workforce and innovation for a stronger economy (wise) plan
TRANSCRIPT
WORKFORCE AND
INNOVATION FOR A
STRONGER ECONOMY
(WISE) PLAN
WORKFORCE AND INNOVATION FOR A STRONGER ECONOMY (WISE) PLAN• Strategically aligns $40 million of NEW investment in higher education with emerging economic growth sectors
• Distributed competitively via defined performance measures:• 20% - Federal research expenditures• 80% - Degree production in 4- and 5-STAR jobs as indicated by the LA Workforce Commission
• Requires 20% industry match to spur private investment in colleges and universities
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WORKFORCE AND INNOVATION FOR A STRONGER ECONOMY (WISE) PLAN• Examples of 4- and 5-STAR jobs:
• Computer Science• Construction Crafts• Education• Engineering• Finance and Accounting• Healthcare• Industrial Production
• This DOES NOT diminish the importance of liberal arts and other degrees.
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WORKFORCE AND INNOVATION FOR A STRONGER ECONOMY (WISE) PLAN• Proposed bill language:
• Establishes a NEW FUND in the state treasury• Directs state treasurer to deposit funds at beginning of each fiscal year
• Funds are IN ADDITION TO all other funds allocated to higher ed
• LA Board of Regents and management boards shall distribute the funds
• Funds will be monitored by Board of Regents, Higher Ed Systems, LED, and LWC
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• Expand student access including online/hybrid learning and community college transfers and reverse transfers
• Improve student success through increasing retention rates, graduation rates, and completions
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• Expand private partnerships and program alignments with business and industry.
• Facilitate student and employer connections prior to graduation
• Grow university research and commercialization and technology transfer
• Maximize faculty expertise/excellence, uniqueness, and collaborations
MACRO STRATEGIC FRAMEWORK
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ANALYTICS DASHBOARD
http://youtu.be/qq_5ElX6i4M http://youtu.be/vNQpYmAlch0
MyEdu.com
8http://vimeo.com/50843758 http://vimeo.com/65347981
ACADEMIC PRODUCTS
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Personal Ed Plan
Q&A Stream
Course Data
Schedule Planning
Applications to help students improve success in college
PROFILE & SKILLS PLATFORM
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Student Profile
Skills & Credentials
Jobs match for students
Public profile for students to consume data and tell their story
INSTITUTION & EMPLOYER PRODUCTS
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Self-serve job posting
Talent Search
Talent Scout
Institution & employer solutions to improve student job outcomes
SYSTEM MARKETPLACES
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216,000 students / 325,000 alumni 35,000 nursing students90,000 students / 175,000 alumni
COMPARATIVE DATABASE
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• Publication of scholarship work
• Citations to published journal articles
• Research funding by federal agencies
• Honorific awards bestowed upon faculty members
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