THE HIGHEST EARNERS DIDN’T GO TO FANCY COLLEGES

27. August 2015

Date: 27-08-2015
Source: FastCompany

THE ALMA MATER OF THE WEALTHIEST GRADS IN PAYSCALE’S COLLEGE SALARY REPORT WILL LIKELY SURPRISE YOU.

When it comes to earning potential, it’s no longer enough to have gone to a prestigious school. According to Payscale’s 2015-2016 College Salary Report, released today, the skills that you leave with matter far more than the reputation of your alma mater. In fact, Payscale found that across all company sizes and industries, 71% of employers said that school reputation is the least important factor in terms of hiring decisions.

But the answer is not as simple as majoring in potentially lucrative areas like STEM, Lydia Frank, Payscale’s editorial director, tells Fast Company. While students who graduated with a degree in STEM certainly seemed to make more money than those in the humanities, the report indicates that the highest earners are able to combine their technical knowledge with other soft skills, like the ability to think critically and communicate well. Read the rest of this entry »


More Businesses Want Workers With Math or Science Degrees

21. October 2013

Date: 21-10-2013
Source: The Wall Street Journal

Globalfoundries is seeking more applicants with skills in the STEM fields, and it has embarked on a crash program to train future workers. Shown, a chip wafer at the company’s plant in Malta, N.Y. Christian Science Monitor/Getty

MALTA, N.Y.—New York state got an influx of high-tech jobs five years ago when its offer of more than $1 billion of incentives, including cash and tax breaks, persuaded Globalfoundries Inc. to set up a semiconductor plant near Saratoga Lake in this town 25 miles north of Albany.

There has been one hitch: Because it is hard to find enough people with the right technical skills around here, about half of the 2,200 jobs at the plant were filled by people brought in from outside New York, and 11% are foreigners.

In terms of basic math and science skills, “we’re really floundering here in the U.S.,” Mike Russo, Globalfoundries’ director of government relations, said in an interview.

The company has embarked on a crash program with nearby school districts, the State University of New York and other partners to train future workers.

Globalfoundries says average annual base salaries at the plant range from $30,000 for production operators to $90,000 for engineers.

The shortage of highly skilled factory workers in Malta comes amid growing worries about a nationwide failure to produce enough strong graduates in science, technology, engineering and math, the so-called STEM fields. Read the rest of this entry »


If You’ve Got the Skills, She’s Got the Job

19. November 2012

Date: 18-11-2012
Source: THOMAS L. FRIEDMAN

TRACI TAPANI is not your usual C.E.O. For the last 19 years, she and her sister have been co-presidents of Wyoming Machine, a sheet metal company they inherited from their father in Stacy, Minn. I met Tapani at a meeting convened by the Minnesota Department of Employment and Economic Development to discuss one of its biggest challenges today: finding the skilled workers that employers need to run local businesses. I’ll let Tapani take it from here:

“About 2009,” she explained, “when the economy was collapsing and there was a lot of unemployment, we were working with a company that got a contract to armor Humvees,” so her 55-person company “had to hire a lot of people. I was in the market looking for 10 welders. I had lots and lots of applicants, but they did not have enough skill to meet the standard for armoring Humvees. Many years ago, people learned to weld in a high school shop class or in a family business or farm, and they came up through the ranks and capped out at a certain skill level. They did not know the science behind welding,” so could not meet the new standards of the U.S. military and aerospace industry. Read the rest of this entry »