Virtual Career Center - Leveraging LMI Data to Optimize Student Outcomes Building Integrated Workforce Development Systems - C2ER
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Virtual Career
Center
Building Integrated Workforce Development Systems
Leveraging LMI Data to Optimize
Student Outcomes
Your Complete Workforce Solution
Geographic Solutions is the Nation’s Leading Provider of
Public Sector Employment Solutions
About Us
• Headquartered in Palm Harbor, FL
• West Coast Office in Salinas, CA
• Founded in 1992
• Over 300 Full-Time Employees
• Implemented Over 75 Workforce
Systems in 30 States and U.S. Territories
2
What is Virtual Career Center?
To understand what Virtual Career Center is, ask yourself a few
questions…
• When you were younger, did you know what you wanted to be when you grew
up?
• Are you doing now, what you wanted to do then?
• If not, what changed?
• Did you know where and what you wanted to study?
• Did you feel prepared to enter the workforce when you graduated from high
school or college?
• If not, why not?
Copyright 2019 Geographic Solutions, Inc. All rights reserved. The information contained in this presentation is to remain strictly confidential and should not be distributed. 3
Higher Education
A winning proposition
• College graduates, on average, earned 56% more than high school graduates
The Economic Policy Institute, 2015
https://www.usatoday.com/story/money/2017/01/12/pay-gap-between-college-grads-and-everyone-else-record/96493348/
• This translates to as much as $1 million over the course of a lifetime
• The highest earning majors earn $3.4 million more than the lowest earning
majors
Georgetown University, 2015
https://cew.georgetown.edu/wp-content/uploads/Exec-Summary-web-B.pdf
Copyright 2019 Geographic Solutions, Inc. All rights reserved. The information contained in this presentation is to remain strictly confidential and should not be distributed. 4
Higher Education
A winning proposition… with caveats
• 44 million Americans have outstanding student loan debt
• This debt averages $34,144 or more, per borrower
Experian, 2017
https://www.experian.com/blogs/ask-experian/what-is-the-average-student-loan-debt/
Copyright 2019 Geographic Solutions, Inc. All rights reserved. The information contained in this presentation is to remain strictly confidential and should not be distributed. 5
Higher Education
A winning proposition… with caveats
CNBC, 2018
https://www.cnbc.com/2018/02/15/heres-how-much-the-average-student-loan-borrower-owes-when-they-graduate.html
Copyright 2019 Geographic Solutions, Inc. All rights reserved. The information contained in this presentation is to remain strictly confidential and should not be distributed. 6
Higher Education
A winning proposition… with caveats
• Over 40% of recent
college graduates are
underemployed
• Over 34% of lifetime
college graduates are
underemployed
The Federal Reserve Bank of New York, 2019
https://www.newyorkfed.org/research/college-labor-market/college-labor-market_underemployment_rates.html
Copyright 2019 Geographic Solutions, Inc. All rights reserved. The information contained in this presentation is to remain strictly confidential and should not be distributed. 7
Higher Education
A winning proposition… with caveats
https://www.payscale.com/data-packages/job-skills
Copyright 2019 Geographic Solutions, Inc. All rights reserved. The information contained in this presentation is to remain strictly confidential and should not be distributed. 8
Student Loans
Addressing the symptoms
• Nationwide student loan forgiveness • Annual Revenue: $3.645 trillion
• A $1.49 trillion expense • Annual Spending: $4.746 trillion
The Federal Reserve Bank of New York, 2018 • Mandatory: $2.841 trillion
https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/h
hdc_2018q4.pdf • Discretionary: $1.426 trillion
• Annual Deficit: $1.101 trillion
The Balance, 2019
https://www.thebalance.com/u-s-federal-budget-breakdown-3305789
Copyright 2019 Geographic Solutions, Inc. All rights reserved. The information contained in this presentation is to remain strictly confidential and should not be distributed. 9
The Skills Gap
Career clusters and pathways: Connecting career information
Guiding program development in the creation of programs of study to bridge
secondary and postsecondary curriculum in order to prepare students for career
paths by creating individual plans of study
• 16 Career clusters
• 79+ Career pathways
• 1,800 Career specialties
Advance CTE
https://careertech.org
Copyright 2019 Geographic Solutions, Inc. All rights reserved. The information contained in this presentation is to remain strictly confidential and should not be distributed. 10The Skills Gap A disconnected offering of solutions There are many private industry offerings that address portions of the overall challenge, but few, if any address the challenge in it’s entirety • Career cluster, pathway, and specialization planning for K through 12 • Career and program research tools for post-secondary institutions • Job search and networking tools for graduate students Copyright 2019 Geographic Solutions, Inc. All rights reserved. The information contained in this presentation is to remain strictly confidential and should not be distributed. 11
The Virtual Career Center Aligning everyone involved to create an all-in-one solution to address the root cause of the skills gap and student loan crisis • Students • Academic Institutions • Employers • Workforce Agencies Copyright 2019 Geographic Solutions, Inc. All rights reserved. The information contained in this presentation is to remain strictly confidential and should not be distributed. 12
The Virtual Career Center
For the students
• Career cluster, pathway, and specialization research
Customizable by implementation to highlight regional in-demand pathways
• Career exploration and assessments
Based on industry standards such as ONET assessments and BLS data to identify interests
• Current and historic labor market statistics
Provided by state and local workforce agencies to align academia with real- world regional
labor market data for curriculum development and student career research
• Post-secondary institution and program exploration
Research over 6,800 institutions to identify education pathways that align with career goals
Copyright 2019 Geographic Solutions, Inc. All rights reserved. The information contained in this presentation is to remain strictly confidential and should not be distributed. 13The Virtual Career Center
For the students
• Apprenticeship and entrepreneur resources
To provide information and opportunity regarding post-secondary alternatives
• Internship resources
Providing a platform for students to find internships that match their enrolled program
• Resume builder and interview practice
A comprehensive resume builder tool to create professional resumes immediately
discoverable by over 2 million currently active employers
• Job search and networking tools for graduate students
Find jobs related to a student’s program by searching up to 10 million job postings, posted
directly by employers and spidered by over 12,000 bots daily
Copyright 2019 Geographic Solutions, Inc. All rights reserved. The information contained in this presentation is to remain strictly confidential and should not be distributed. 14The Virtual Career Center
For the academic institutions
• Program and curriculum alignment with labor market demand
Adapt curriculum to meet trends identified directly by the regional Workforce Agency
leveraging data from WID, BLS, DOL, ONET, US Census, College ScoreCard, IPEDS, and
an industry leading collection of real-time job postings
• Counseling tools to guide students
Interact with students by reviewing worksheets, goal attainment, and interests
• Activity and progress tracking
Monitor student activity throughout their academic career to ensure they are completing the
tasks necessary to maximize their preparedness for whatever comes next
Copyright 2019 Geographic Solutions, Inc. All rights reserved. The information contained in this presentation is to remain strictly confidential and should not be distributed. 15The Virtual Career Center
For the academic institutions
• Job placement tools
Review student resumes and guide them towards jobs that match their skillset
• Graduate outcome tracking
VCC’s capability to be integrated directly with state and local Workforce Agency VOS systems
enables academic institutions the unprecedented capability to track job placement outcomes
by program without having to perform surveys
Copyright 2019 Geographic Solutions, Inc. All rights reserved. The information contained in this presentation is to remain strictly confidential and should not be distributed. 16The Virtual Career Center
For the employers
• Access to entry level talent and experienced talent in a single location
Find students that match desired skillsets for internship and entry-level positions in the same
regional Workforce Agency board where experienced professionals are already discovered
• Real-time labor market intelligence
Forecast supply and demand with the same comprehensive LMI data available to Workforce
Agency analysts
Copyright 2019 Geographic Solutions, Inc. All rights reserved. The information contained in this presentation is to remain strictly confidential and should not be distributed. 17The Virtual Career Center
For the Workforce Agencies
• Seamlessly integrated student to job seeker transition
VCC integration to Workforce VOS sites provides students the ability to convert directly to job
seekers as soon as they begin their job search – all of their activity carries over
• Reporting on upcoming graduates
Forecast supply and demand by generating reports on current real-time academic enrollment
Copyright 2019 Geographic Solutions, Inc. All rights reserved. The information contained in this presentation is to remain strictly confidential and should not be distributed. 18Virtual Career Center Beginnings
2015 New Mexico Career Solutions
2017 Virtual Career Center
2018 New Mexico Career Solutions VCC Upgrade
2019 Florida International University
2019 Florida Memorial University
2019 Miami-Dade Community College
2019 St Thomas University
2020 More to come!
Copyright 2019 Geographic Solutions, Inc. All rights reserved. The information contained in this presentation is to remain strictly confidential and should not be distributed.
19A Cradle to Career Solution
Requires subject matter expertise
• Name: Hazel
• Joined: 03/19/19
Copyright 2019 Geographic Solutions, Inc. All rights reserved. The information contained in this presentation is to remain strictly confidential and should not be distributed.
20Copyright 2019 Geographic Solutions, Inc. All rights reserved. The information contained in this presentation is to remain strictly confidential and should not be distributed. 21
Questions and Contact Information
Dan Cobus Brent Fredenrich Cynthia Portugal
Business Development Manager - Lead Programmer/Analyst Inside Sales Specialist
Education
dcobus@geosolinc.com bfredenrich@geosolinc.com cportugal@geosolinc.com
Corporate Headquarters:
1001 Omaha Circle - Palm Harbor, FL 34683
Ph: 727-786-7955 – Fax: 727-786-5871
West Coast Office:
234 Capitol Street, Suite A – Salinas, CA 93901
Ph: 831-757-4400 – Fax: 831-757-4401
www.GeographicSolutions.com
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