources, finance, and quality assurance. Any additional revenue generate by the partnerships, beyond operating cost, would be directed to an equipment trust fund (ETF) and/or scholarships benefiting the students of the division directly participating. Characteristics of participating programs include:

integrated – workbased learning which has been fully incorporated into course curriculum (example: RCDC)

parallel – work based learning not directly integrated into a curriculum but still provides complementary skills (example: bioMerieux)

Organization

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

Microenterprises(Integrated)

RCDC (CRP)

Collision Repair (ACR)

Line Shop (AMT)

Microenterprises(Parallel)

 

BbioMerieux is a multi-national biotechnology company. A world leader in providing reagents, instruments and software for vitro diagnostics.

JM&A Group is one of the largest providers of Financial and Insurance (F&I) products in the automotive industry. One of it’s four service related companies is Fidelity Warranty Service, Inc.

Microenterprises

Hunter Engineering Company designs , manufactures and sells car and truck services equipment. The company is an industry leader in mechanical, electrical and software design for undercar service equipment.

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

Microenterprises

For over forty years Cam-Am Cars has provided renovations and parts supply for vintage race cars. They maintain a large inventory of hard to find finds parts as well as 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 over 2600 employees, McCarthy is an industry leader in constructing for buildings serving healthcare, education commercial and government organizations.

Win- Win- Win !• Students

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

• Industry– Cost efficient products– Industry trained cadre of potential employees– Trial employment period before hiring

• Ranken– Direct industry partnership involvement– Training for instructors– Equipment – Revenue generator– Scholarship funds

Questions ???