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Governor’s Task Force for the Recruitment & Retention of a Young Work Force for New Hampshire July 1, 2009

The Task Force for the Retention and Recruitment of a Young Workforce for NH

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A summary presentation of the research and recommendations for the Governor's Task Force for the Recruitment and Retention of a Young Workforce for New Hampshire. On March 24, 2008, Governor John Lynch signed Executive Order 2008-03, creating The Task Force for the Retention and Recruitment of a Young Workforce for New Hampshire. The Task Force was charged with researching, creating and presenting to the Governor a strategic set of recommendations designed to improve New Hampshire's ability to retain and recruit the young workers who will help support the state's economy in the coming years.

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Page 1: The Task Force for the Retention and Recruitment of a Young Workforce for NH

Governor’s Task Force for the Recruitment & Retention of a

Young Work Forcefor New Hampshire

July 1, 2009

Page 2: The Task Force for the Retention and Recruitment of a Young Workforce for NH

“ ”Human capital .... represents a strategic advantage in the increasingly competitive international economy in which we all participate.

-- Indiana Human Capital Retention Project

Page 3: The Task Force for the Retention and Recruitment of a Young Workforce for NH

A baby boomer turns 60 every 7 seconds.

Page 4: The Task Force for the Retention and Recruitment of a Young Workforce for NH

Who will take their place?

Page 5: The Task Force for the Retention and Recruitment of a Young Workforce for NH

What have we found so far?

Page 6: The Task Force for the Retention and Recruitment of a Young Workforce for NH

31NH Rank by Median Age

1990

Page 7: The Task Force for the Retention and Recruitment of a Young Workforce for NH

5NH Rank by Median Age

2007(Congratulations. We beat Florida)

Page 8: The Task Force for the Retention and Recruitment of a Young Workforce for NH

We’re lagging behind

% Change in Stock of College Graduates

(2000-2006)

8.7%

Page 9: The Task Force for the Retention and Recruitment of a Young Workforce for NH

There is an explanation.

Page 10: The Task Force for the Retention and Recruitment of a Young Workforce for NH
Page 11: The Task Force for the Retention and Recruitment of a Young Workforce for NH
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We’re not movingbackward.

We’re just falling behind.

Page 13: The Task Force for the Retention and Recruitment of a Young Workforce for NH

meanwhile...

Page 14: The Task Force for the Retention and Recruitment of a Young Workforce for NH

Percentage of NH four year degree graduates who plan to move out of state

66%

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Percentage of NH Young Professionals who plan to move out of state within five years

32%

Page 16: The Task Force for the Retention and Recruitment of a Young Workforce for NH

There is hope.

Page 17: The Task Force for the Retention and Recruitment of a Young Workforce for NH

Percentage of NH college students in their last year who want to stay, or are

considering staying

59%

Page 18: The Task Force for the Retention and Recruitment of a Young Workforce for NH

Percentage of NH college alumni who live out of state that want

to, or would consider, moving back to NH

64%

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Page 20: The Task Force for the Retention and Recruitment of a Young Workforce for NH
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What’s Most Important to

Young Workers?

Page 22: The Task Force for the Retention and Recruitment of a Young Workforce for NH

#1Employment opportunity is the

number one reason recent college graduates cite for moving from one

region to another.

Page 23: The Task Force for the Retention and Recruitment of a Young Workforce for NH

Percentage increase of student debt levels in the last 10 years

58%Salary is VERY important.

Page 24: The Task Force for the Retention and Recruitment of a Young Workforce for NH

New Hampshire alumni stayed because“quality of life” was important

to their decision.

94%

Page 25: The Task Force for the Retention and Recruitment of a Young Workforce for NH

8The 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

Minority White Non-Hispanic

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Minority White Non-Hispanic

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/2040923940/

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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

Page 33: The Task Force for the Retention and Recruitment of a Young Workforce for NH

Establish Stay Work Play

Business of the YearAward

Page 34: The Task Force for the Retention and Recruitment of a Young Workforce for NH

Encourage Business Participation inStay Work PlayStudent Loan Repayment Assistance Program

Page 35: The Task Force for the Retention and Recruitment of a Young Workforce for NH

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 Class

Broadband Services

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Continue Support for Increased Workforce Housing Opportunities

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RecreateCollege Career

Placement Offices

Page 44: The Task Force for the Retention and Recruitment of a Young Workforce for NH

Give Young Workers a "Retention Bonus Package" that highlights why New Hampshireis a great place to Launch a Career

Page 45: The Task Force for the Retention and Recruitment of a Young Workforce for NH

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

Page 47: The Task Force for the Retention and Recruitment of a Young Workforce for NH

View the full report at http://stayworkplay.com