Closing the IT Skills Gap: The Solution

Intersect GROUP CLOSING THE IT SKILLS GAP: THE SOLUTION We've presented the opportunities and challenges regarding the IT Skills Gap, but how do we actually solve this problem? START WITH EDUCATION. ENGINEERS & THE TYPES OF DEGREES Make Two-Year Schools More RE-SKILL EXISTING WORKERS Attractive for IT Candidates by Showing them the Numbers. EARNED External hiring costs 20% more than internal. KNOW THE TEAM YOU HAVE COMMUNITY 44% (75% OF EMPLOYEES FEEL THEIR WORK COLLEGES 46 STATES EXPERIENCE IS NOT LEVERAGED BY EMPLOYERS) have adopted rigorous Common Core State Standards for mathematics. 26 have agreed to consider the recently released Next Generation Science Standards, which aim to increase the rigor and quality of the science taughtin schools. BACHELOR 50% DEGREES INVEST IN EMPLOYEE TRAINING & DEVELOPMENT MASTER'S 30% DEGREES USE INTERNAL STAFF TRAINING AUGMENT WITH CONTRACTORS Americans with ASSOCIATE'S DEGREES make more than those w ith BACHELOR'S DEGREES "At all levels of educational attainment, STEM job holders ean 11% higher wages compared to their same-degree counterparts." NEAR LY 30% UTILIZE DISTANCE LEARNING & E-LEARNING IT EDUCATION PARTNERSHIPS Udacity, Georgia Tech & AT&T recently created an online education partnership to offer a MASTERS DEGREE IN Programs such as the National Math and Science Initiative have been created to increase STEM enthusiasm. QUALIFYING SCORES ON AP MATH, SCIENCE & ENGLISH EXAMS AFTER THE FIRST YEAR OF THE PROGRAM COMPUTER SCIENCE. 79% 7% The degrees will cost UNDER $7,000 VS. INCREASE AT NM & S INITIATIVE INCREASE NATIONALLY and be called an Online Master of Science. EVERY LITTLE BIT MATTERS "We must build our qualified IT work force from within. Corporations must support proven state policies and research-based practices that enhance students' interest in REDUCING ATTRITION IN STEM RELATED PROGRAMS STEM disciplines. It's important we all invest deeply in education, as a means of innovation and marketplace 60% 50% 3/4 MILLION survival." additional graduates within a decade - Wade Hughes, President and CEO, The Intersect Group ATTRITION ATTRITION SOURCES: Mad Hedge Fund Trader, New York Post, Statistic Brain, Forbes, Bureau of Labor Statistics, Knowledge@Wharton, The Economist, CIO Magazine