BHEF Summer 2019 Member Meeting Advance Materials

® Creating Solutions. Inspiring Action. SUMMER MEMBER MEE TING JUNE 25-26, 2019 F our Seasons Hotel Boston Edward M. Kennedy Institute Boston, Massachusetts Reskilling: A Digital Skills-Gap Solution © BHEF 2019 2 4:00 p.m. 5:30 p.m. 7:00 p.m. 7:15 a.m. 8:00 a.m. 8:40 a.m. 9:10 a.m. Roundtable Discussion Reskilling for Diversity and Inclusion Winthrop-Leverett Room, Second Floor Break Chair’s Reception Governor’s Room, Second Floor Chair’s Dinner Governor’s Room, Second Floor Shuttles depart from Four Seasons Hotel Boston to Edward M. Kennedy Institute Breakfast East Gallery Business Meeting Senate Chamber Welcome Senate Chamber Welcoming Remarks: Mary Grant, president, Edward M. Kennedy Institute Framing Remarks: Ryan Oakes, managing director, North America Public Sector, Accenture agenda June 25, 2019 Four Seasons Hotel Boston Boston, MA June 26, 2019 Edward M. Kennedy Institute for the United States Senate Boston, MA 6:00 p.m. © BHEF 2019 3 agenda June 26, 2019 Edward M. Kennedy Institute for the United States Senate Boston, MA 9:25 a.m. 10:20 a.m. 11:20 a.m. 11:35 a.m. Session I Facilitated Discussion with New England Workforce Leader Sen ate Chamber Facilitator: Ryan Oakes, managing director, North America Public Sector, Accenture Speaker: •Rosalin Acosta, secretary of Labor and Workforce Development, Session II Facilitated Discussion with CEOs Senate Chamber Facilitator: Peter Weinberg, founding partner and chief executive officer, Perella Weinberg Partners Panelists: •Mohamad Ali, president and CEO, Carbonite •Jim Loree, president and CEO, Stanley Black & Decker •Russ Ramsey, chair and co-founder, The Greater Washington Partnership Break Session III Facilitated Discussion with Leaders of Workforce Projects Senate Chamber Facilitator: Marty Martin, president, Drake University Panelists: •Sandy Arnold, senior vice president, State Farm Mutual Automobile Insurance Company •Robert Caret, chancellor, University System of Maryland •Michael Fenlon, chief people officer, PwC Commonwealth of Massachusetts © BHEF 2019 4 agenda June 26, 2019 Edward M. Kennedy Institute for the United States Senate Boston, MA 12:35 p.m. 12:50 p.m. 2:00 p.m. 3:00 p.m. Closing Remarks Senate Chamber Brian Fitzgerald, CEO, Business-Higher Education Forum Ryan Oakes, managing director, North America Public Sector, Accenture Lunch West Gallery Optional Tour – John F. Kennedy Presidential Library and Museum Adjourn 5 W CEO WELCOME 2019 © BHEF 2019 e lcome to the Business-Higher Education Forum’s Summer 2019 Member Meeting. Our time will focus on reskilling—a key solution to the digital skill-gap—as BHEF continues to execute its board- a dopted strategic vision. Employer demand for digital skills cannot be met by new graduates alone. Reskilling, or an internal focus on talent development, empowers employees to drive digital reinvention across business units and functions unlike ever before. As companies across the globe transition to digital business models, demand for digitally enabled talent has hit an all-time premium. This ever-growing gap presents a tremendous opportunity for BHEF and its members. With actionable data, proven knowledge, and nearly a decade of creating purposeful partnerships, BHEF and its members are in the unique position to redesign acquisition and retention strategies for digital talent. Not only does this benefit the bottom line, in an equally important function, these new acquisition strategies also increase diversity in the workforce. We will begin Tuesday afternoon with the release of a reskilling white paper, BHEF’s latest publication with PwC. Our roundtable discussion will propose frameworks that companies can tailor to launch their own reskilling efforts, not only to compete in today’s digital markets, but also to increase the diversity of age, gender, ethnicity, etc. in their workforce. After our reception and dinner on Tuesday, we will transition on Wednesday morning to the Edward M. Kennedy Institute for the United States Senate. We will begin with a facilitated discussion with a cabinet member from Massachusetts on her state's needs for workforce development in the 21st century digital economy. Our second session will launch our newest partnership, led by BHEF Member and Stanley Black and Decker CEO Jim Loree. He will describe a sector-crossing coalition of Connecticut CEOs and their higher education peers, which is focused on increasing educational attainment and digital skills within the state’s workforce. The chairman of the Greater Washington Partnership, Russ Ramsey, will join him to discuss BHEF’s work with CoLAB, an alliance between Washington, DC area employers and universities who turned to BHEF to develop new digital credentials designed to meet the region’s digital workforce needs. Carbonite CEO Mohamad Ali will reflect upon his personal commitment to “open new doors and ensure the next generation excels in technology car eers.” Our final session will build upon these insights and provide updates on BHEF’s most successful undergraduate partnerships. Members will discuss how these opportunities framed BHEF’s reskilling strategy and prepared them for quick action to digital talent challenges. The subsequent pages provide further background information on the meeting. My staff and I hope you will dive in, discuss, and depart more engaged and positioned to participate in activities that reflect BHEF’s value proposition: action-oriented peer relationships and insights and transformative talent pathways that strengthen distinctive solutions for diverse digital talent. Regards, Brian K. Fitzgerald, Ed.D. CEO, Business-Higher Education Forum 6 © BHEF 2019 BHEF SUMMER 2019 MEMBER MEETING MEETING OVERVIEW America’s Digital Reskilling Imperative: Equip Every Employee with Foundational Digital Skills The exponential growth of data and powerful computing and analytics tools has spawned the digital economy in which companies in every sector must adopt digital business models and compete with tech companies for scarce talent. As early as 2012, McAfee and Brynjolfsson reported in the Harvard Business Review that companies that transformed their business models, adopted digital technologies, and successfully integrated digital skills at all levels throughout their enterprise gained a significant competitive advantage. These gains have only increased in subsequent years. However, for these gains to occur, companies must adopt new digital talent acquisition, retention, and development strategies that increase the pool and diversity of new college graduates with digital skills. Equally as important, incumbent employees must be reskilled to acquire these digital skills and increase inclusion in the workplace. Since 2017, PwC and BHEF have documented the propagation of digital skills from a relatively small number of experts to large numbers of data-driven decision makers and functional analysts with strong digital skills. BHEF and PwC released a thought leadership report in 2018, Investing in America’s Data Science and Analytics Talent, that proposed an action agenda for bringing the supply of digital skills into balance with demand for those skills in the job market. Job market analyses in other digital fields, including cybersecurity and artificial intelligence (AI), uncovered similar patterns of skills propagating from the expert to the enabled professional across a broad range of functions. Digital Skills for New Graduates BHEF’s members have responded to these insights by forming over three dozen strategic business- higher education partnerships that have created more than 50 new digital credentials ranging from a business analytics certificate at Miami Dade College to concentrations, minors, majors, and graduate programs in cybersecurity, data science, and AI/machine learning at institutions such as the University System of Maryland, Case Western Reserve University, and The Ohio State University, among others. A year ago, a project supported by BHEF with funding from the JPMorgan Chase Foundation demonstrated how colleges and universities could collaborate with Greater Washington Partnership member companies to create new credentials for digital skills that are available to all students. Twelve universities throughout the Washington, DC, Maryland, and Virginia region (DMV) agreed to each develop a credential reflecting the mastery of a foundational digital skill set. These credentials, independently designed and awarded by each university, are accessible to students ® 7 © BHEF 2019 in all majors, requiring no prerequisites. They denote that a graduate has mastered a common set of digital competencies, which complements the graduate’s primary discipline. Two universities launched digital credentials in January and a recent Washington Post article profiles the first students to graduate with the credential. Six more universities will launch new credentials in fall of 2019. Reskilling Incumbent Employees for Digital Skills and Diversity These propagation patterns of digital skills also suggest a demand for digital skills that cannot be met by focusing on hiring new graduates alone. New internal talent development or reskilling strategies require a focus on all employees—not silos of expertise—and a clear-eyed view of the necessary digital skills across functions. For example, the use of analytics in virtually every function within many companies makes this skill set essential; however, not everyone needs the skills of a data scientist. The ubiquity of AI/machine learning adds another skill to the digital skills mix that currently includes cybersecurity, data science and analytics, cloud, social media, and mobile devices. But what levels and combinations of skills are required? How do the functions employees perform determine the skills mix. And, how can companies compete for new talent and reskill incumbent employees? With new research from Burning Glass Technologies, we examine these questions by identifying a set of foundational digital clusters. This report, The New Foundational Skills of the Digital Economy, is the first time the universe of skills has been analyzed in order to better understand the most valuable combinations of 1) foundational digital building blocks, 2) 21st century workplace competencies, and 3) business process skills for the digital economy. MEETING OVERVIEW 2019 8 © BHEF 2019 MEETING OVERVIEW 2019 BHEF and PwC will release a white paper on reskilling at the summer meeting. The paper will propose a framework for companies to build reskilling strategies that improve digital skills and increase diversity and inclusion. New England Workforce Leaders We w ill hear from Massachusetts Secretary of Labor and Workforce Development Rosalin Acosta about wo rkforce development issues and initiatives to create talent solutions in her state. CEO Panel Since 2012, BHEF’s National Higher Education and Workforce Initiative has demonstrated how critical CEO leadership is to aligning higher education with companies’ and regions’ workforce needs. The announcement of the Northrop Grumman-University of Maryland partnership at the 2012 launch event in the Kennedy Caucus Room in the United State Senate inspired other BHEF-member CEOs and university presidents to create dozens of workforce partnerships. The success of these partnerships led Business Roundtable to partner with BHEF to launch the Workforce Partnership Initiative that has created a dozen regional projects, which BHEF supports with a grant from the JPMorgan Chase Foundation. Panelists for this session include Jim Loree, chairman and CEO of Connecticut-based Stanley Black and Decker; Russ Ramsey, chairman of the Greater Washington Partnership (GWP); and Mohamad Ali, CEO of Massachusetts-based Carbonite. Jim Loree will describe an emerging partnership among CEOs from multiple sectors, college and university leaders, and Connecticut Governor Lamont to increase the educational attainment and digital skills of the Connecticut workforce. Russ Ramsey leads GWP, which is a civic alliance of CEOs in the Capital Region (from Baltimore to Richmond) committed to making the region one of the world’s best places to live, work, and build a business. GWP has identified talent as a strategic differentiator for the region and created CoLAB, a collaboration between the region’s employers and universities to launch new digital credentials to meet with regional digital workforce needs. Mohamad Ali is CEO of Carbonite and served on the New England Board of Higher Education’s Commission on Higher Education and Affordability. Reflecting his personal passion for providing educational and economic opportunity for all Americans, the Carbonite Charitable Fund invests in organizations that provide the education and training to help close the technology skills gap. BHEF’s Business-Higher Education Partnerships BHEF members will describe how strategic partnerships have created student pathways to digital skills and credentials and have provided new sources of talent for their regions. Members also will discuss the demand for and opportunities to provide digital reskilling within companies. 9 © BHEF 2019 BHEF SUMMER 2019 MEMBER MEETING ® NEW MEMBER BIOGRAPHY James E. Ryan serves as the ninth president of the University of Virginia. A leading expert on law and education, Ryan has written extensively about the ways in which law structures educational opportunity. His articles and essays address such topics as school desegregation, school finance, school choice, standards and testing, pre-K, and the intersection of special education and neuroscience. Ryan is also the coauthor of the textbook “Educational Policy and the Law” and the author of “Five Miles Away, A World Apart,” which was published in 2010 by Oxford University Press. Ryan’s most recent book, Wait, What? And Life’s Other Essential Questions, based on his popular 2016 Commencement speech, was published in 2017 by HarperOne and is a New York Times bestseller. In addition, Ryan has authored articles on constitutional law and theory and has argued before the United States Supreme Court. Before coming to UVA, Ryan served as dean of the Harvard Graduate School of Education. In this role, Ryan increased the size, strength, and diversity of the faculty through new hires and promotions. He established the Harvard Teacher Fellows program, an innovative teacher-training program for Harvard College seniors and recent alumni, and began a school-wide effort to reimagine its master’s degree programs. Ryan oversaw an expansion of professional education, including the creation of two new online certificate programs, and launched Usable Knowledge, an online resource designed to broadly disseminate actionable research findings in education. He and colleagues also embarked on an ongoing effort entitled “Fulfilling the Promise of Diversity,” intended to prepare students for careers working in diverse environments, and resulting in new courses, prominent speakers, and teaching workshops related to diversity and inclusion. Under his leadership, the school surpassed its campaign goal of $250 million more than a year ahead of schedule, and raised the largest gift in the school’s history, a $35.5 million gift to establish the Zaentz Early Education Initiative. Before his deanship, Ryan was the Matheson & Morgenthau Distinguished Professor at the University of Virginia School of Law. He also served as academic associate dean from 2005 to 2009, founded, and directed the school’s Program in Law and Public Service. While at Virginia, Ryan received an All-University Teaching Award, an Outstanding Faculty Award from the State Council of Higher Education for Virginia, and several awards for his scholarship. Ryan has been a visiting professor at Harvard, Yale, and the University of Auckland. He has also JAMES E. RYAN President, University of Virginia 10 © BHEF 2019 served on numerous education boards and commissions, including the U.S. Department of Education’s Equity and Excellence Commission and the board of the Maya Angelou Public Charter School in Washington, DC. Ryan received his AB summa cum laude from Yale University and his JD from the University of Virginia, which he attended on a full scholarship and from which he graduated first in his class. After law school, Ryan clerked for William H. Rehnquist, the late Chief Justice of the United States, and then worked in Newark, NJ, as a public interest lawyer before entering into teaching. Ryan and his wife, Katie, have four children. 11 © BHEF 2019 BHEF SUMMER 2019 MEMBER MEETING ® Attendee List Mohamad Ali Carbonite Joseph Aoun Northeastern University Sandy Arnold State Farm Mutual Automobile Insurance Company Steve Barkanic BHEF Suzanne Bentzel West Virginia University Stephanie Blochinger BHEF Stacey Brown BHEF Brandon Busteed Kaplan University Partners Isabel Cardenas-Navia BHEF Janet Chen BHEF Lydia Cheng John Wiley & Sons James Clements Clemson University C arol D'Amico Strada Education Network Donna Diedrich LMI Mike Fenlon PwC B r i an Fitzgerald BH EF Bruce Gardner IBM Corporation Anna Gatlin Strada Education Network Mary Grant Edward M. Kennedy Institute for the United States Senate Ursula Gross BHEF Mutsuhiro Arinobu Business University Forum of Japan Ann Addison Northrop Grumman Corporation Suzanne Amoonarquah BHEF Robert Caret University System of Maryland Christina Cutlip TIAA Chris Guidry Strada Education Network 12 © BHEF 2019 Sunil Gupta The City University of New York Andrew Hanson Strada Education Network Alex Kaplan IBM Research Julie Kazarian Worcester State University Mike King IBM Cor poration Satoshi Kohara Business University Forum of Japan Bob Lim San Jos é State University Kathy Marioni State of Connecticut James Loree Stanley Black & Decker Anthony Monaco T ufts University Ryan Oakes Accenture NA Judy Olian Q uinnipiac University Mary Papazian San José State University Amanda Pumphrey BHEF Russ Ramsey Greater Washington Partnership Brian Roach SAP NA Timothy Sands Virginia Tech Terah Speigner BHEF Shuzaburo Takeda Takeda and Associates Nora Tgavalekos Raytheon Company Michael Thomas New England Board of Higher Education Danielle Troyan BHEF Clay Wahl Follet Higher Education Kathy Warden Northrop Grumman Corporation Peter Weinberg Perella Weinberg Partners Candace Williams New England Board of Higher Education 2019 Attendee list Bob Reynolds Putnam Investments J.D. LaRock Commonwealth Corporation Marty Mart in Drake University David Williams The Ohio State University 13 © BHEF 2019 Randy Woodson North Carolina State University Carol Wright Infor Education 2019 Attendee list