WPI June Convening Meeting Materials

1 WPI Virtual Cross-Site Convening Series Digital Tech Credentials: Establishing the Value Proposition for Higher Education Partners and their Students June 30, 2021 Ellen Glazerman Executive Director, EY Foundation Director of University Relations, EY Americas WPI Site: North Carolina Email: ellen.glazerman@ey.com David Rigali Head of Talent Acquisition T. Rowe Price WPI Site: Washington D.C., Maryland, Virginia Email: david.rigali@troweprice.com Rocky Parker Senior External Affairs Officer Nationwide Mutual Insurance Company WPI Site: Columbus Email: parkerr1@nationwide.com Panelists 2 Credential Landscape 3 WPI’s Credentials and KSA Development ➢DMV ▪General Digital Technology Credential (Data Analytics, Data Visualization, Data Security and Ethics) ▪Specialist Digital Technology Credential (Data Science, AI/ML, Cloud, Cybersecurity) ➢North Carolina ▪Digital Foundations in Analytics (Data Analytics, Data Visualization, Data Security and Ethics) ➢Milwaukee ▪Advanced Manufacturing KSAs for Manufacturing Associate and Technicians ➢Columbus ▪IT Workforce Certificates ➢Chicago, Southeast, and Utah ▪Apprenticeships As of 2020, there are 967,734unique credentials in the U.S. 1 1 https://credentialengine.org/wp-content/uploads/2021/02/Counting-Credentials-2021.pdf Credential Landscape 4 1 https://www.nationalskillscoalition.org/blog/higher-education/defining-quality-non-degree-credentials-is-crucial-to-putting-students-on-a-path-to-success/ 2 https://www.ncwe.org/resource/resmgr/workforce_dev_reports/Identifying_High_Quality_Ind.pdf What makes for a meaningful credential? 1,2 ✓Evidence of substantial job opportunities ✓Evidence of the competencies mastered by credential holders ✓Evidence of the employment and earnings outcomes ✓Ideally stacks to additional education or training and is portable, transparent, accessible, and affordable The Business Case for Higher Education: A Need to Remain Relevant in an Environment with Growing Competition 5 ➢Increased emphasis on employment: 43% of survey respondents believethat to be employed in a well-paying job in the future, obtaining a certification in a digital technology will be more important than a bachelor’s degree or being certified in a trade-skill for a well-paying job in the future. 1 ➢Need to remain relevant: 58% of the 967,734 unique credentials in the U.S. are from MOOC providers and non-academic providersin the form of course completion certificates, micro-credentials, online degrees from foreign universities, badges, licenses, certifications, and apprenticeships. 2 ➢Market opportunities: In terms of upskilling and reskilling, a recent BHEF survey of more than 500 employers found that employers are less likely to partner with universities than with other training providers and internal L&D staff on these kinds of initiatives. 3 1 https://files.constantcontact.com/8784a7ad701/fcc3adfb-a445-4635-8d55-43221baf949e.pdf 2 https://credentialengine.org/wp-content/uploads/2021/02/Counting-Credentials-2021.pdf 3 Business Higher Education Forum (2020). Addressing the Nation’s Upskilling Imperative: Data-Driven Recommendations For Business and Higher Education. Other Benefits for Higher Education: ▪Insights into timely, in-demand skills ▪Ensure students across all majors have the skills needed by employers ▪Develop or update credentials that are more responsive to employer needs ▪Create opportunities for students to access professional development opportunities with employers and to be targeted for recruitment Value Propositions for Students: Why should a student participate in these credentials? 6 Recruitment and Hiring Experiential Learning Industry Engagement Academic Enhancements The Business Case for Employers: Why should employers invest in credential development with higher education? 7 Reduce training and on- boarding expenses for new employees Diversify recruiting channels and talent pool Broader benefits to regional community Decrease time to hire Helps to develop a universal language between employers and educators Tangible evidence of employee competency in a skill Easy to locate expertise of employees for more efficient delegation of tasks Additional Resources 8 ▪Nationwide and Columbus State Community College IT Workforce Certificates website: https://www.cscc.edu/for-business/it-workforce-certificates.shtml ▪Capital CoLABwebsite on the Digital Generalist and Digital Specialist credentials: https://capitalcolab.com/upskilling/ ▪Workforce Partnership Initiative website:https://www.businessroundtable.org/wpi ▪Workforce Partnership Initiative case studies: https://www.bhef.com/publications/workforce- partnership-initiative-case-studies For more information on the WPI cross-site convening series, please visit: https://www.bhef.com/wpi-virtual-cross-site-convening-series Contact Information 9 Jennifer Thornton Vice President of Programs Business-Higher Education Forum Email: jennifer.thornton@bhef.com Dane Linn Vice President Business Roundtable Email: dlinn@brt.org