Governors Task Force for the Recruitment

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Governors Task Force for the Recruitment
Retention of a Young Work Forcefor New
HampshireJuly 1, 2009
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Human capital .... represents a strategic
advantage in the increasingly competitive
international economy in which we all
participate.-- Indiana Human Capital Retention
Project


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A baby boomer turns 60 every 7 seconds.
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Who will take their place?
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What have we found so far?
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We lost graduates.
-11.1
Change in Stock of College Graduates (1990-2000)
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31
NH Rank by Median Age
1990
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5
NH Rank by Median Age
2007
(Congratulations. We beat Florida)
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Were lagging behind
8.7
Change in Stock of College Graduates (2000-2006)
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There is an explanation.
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Were not moving backward.
Were just falling behind.
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The Problem?
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22
Percentage increase in college educated workers
in Colorado (1995-2000)
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meanwhile...
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66
Percentage of NH four year degree graduates who
plan to move out of state
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32
Percentage of NH Young Professionals who plan to
move out of state within five years
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There is hope.
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59
Percentage of NH college students in their last
year who want to stay, or are considering staying
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64
Percentage of NH college alumni who live out of
state that want to, or would consider, moving
back to NH
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Whats Most Important to Young Workers?
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1
Employment opportunity is the number one reason
recent college graduates cite for moving from one
region to another.
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Salary
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58
Percentage increase of student debt levels in the
last 10 years
Salary is VERY important.
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94
New Hampshire alumni stayed because quality of
life was important to their decision.
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8
The number of hispanic births born for every one
death The number of white, non-hispanic births
for every death is 1.3
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NH Population
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National Growth
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Recommendations
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Formalize promotionof New Hampshire as a
Launching Padfor Life
http//www.flickr.com/photos/toptechwriter/2040923
940/
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EstablishCollege Leadership NH
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Establish a Non-Governmental Entity to Continue
Work in the Area of Young Worker Recruitment and
Retention
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Design and Promotea Life-Launch Portal at
StayWorkPlay.org
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Establish Stay Work PlayBusiness of the
YearAward
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Encourage Business Participation inStay Work
PlayStudent Loan Repayment Assistance Program
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Engage and Empower Young Workers as Authentic
Messengers
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Support theIncreased Use ofInternship Programs
by Small and Mid-Sized Businesses
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Increase School-to-WorkInternship Opportunities
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Encourage Use of Apprenticeship Programs
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Reintroduce Commuter Rail Along the Capitol
Corridor
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Recognize the Central Role of Post-Secondary
Education in Economic Development
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Bridge the Digital Divide Without Compromising
Availability of Best in ClassBroadband Services
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Continue Support for Increased Workforce Housing
Opportunities
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RecreateCollege CareerPlacement Offices
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Give Young Workers a "Retention Bonus Package"
that highlights why New Hampshireis a great
place to Launch a Career
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Improve Child Care Options for Parents with
Children Under Five Years of Age
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Encourage the State to Utilize a Workforce
Planning Model to Ensure it Can Recruit and
Retain Young Workers
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View the full report at http//stayworkplay.com