Talent is Everything

cSignificant numbers of talented people, not to mention entrepreneurs, in the STEM fields come from international backgrounds. Home countries are trying to entice these men and women to return, while U.S. policy makes it difficult for them to stay here, apply the lessons they have learned and be meaningful economic contributors.

The Kauffman Foundation has more:

The United States stands to lose valuable economic contributors unless it removes immigration barriers to international STEM (science, technology, engineering and math) students who earn advanced degrees here, according to a study released by the Ewing Marion Kauffman Foundation.

International Ph.D. students in the United States on temporary visas accounted for nearly two-fifths (39 percent) of all Ph.D.s in STEM fields in 2013 – a proportion that has doubled over the past three decades. If the trend continues, the majority of STEM Ph.D.s from U.S. universities will go to international students by 2020.

The report, “Will They Stay or Will They Go? International STEM Students Are Up for Grabs,” conducted by Richard Appelbaum and Xueying Han at the University of California, Santa Barbara, shows that nearly two out of five international STEM students are undecided about whether to stay in America or return to their home countries after graduation. More than a third of them are aware of programs designed to lure them back to their countries of origin, at the same time U.S. immigration policy makes it difficult for them to remain here.

The ability to retain international STEM graduates has implications for U.S. entrepreneurship, innovation and economic growth. In 2014, 29 percent of all new U.S. startups were founded by immigrant entrepreneurs, reflecting a startup rate nearly twice as high as that of U.S.-born adults.

“Innovation is one of America’s strongest assets, but other nations are gaining on us,” said Yasuyuki Motoyama, director in Research and Policy at the Kauffman Foundation. “These students represent talented scientists and engineers. If we want to maintain our edge amid intensifying global competition, then our immigration policies must be modified to make it easier for international STEM students to make America their permanent home.”

The Kauffman report draws from 2,322 responses to an email survey of domestic and international graduate students enrolled in STEM programs at the 10 U.S. universities with the largest number of international students. Thirty-four percent of the respondents were international students holding temporary visas.

The report recommends that Congress take action to open the immigration door wider to international STEM students, including:

  • Adopt the Immigration Innovation Act (or the I-Squared Act), which would increase the H-1B visa annual cap from 65,000 to between 115,000 and 195,000, depending on demand and market conditions.
  • Adopt the Stopping Trained in America Ph.D.s from Leaving the Economy Act of 2015 (or the STAPLE Act), which would allow international students who earn STEM Ph.D.s from U.S universities and receive job offers from U.S. employers to be admitted for permanent resident status and exempted from H-1B visa limitations.
  • Amend the H-1B visa system to allow all individuals to switch employers/jobs.

The Kauffman researchers recommended that Congress avoid lumping illegal immigration with legal immigration in one bill, cautioning that “politics should play no role in an issue so critical to the future of U.S. competitiveness.”

And learn more about the Indiana Chamber’s new Technology & Innovation Council. Want to participate? Contact Mark Lawrance at mlawrance(at)indianachamber.com.

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Kelley School of Business Indianapolis Seeks Companies Looking for New Growth Opportunities

IUPUI KelleyThe IU Kelley School of Business Indianapolis is looking for central Indiana companies to partner with undergraduate-student teams for its renowned Integrative Core (I-Core) Program. A release from the school has more:

I-Core is a distinguishing component of Kelley’s bachelor’s degree program. Junior-level students take a set of four integrated classes—marketing, finance, supply chain management and team dynamics and leadership—during a single semester. Kelley students say I-Core is one of the most meaningful experiences of their Kelley careers—a rite of passage to understanding the business world and the value of teamwork.

A team of students will meet with company representatives to establish a project that works to benefit the company. Students conduct research, analyze findings and provide a recommendation at the end of the semester.

Students may consider new goods or services, providing a feasibility study of the new product and market. They will determine if return on investment justifies risk and capital investment.

Company representatives are asked to participate in an on-campus meeting to talk about the company’s current business and provide background information to help student analysis.

 Results: Testimonials from company reps and students

Last academic year, one student team worked with RICS Software in Indianapolis. VP of Products and Technology Chris Kozlowski says the I-Core group looked at additional revenue opportunities for the company.

“If you have the resources to spare, and you are looking for ways to think about your business differently, it’s a no-brainer,” Kozlowski said about his experience with the Kelley I-Core team.

“You have students who will think about the ways you do business, and the exercise—just going through the process—is worth it. It’s always nice to hear a different perspective. The fruit is in the ideation that they produce and present to you. It’s a different take on your business, which allows you to see things differently,” said Kozlowski. “The ideas were original and well-thought through. It’s a great exercise because it casts the lens inward a bit. It’s always good to hear new and different ideas.”

Kelley student and supply chain major Salman Al Muqaimi, BS’17, was one of the students who worked with RICS Software.

“Working with RICS Software was a great opportunity,” Al Muqaimi said. “Interacting and working with business professionals taught me that important skill everyone needs to be successful in business: communication. Taking I-Core gave me a better picture of what business is and how companies use the science of business to help them succeed.”

“I consider the I-Core project to be a preparation course for real life in business. I-Core is the gate, and walking through this gate gives you the chance to apply knowledge you’ve learned in the classroom to the real world,” he added.

Chris Gray is the Founder and CEO of Track Ahead, a career development app that facilitates firsthand and indirect engagement between college students and employers to match them based on mutual fit. He also worked with a Kelley I-Core team, who used Track Ahead data to build their own business model.

“When you’re talking to students about an idea, they’re asking questions. Those are often the same type of questions we thought about when the business was just getting started. It puts you back into that ‘day one mindset,’ thinking about the answers to the kinds of questions that hadn’t been thought about in a while,” said Gray. “In the startup world, you have to keep that sort of ‘day one thinking.’ You can’t lose sight of the thought process and the things you were thinking about in the first place. I think it was a good exercise.”

“I would recommend the I-Core experience to any company,” said Gray. “Being involved with Kelley Indy students helps all of us in the business community—to make sure we’re growing and cultivating the next generation. We have to find the time to reach out to them.”

Accounting and finance major Jalen McCoy, BS’18, says I-Core taught him to work efficiently with a team and the importance of being a leader.

“I enjoyed working with a company that genuinely cared about the ideas we came up with,” said McCoy. “The I-Core experience for a company could be an excellent recruiting tool, and students may come up with ideas that act as a catalyst for growth. I know personally that this I-Core experience was truly one of a kind, and I appreciated the participation of the company that I was involved with.”

How to get involved

Please request and fill out an application if you’d like your business to be involved.

Any for-profit organization can apply. The ideal company will have been in business for at least 10 years (minimum of 5 years) and will have shown an operating profit for at least three years (minimum one year). The company must be incorporated as an S corporation, C corporation or an LLC.

If you would like more information on this program, or to request an application, contact Teresa Bennett at tkbennet(at)iupui.edu or at 317 278-9173.

Employer Survey: Downward Workforce Trend Continues

More than half of respondents to a recent survey expect their workforces to grow in the next two years, but more of those employers continue to leave jobs unfilled and rank meeting talent needs as among their biggest challenges.

There were 671 respondents to the ninth annual employer survey, conducted by the Indiana Chamber of Commerce and its foundation. WGU Indiana sponsored the survey, sent to Indiana Chamber members and customers. Participating companies included 58% with fewer than 100 employees and 27% with between 100 and 500 employees. Leading industries represented were manufacturing (21%) and health care/social assistance (11%).

While there were not dramatic changes from workforce results in recent years, several downward trends continued. Companies that left Indiana jobs unfilled in 2015 due to under-qualified applicants increased to 45% – compared to 43% and 39%, respectively, for the prior two years. In addition, 27% of respondents identified filling their workforce and meeting talent needs as ­­their biggest challenge. Another 49% categorized the talent needs as “challenging but not their biggest challenge.” The 76% total exceeds the numbers for 2015 (74%; 24% biggest challenge) and 2014 (72%; 20% biggest challenge).

This comes despite the percentage of respondents requiring an industry certification or occupational license for unfilled jobs declining from 27% in the 2015 survey to 16% in 2016. At the same time, the minimum requirement of a high school diploma increased from 34% to 39%.

On the other end of the education spectrum, more employers are also raising the bar. Employers requiring a bachelor degree as the minimum level for the unfilled jobs increased from 23% a year ago to more than 28% in 2016. This reaffirms the importance of moving the current workforce toward degree completion.

More than half (52%) of survey respondents indicated they do not offer tuition reimbursement. Of those providing the tuition assistance, only 11% of companies see at least 10% of their employees taking advantage of the benefit. This serves as a potential additional detriment to reaching the Outstanding Talent goals, particularly in elevating the skills of incumbent workers. Recent Cigna Corporation research shows a $1.29 return generated for each $1 investment in tuition reimbursement.

Additional results include:

  • Personal qualities (work ethic, responsibility, initiative) and critical thinking skills were cited as most challenging to find among job applicants and new hires at 63% and 54%, respectively
  • More than half (54%) of companies expect to grow their workforce in the next 12 to 24 months. Forty-one percent anticipate no change, with 4% seeing a decrease
  • Pending retirements continue to be a factor as 57% say up to 5% of their employees will be eligible to retire within the next five years (27% place the percentage of eligible retirees as high as 10%)

View the survey results at www.indianachamber.com/education.

The Indiana Chamber and its foundation, focused on providing research and solutions to enhance Indiana’s economic future, have resources to assist employers, job seekers and students.

IndianaSkills.com provides job supply and demand information both statewide and regionally. It utilizes current labor market data to help companies, prospective workers and students understand Indiana’s workforce landscape. Salary data, required skills and certifications, and creation of effective job descriptions are among the featured tools.

Indiana INTERNnet has been connecting students and employers for internship opportunities for 15 years. The easy-to-use web site, informative Intern Today, Employee Tomorrow guide and regional partnerships are supplemented by additional outreach programs.

The Indiana Vision 2025 plan measures Indiana’s progress compared to other states on 36 goals in the four driver areas of Outstanding Talent, Attractive Business Climate, Superior Infrastructure, and Dynamic and Creative Culture.

Early Childhood Education Gets a Push in the Right Direction

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Great news: It seems like 2017 will be the year that everyone finally jumps on the train to expand the pre-K pilot program in Indiana. In just the past two weeks, we have had two major announcements from Governor Mike Pence and Superintendent Glenda Ritz on different proposals to expand the pre-K pilot program.

As background, in 2014 Pence testified in front of the Senate Education and Career Development Committee to pursue Indiana’s first pre-kindergarten program for disadvantaged four-year-olds. That session generated legislation to create a five-county pilot program (selected counties were Lake, Marion, Jackson, Vanderburgh and Allen) for 2,300 grants of up to $6,600 for low-income four-year-old students. This voluntary, voucher-based program could place students in public schools, private schools, licensed child care centers, licensed homes or registered ministries – as long as they were a Level 3 or Level 4 on Paths to Quality, which is Indiana’s child care quality rating and improvement system.

This pilot program was awarded $10 million that year and was given an additional $10 million the subsequent year. The response was overwhelming – over 500 low-income applicants in Marion County alone were turned away. In Valparaiso, 600 applications were submitted for only 285 spots. It is important to note that 41 other states have publicly funded preschool programs. Indiana is unique as businesses around the state have stepped up to the plate and have invested heavily to push to expand the pilot program. The business community realizes that having a quality start to school will ultimately lead to a stronger workforce and better communities.

The day of the Indiana Chamber’s spring board of directors meeting earlier this month, Governor Pence announced that he had sent a letter to Secretary Sylvia Burwell of the U.S. Department of Health and Human Services (HHS) expressing interest in expanding pre-K education for disadvantaged children. HHS oversees preschool development grants authorized under the Every Student Succeeds Act (ESSA). He has also stated publicly his desire to request additional state dollars in the next budget. It should be noted that Pence had the opportunity to apply for $80 million in federal grant dollars in 2014 and decided not to pursue the application at the very last minute, citing concerns regarding federal intrusion. The Governor now states that the pilot is producing great results and the time is right for expansion.

Similarly, Ritz announced a proposed expansion of pre-kindergarten programs in announcing her Imagine 2020 legislative plan the following week. Ritz’s pre-kindergarten announcement included high-quality, state-funded, universal access to pre-K to the tune of $150 million per year. With this price tag, Ritz stated that if the political will is there, the funds will follow. Her plan utilizes reversions from state agencies already made to the general fund and leveraging federal dollars.

Democratic gubernatorial candidate John Gregg joined Ritz this week to discuss more details about the pre-K plan. It was explained that the $150 million per year would be available for 289 public school districts with pre-K programs. The program would be voluntary for students, but would be open to all Hoosier four-year-olds, regardless of family income.

While we are thrilled that leaders of both parties are supporting expansion of pre-K programs in Indiana, per usual, the devil is in the details. Expansion can take shape in many forms: universal coverage for all four-year-olds regardless of income levels, increasing the number of counties in the pilot, expanding access to three-year-olds or changing the poverty-level income requirement. These details all are yet to be determined in each proposed plan.

The Indiana Chamber has partnered with many stakeholders to promote expansion of the pre-K pilot and has been meeting frequently to determine our approach to the 2017 legislative session, our messaging and to work collaboratively with community partners and Chamber members to promote a well-funded, high-quality expansion. We will be relying on employers across the state to help us beat the drum about the importance of a great early start to school, which will help lead to lifelong success.

Mo Rocca Cites Benjamin Harrison Home Experience in Commencement Speech

Humorist and “CBS Sunday Morning” correspondent Mo Rocca recently advised graduates of Sarah Lawrence College to not panic if they don’t yet know what their professional lives will hold. In his anecdotes, he mentions how an experience at the Benjamin Harrison Presidential Site (in downtown Indianapolis) among other historic homes gave him a new perspective on passion.

Also noteworthy: “Do not take romantic advice from people who have been single for more than five years, or divorced more than twice.”

Survey: Where Will the Workers Come From?

Several straightforward conclusions can be drawn from the ninth annual workforce survey conducted by the Indiana Chamber and its foundation.

The good news is that respondents are optimistic about growing their businesses over the next one to two years. The challenge, however, is that they don’t know where they are going to find the workers to allow that growth to take place.

For the third consecutive year, the number of jobs left unfilled due to underqualified applicants increased. So did the number of employers who identified filling the workforce as their biggest challenge.

“There is a reason that Outstanding Talent is the top driver in our Indiana Vision 2025 plan,” says Indiana Chamber President and CEO Kevin Brinegar. “The survey once again reinforces the work that must be done at so many levels to increase the skills of our current and future workers.”

View the press release and additional survey charts.

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Hoosier Author John Green on the “Joys” of Adulthood

John Green, the well-known Indianapolis-based author of “The Fault in Our Stars,” “Paper Towns” and other modern literary hits, recently spoke to the graduating class of Kenyon College in Gambier, Ohio.

He’s articulate as always and waxes philosophical on the monotony of adulthood, but explains why that monotony does have a purpose in advancing society.

National Conference on Career Pathways Coming to Indy

pathway confPostsecondary Pathways has been a multi-year series of regional events connecting educators and businesses throughout the state. BizVoice magazine featured a 2015 stop in Batesville and a March-April 2016 update on recent programs.

The topic is also prominent at the national level, with the National Career Pathways Network (NCPN) bringing its annual conference to Indianapolis and the JW Marriott in October. NCPN assists educators and employers involved in the advancement of career pathways, career and technical education, and related education reform initiatives.

The conference takes place October 5-7. Pre-conference workshops, nationally-known keynote speakers and more than 130 breakout sessions are featured. More than 1,200 participants are expected.

 

 

Indiana INTERNnet to Host Three Summer Networking Events for Interns, Mentors

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Roche Diagnostics interns enjoy a day at The Children’s Museum of Indianapolis.

Indiana INTERNnet will host a series of intern networking events this summer to encourage community engagement.

Interns from organizations throughout Central Indiana are invited to events at The Children’s Museum of Indianapolis (June 14), Indianapolis Zoo (July 14) and Indiana State Fair (August 5). Each will offer professional development and networking opportunities in addition to time to explore the venues.

  • The Children’s Museum of Indianapolis event will begin at 9 a.m. (check-in at 8:30 a.m.) with professional development. Following the programming, attendees will be free to explore the museum at their leisure until it closes at 5 p.m. An optional lunch will be served around noon.
  • The Indianapolis Zoo event will take place from approximately 1-5 p.m. Following professional development programming and zoo experiences, attendees will be invited to enjoy the Animals and All That Jazz concert from 5:30-8:30 p.m.
  • The Indiana State Fair event will begin at 9 a.m. (check-in at 8 a.m.) with a welcome and networking activity where Pete the Planner will speak to attendees. Interns will be invited to enjoy the fair at their leisure and participate in an optional social media contest administered by Indiana INTERNnet. The contest will conclude in the early afternoon. Fair bucks will be provided for each attendee to be used at food vendors throughout the fair.

In 2015, nearly 200 interns participated in Indiana INTERNnet events at The Children’s Museum of Indianapolis and Indiana State Fair.

A feeling of community connectedness is a significant factor in a young professional’s decision regarding where he or she lives and works.

“Talent retention is at the core of Indiana INTERNnet’s mission,” emphasizes executive director Janet Boston. “To complement the real-world experience interns gain on the job, these engagement events provide an opportunity for them to build relationships through networking and develop community pride.”

Capacity is limited and registration is required. The reservation deadline is June 1 for The Children’s Museum, July 1 for the Indianapolis Zoo and July 15 for the Indiana State Fair. Contact Katie Coffin to RSVP at INTERNnet@indianachamber.com or (317) 264-7535.