Anthony Colavito’s Post

Third Way provides more evidence for the value of a #college #degree in this brief report. Yet another piece of evidence for the growing chasm between college-educated voters and those who are not: "...Non-college workers have also seen a shift away from #jobs previously viewed as stable and supporting a middle-class life to those now at the bottom end of the #labor market. In 1992, there were 27 million non-college workers in production, operative, and clerical occupations—jobs like #autoworkers, #mechanics, #clerks, and office assistants. By 2022, there were 21.5 million, a 20% decline. Meanwhile, the number of non-college workers in service occupations and #transportation surged, rising from 14 million in 1992 to 18 million in 2022, a 25% increase. Now, many more non-college workers are working jobs like #bartending, #nursing aides, and #warehousing than 30 years ago. ...On top of that, the average #wages in occupations non-college workers are entering are lower than those of the #occupations from which they are exiting. For example, the average hourly wage in service occupations is $21.70, about $6 less than the average wage in production occupations. These new jobs are also less likely to offer important benefits. Since 2013, only around 40% of service jobs provided #medical and #retirement #benefits. In comparison, 72% of production jobs provide them. And the types of jobs accruing to the college-educated offer the best benefits of all—85% of managerial and professional jobs offer medical and retirement benefits. The combination of non-college workers falling out of middle-pay, good-benefits occupations into low-pay, small-benefit ones mean those without a degree are falling further behind their college-educated peers." #highered #highereducation #collegesanduniversities #communitycollege #publicgood

For recent college graduates, the #jobmarket is cooling a bit (see my post from earlier this week). But there are some areas that are better for employment than others. "Employment of recent college graduates has risen steadily since the pandemic. But hiring rates have fallen since their 2022 peak. Some metro areas offer better opportunities for new college graduates than others. Areas with the greatest balance of wages, affordability, and hiring aren’t stereotypical tech and financial centers such as San Francisco, San Jose, or Seattle. They’re places in the South with strong science and technology employment, including #Raleigh, #Baltimore, #Austin, and #Atlanta." https://lnkd.in/eSvzHUad

Over the last 16 years, I’ve managed to increase my annual salary by 653% It’s not always about money but social mobility matters! In school, the emphasis was not on pursuing passions or aiming for high-paying careers. Instead, the focus was on avoiding pitfalls like teenage pregnancy, criminal involvement and simply passing my exams. Looking back, my school seemed to set the bar so low, yet, these outcomes were all too common among my peers. Fortunately, I was raised in a loving two-parent household. My mum dedicated her life to raising her four children, while my dad, a skilled opportunist, worked tirelessly at multiple jobs to support our family. Neither of my parents worked in lucrative industries, but their dedication and sacrifices made me feel incredibly fortunate and wealthy in many ways. When I look at this data, I feel an immense sense of accomplishment, gratitude and pride… But, it also forces me to question how many school leavers are provided with data on 💰The cost of living 💰Average wage 💰Highest paying occupations 💰How to prepare for the working world Among the occupations listed in the graph, teaching was the only one presented to me as a viable option. The average annual salary of other occupations wasn't discussed, making it seem as if those industries didn't exist. - What did you want to be when you were 16? - Were you presented with viable career opportunities? I’d love to hear from you!! #EmpowerYouth #SocialMobility #NextGen Source: Office for National Statistics

Why our team has Rachel Persaud showing us area skill gaps and market needs. No point in creating new programs if they are not going to be wanted or needed. #teamldi #njii #njit #mindthegap #microlearning #continuedlearning #nondegree #knowyourmarket

Understanding job market trends and industry insights is essential for the Learning and Development initiative team. By staying informed on the latest developments in technology, demographics, sustainability, and soft skills, this helps to make informed decisions on what programs are worth pursuing in a constantly evolving job market. #LDI #njii #njit #jobmarkettrends #noncreditprograms

Interesting insight from Charlie Ball on the Institute of Student Employers blog looking at the current graduate labour market: 'As 2024 progresses, we can most likely expect a gradual fall in overall vacancies, but not a dramatic one, and the jobs market in the next six months is likely to be more of the same that we have had in the early part of 2024. For those expecting to graduate, it means that tech, finance and business services such as marketing and HR will remain reasonably buoyant, as well as health, education and social care. But there may be a tougher jobs market in the creative industries, which are still suffering from the legacy of Covid. For employers, it means little respite is likely in difficult hiring situations such as tech – IT and engineering in particular – and a new graduating cohort that is unlikely to be big enough to fill existing gaps. As inflation comes down, we may see salary rises that are more in line with the increased cost-of-living, so although the jobs market in the latter half of the year will likely look quite similar to the last few months, it will probably be stronger than current economic figures suggest.' https://lnkd.in/e7A63hcB

Which specific majors result in the highest and lowest paydays? Read it here

Job seekers want and need career pathways, not just minimum wage jobs. And, America needs more job seekers trained and skilled for careers. Good news: The government and the people are aligned! Unfortunately, WIOA-funded programs are woefully under-resourced to make it happen. Our government spends 50x more on traditional college education than on adult job training. Millions of jobs are going unfilled. We need to invest far more money in robust training programs for "middle-skill" careers. These jobs, in fields like IT, healthcare, and manufacturing, require specialized training, but not necessarily a four-year college degree. The current system falls short. Research by The Project on Workforce at Harvard indicates that federally-funded job training programs are not effectively preparing workers for these in-demand positions. The median salary for graduates of these programs barely cracks $30,000 annually. By redirecting even a fraction of these funds towards developing effective training programs for middle-skill careers, we can equip millions of workers with the skills they need to succeed and fill the current gap in the workforce. Do you agree with the framing of this problem, as a funding imbalance? What else needs to be done to prepare America’s adults for the growing need for skilled workers? Sources: https://lnkd.in/efiX7fWw https://lnkd.in/eMnnNNNt

Last week I had a conversation with a CEO of an engineering company and we were talking about salary expectations of new graduates. The "gap" as noted in the article below speaks to the compensation landscape and the current economic uncertainty. This trend has employers stuck in the middle of this when it comes to finding young talent. Add in pay transparency rules, this divide can also create concerns with existing employees who want to be sure that their tenure is valued. These topics are what I will be discussing in tomorrow morning's Lakeside HR Group's Lakeside Chat with David Gramer. RSVP here: https://lnkd.in/dvCz76gF #paytransparency #compensation #salary #lakesideHrgroup #lakesidechat #economicuncertainty

⚖️ Employment Reforms: Big News for Some, but Education? Not So Much! 🎓 With the new Employment Rights Bill and Worker Protection Act shaking things up, industries across the board are adapting—except, well, education isn’t sweating it. Why? Because let’s face it: supply cover isn't exactly the dream career path. 😬 The reforms are all about protecting workers, especially from zero-hour contracts and job insecurity. But at KPi Education, we've already cracked that code. Permanent positions and long-term roles are where it’s at—no one wants to be bouncing between schools like they’re chasing the next gig, right? 🎒 At KPi Education, we've been ahead of the curve for ages. Short-term supply cover? Not here, thank you! 👋 We only deal in long-term and permanent placements because stability matters—for both schools and candidates. 🏫 We’ve got a lineup of star educators ready to make a lasting impact (and maybe even survive a Monday morning without five coffees ☕). So what do you think of these new reforms? 🎤 Will they reshape recruitment, or just add a few more grey hairs to our heads? Let’s talk about it! 📱 07762 481 074 | 0161 694 9757 📧 andrewz@kpir.co.uk #EducationRecruitment #EmploymentReforms2024 #NoSupplyCover #LongTermPlacementsOnly