WORKFORCE AND

INNOVATION FOR A

STRONGER ECONOMY

(WISE) PLAN

WORKFORCE AND INNOVATION FOR A STRONGER ECONOMY (WISE) PLAN• Strategically aligns $40 million of NEW investment in higher education with emerging economic growth sectors

• Distributed competitively via defined performance measures:• 20% - Federal research expenditures• 80% - Degree production in 4- and 5-STAR jobs as indicated by the LA Workforce Commission

• Requires 20% industry match to spur private investment in colleges and universities

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WORKFORCE AND INNOVATION FOR A STRONGER ECONOMY (WISE) PLAN• Examples of 4- and 5-STAR jobs:

• Computer Science• Construction Crafts• Education• Engineering• Finance and Accounting• Healthcare• Industrial Production

• This DOES NOT diminish the importance of liberal arts and other degrees.

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WORKFORCE AND INNOVATION FOR A STRONGER ECONOMY (WISE) PLAN• Proposed bill language:

• Establishes a NEW FUND in the state treasury• Directs state treasurer to deposit funds at beginning of each fiscal year

• Funds are IN ADDITION TO all other funds allocated to higher ed

• LA Board of Regents and management boards shall distribute the funds

• Funds will be monitored by Board of Regents, Higher Ed Systems, LED, and LWC

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• Expand student access including online/hybrid learning and community college transfers and reverse transfers

• Improve student success through increasing retention rates, graduation rates, and completions

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• Expand private partnerships and program alignments with business and industry.

• Facilitate student and employer connections prior to graduation

• Grow university research and commercialization and technology transfer

• Maximize faculty expertise/excellence, uniqueness, and collaborations

MACRO STRATEGIC FRAMEWORK

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ANALYTICS DASHBOARD

http://youtu.be/qq_5ElX6i4M http://youtu.be/vNQpYmAlch0

MyEdu.com

8http://vimeo.com/50843758 http://vimeo.com/65347981

ACADEMIC PRODUCTS

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Personal Ed Plan

Q&A Stream

Course Data

Schedule Planning

Applications to help students improve success in college

PROFILE & SKILLS PLATFORM

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Student Profile

Skills & Credentials

Jobs match for students

Public profile for students to consume data and tell their story

INSTITUTION & EMPLOYER PRODUCTS

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Self-serve job posting

Talent Search

Talent Scout

Institution & employer solutions to improve student job outcomes

SYSTEM MARKETPLACES

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216,000 students / 325,000 alumni 35,000 nursing students90,000 students / 175,000 alumni

COMPARATIVE DATABASE

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• Publication of scholarship work• Citations to published journal articles• Research funding by federal agencies• Honorific awards bestowed upon faculty

members

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www.ulsystem.edu 15