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CareerWiseColorado2018Deck_GENERAL_eaglecoYouth Apprenticeship RECRUITING EMPLOYEES Recruiting, hiring & training costs Colorado businesses $24K+ per employee Middle-skilled positions take 15% longer to fill in Colorado compared to the national average1 An estimated 25,000 weekly job vacancies in high-growth industries go unfilled because of a LACK OF SKILLED WORKERS, costing the state more than $300 million in lost GDP2 1 Burning Glass Technologies, Interim Deliverable, “Overview of Colorado’s Middle-Skill Job Market”; Colorado 2 CPR.org, “Colorado Unveils $9.5M Youth Apprenticeship Program”, September 2016 COLORADO’S EDUCATION SYSTEM 100 77 44 35 23 18 23 33 9 12 5 Return for a second year Immediately enter employment In Colorado Receive a post-secondary degree1 Enroll in college Students start high school Students reach graduation SOURCE: The Colorado Talent Pipeline Report 2015 1 Certificate, associates or bachelor's degree within 150% of allotted time THE SYSTEM ONLY WORKS FOR 18-23% OF STUDENTS Do not APPRENTICE BUSINESS EDUCATION Apprentices earn a wage while gaining valuable workplace experience, a nationally recognized industry certification and debt-free college credit. Industry benefits from tangible financial ROI as it makes the shift from being consumers of talent to producers of talent. K-12 and higher education institutions improve student outcomes with increased student engagement and attendance, graduation rates and college-credit attainment. BRIDGING THE GAP BETWEEN EDUCATION & CAREER CareerWise Colorado connects industry and education to create a statewide, modern youth-apprenticeship system. 40-50% Rate of return on apprenticeship programs for rural health centers and urban manufacturers1 30-50% Conversion to full-time employees based on cohort size2 20-40% Reduction in long-term hiring costs2 APPRENTICESHIP PROGRAMS HAVE PROVEN TO HELP BUSINESSES RECRUIT, TRAIN, AND RETAIN THE BEST TALENT “APPRENTICES WERE MORE PRODUCTIVE THAN TYPICAL WORKERS…” - A 2016 Department of Commerce study of 13 apprenticeship programs “…They provided the firm with a pipeline of skilled talent and were less likely to leave the job. They also got work done faster than regular new employees, which saved the company from paying up for excessive overtime.” WE BUILD A TALENT PIPELINE FOR INDUSTRY ONGOING PROGRAM SUPPORT CORE ACADEMICS ON THE JOB TRAINING MULTI -SKILL TRAINING RECRUITING TRAINING PLAN DEVELOPMENT APPRENTICE TRAINING EMPLOYER TRAINING HERE’S HOW IT WORKS. CAREERWISE APPRENTICES SPLIT TIME BETWEEN SCHOOL, TRAINING CENTERS, AND WORK ON A SCHEDULE THAT WORKS FOR STUDENTS AND BUSINESSES AT HIGH SCHOOL Core academic courses at school (e.g., math), some community college coursework ON-THE-JOB On-the-job training, in form of occupation, rotation or projects AT TRAINING CENTER Multi-skill training curriculum in pathway-specific skills ~3 days a week 16 hours a week ~150 hours a year ~2 days a week 24 hours a week ~175 hours a year NA 32-40 hours a week ~200 hours a year YEAR 1 YEAR 2 YEAR 3 AFTER APPRENTICESHIP Student signs on as full-time EMPLOYEE Student continues EDUCATION with 2- or 4-year degree OR BUSINESS OPERATIONS Project Coordinator Purchasing Coordinator Operations Specialist ADVANCED MANUFACTURING CNC machinist Electro-mechanical assembler Quality control inspector Maintenance technician PRIMARY PATHWAY SAMPLE OCCUPATIONS INFORMATION TECHNOLOGY Computer Technician Software QA Tester Junior Coder FINANCIAL SERVICES Accounting Clerk Insurance Services Expert Financial Coordinator Customer Support SAMPLE BUS. PARTNERS FIVE PRIMARY PATHWAYS THESE STARTER PATHWAYS LEAD TO A VARIETY OF OCCUPATIONS HEALTHCARE LAUNCHING FOR 2017/18 CLASS CAREERWISE BUSINESS PARTNERS TRAINING CENTERS K -12 EDUCATION SYSTEM Hire apprentices to fill challenging, entry-level roles Provide students with the experiences and training needed to evolve into full time employees capable of filling critical positions Provide apprentices with occupation and industry specific skills required by their employer Supplement work place experiences with targeted technical/functional instruction Continues to provide core academic instruction to apprentices Supports development of foundational interpersonal and job skills 360 BUSINESS & STUDENT SUPPORT CAREERWISE COORDINATES STAKEHOLDERS TO BUILD A STATE -WIDE YOUTH APPRENTICESHIP SYSTEM THAT’S SET UP FOR TOTAL SUCCESS ◦ 1 RECRUITING 2 TRAINING PLAN DEVELOPMENT 3 APPRENTICE TRAINING 4 EMPLOYER TRAINING 5 ONGOING PROGRAM SUPPORT CareerWise SUPPORTS RECRUITING CareerWise operates an online apprenticeship marketplace, providing the business with a one- stop shop for apprentice recruitment CareerWise organizes apprenticeship recruitment events for business partners, including classroom visits, facility tours, and career fairs TRAINING PLAN DEVELOPMENT CareerWise works with each business partner to create a customized training plan that includes three components: a competency map, coursework map, and on-the-job training plan APPRENTICE TRAINING CareerWise ensures that all students are work- place ready by putting them through a week- long intensive professionalism boot camp at the onset of their apprenticeship CareerWise manages the process of identifying training centers and enrolling apprentices in their training center coursework EMPLOYER TRAINING CareerWise hosts half-day and full- day supervisor and coach training sessions to prepare the staff of our business partners to oversee successful apprenticeships ONGOING PROGRAM SUPPORT CareerWise provides a dedicated staff member to each business partner who will serve their Relationship Manager CareerWise provides consulting support on HR policies and tools (e.g. onboarding, payroll, risk management) 1 Statewide Youth- Apprenticeship MARKETPLACE 116 Youth APPRENTICES After months of complex systems innovation and business and student recruitment, CareerWise Colorado launched its inaugural class of modern youth-apprentices in June of 2017. JUNE 2017 40 Confirmed EMPLOYER S PATHWAYS Manufacturing, Technology, Business Operations & Financial Services 4 Occupational TRAINING Plans 10 LOW-INCOME, NON-PROFIT PRIVATE SCHOOL Arrupe Jesuit 1 2 CHARTER SCHOOLS STEM School & Academy, CEC Fort Collins COMMUNITIES Front Range, Western Slope & Northern Colorado 3 SCHOOL DISTRICTS Cherry Creek, DPS, Jeffco and Mesa 51 4 The business community, including local business-support organizations The education community, including K12 and higher education/training partners Community leadership interested in fostering a supportive ecosystem and infrastructure NEW COMMUNITIES READINESS New CareerWise communities need active participation from: BUSINESS-PARTNERSHIP PROCESS INITIAL DISCUSSION 2017 spring / summer WORKING SESSIONS (as needed) 2017 summer / fall COMMITMENT By Nov. 15 DESIGN PROCESS BEGINS Jan 18 Understand how CareerWise can alleviate your biggest staffing / hiring challenges Designate a champion to lead future interactions Identify potential areas of partnership Develop tailored approach responsive to opportunities & challenges Discuss training plans and appropriate occupations for your business Discuss timeline Agree to key terms and features of program and sign MOU by Dec. 01 2017 CareerWise team (Curriculum Developers, HR Strategist, etc.) works with your business to develop and implement apprenticeship program 1 2 3 4 POSITIVE ROI WAGE AND VALUE OF APPRENTICE’S CONTRIBUTION TO PRODUCTION ON APPRENTICE WORK COMPANIES ARE PROJECTED TO EARN PERIOD OF APPRENTICESHIP EXPERIENCED WORKER PROJECTED WAGES & PRODUCTIVITY, RELATIVE TO STANDARD FTE Swiss firms saw an ROI of 10% during the training period, and additional ROI once apprentices became full-time employees1 EMPLOYER’S BENEFIT DURING APPRENTICESHIP EMPLOYER’S BENEFIT DURING APPRENTICESHIP EXPERIENCED WORKER WAGE WORKER PRODUCTIVITY APPRENTICE WAGE EMPLOYER COSTS MP MP = MARGINAL PRODUCT OF LABOR 1 Wolter et al (2006) PROGRAM COSTS APPRENTICE WAGE The business partner pays the apprentice at an hourly rate of minimum wage or higher. The apprentice will likely work 16 hours in Year 1, 24 hours in Year 2, and 32 hours in Year 3, with potentially more hours possible during summers when school is out (summer hours decisions are at discretion of employer/apprentice). TRAINING COSTS The business partner covers the cost of training center tuition each year. Total training costs, including the CareerWise Business Participation fee, will not exceed $5000/year per apprentice. The training center contribution will vary depending on the size of the apprenticeship cohort. For example, the Year 1 training center contribution for the 2017 Advanced Manufacturing pathway was $2,000. BUSINESS PARTICIPATION FEE Business partners also pay CareerWise an annual per-apprentice Participation Fee as part of the training costs. The fee is assessed based on the associated table. APPRENTICES IN COHORT PER-APPRENTICE FEE* 9 or less $500/year Between 10 and 25 $400/year 25 or greater $300/year *The Per-Apprentice Fee is charged at the end of each program year based on the number of apprentices in your cohort according to the above table. Your total invoice will be due by July 01 in 2019, 2020, and 2021. **New pathways have the first year of the participation fee waived. Learn more info@CareerWiseColorado.org www.CareerWiseColorado.org