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8/2/2019 Washington DC Talent Dividend Presentation
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CEOs for Cities is a national network of urban
leaders dedicated to building and sustainingthe next generation of great American Cities.
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CEOs for Cities
The Talent Dividend
Sponsored by:
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City Dividends
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National Gains
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Talent
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Talent retention is key.
Quality of place
Quality of opportunity
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The Approach
Cities dier in educational attainment
Dierences reveal opportunities for improvement Improvement gains estimated from evidence
Gains represent potential payback from better
policies
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Note: Washington-Arlington-Alexandria,
DC-VA-MD-WV MSA
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The Hypothesis
Better-educated = higher incomes Better-skilled = more innovation and productivity
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The Evidence
Education Explains Most Differences in Metro IncomeAnnual Per Capita Income, 2005
NO
RAL
ROC
SLC
BIR
BUF
OKC
HAR
RIC
LOUMEM
JAC NAS
AUS
MIL
CHA
PRI
VB
IND
COL
LV
SAT
KC
ORL
SACCLE
CIN POR
PIT
DEN
BAL
TPA
STL
SANMIN
SEA
PHO
DET
ATL
MIA
HOU PHI
DAL
CHI
LA
NY
y = 763.27x + 16466
R2
= 0.5846
$30,000
$32,000
$34,000
$36,000
$38,000
$40,000
$42,000
$44,000
$46,000
$48,000
$50,000
15 20 25 30 35 40 45
Percent of Population with a 4-Year College Degree, 2006
Sources: BEA (Income), Census (Education)
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Estimating the Gain
Each 1 percentage point increase associated with
$763 increase in per capita income or about $1,900
to $2,290 per year for average household (2.5-3people)
Important to note: education gains are product of
shift in entire skill distribution - not just moving a
certain number of people from no degree to collegegraduation
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Shifting the Distribution
Dropouts Advanced Degrees
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Educational Attainment
Source: 2006-2008 American Community Survey
District of Columbia
No.
% of People
Less than High School 14.7% 58,980
High School Only 20.7% 83,053
Some College/AA 17.4% 69,813
Four-year Degree 47.3% 189,778
Less than High School 8.5% 9,081
Four-year Degree 60.7% 64,852
Goal 48.3%
Additional degree holders 4,012
Talent Measures
Educational Attainment (Population 25 and Older)
Educational Attainment of Young Adults (25 to 34)
Talent Dividend
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Why Focus on Educational
Attainment?
Source: Bureau of Labor Statistics, March 2010
Overall 9.7%
Less than High School 14.5%
High School Only 10.8%
Some College/AA 8.2%
Four-year Degree 4.9%
Unemployment by Education Level
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Three-quarters of the workers that were
fired over the last year were let go on a
permanent, not a temporary basis.
-- David Rosenberg, July 2009
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Why Focus on Educational
Attainment?
Source: Bureau of Labor Statistics, First Quarter 2010
Wages by Education Level Weekly Annualized
Less than High School $448 $23,296
High School Only $624 $32,448
Some College/AA $738 $38,376
Four-year Degree $1,140 $59,280
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Washington DC's
Talent Dividend
If we increase Washington DC's college attainment
rate from 47.3 percent to 48.3 percent (4,012
additional new grads)
The DC Talent Dividend =
$450 million annually
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City Dividends
Total City Dividends for DC
$604 Million Annually
$450 million $47 million107 million
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Capturing the Talent Dividend
Strategy Buckets:
Re-engage adults with some college, no 4-year
degree
Increase transfer rate of students in 2-year
institutions to 4-year institutions
Retain current students for timely completion
Increase college-going behavior of high school
students
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Who Needs to Participate in
Achieving the Talent DividendColleges & Universities Increase retention and
completion rates, increase enrolled adults, retain
graduates in city
Businesses - Flex time, classes on corporate
campus, open house on occupations, accredited
corporate education, identify employees with
some college but no completion, tuition
reimbursement
Foundations - Align giving to reach goal, hold
grantees accountable, measure and report results
at key milestones, provide independent
advocates
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K-12 - Increase college-going behavior
Nonprofits - Align programs to reach goal, take
responsibility for results
Government - Flex time, classes in city buildings,
open house on occupations, identify employees
with some college but no completion, tuition
reimbursement
Economic Development - Embed talent
development and retention as a priority in
strategic plan
Who Needs to Participate in
Achieving the Talent Dividend
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Talent Responsibility MapBaseline
Organization
Critical Metrics
On-tim
eHigh
School
Graduates
Coll
egeContinuatio
n
Adult
Posts
econdary
Participatio
n
Coll
egeComple
tion
Organization
City Public Schools
County Public Schools
Private Schools
Community College
Public University X
Private Universities Y
Nonprofit High School Graduation
Access to College
Workforce Development
Foundation
Business
Government
Economic Development
Total BAs produced X+Y
= Primary Organization Net in-migration Z
= Secondary Organization Dying BAs A
Net BAs X+Y+Z-ATD Goal New BAs #
Gap #-Net BAs
K-12
Higher Education
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Imagine developingall of our talent
and putting it all to work.
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www.ceosforcities.org/talentdividendtour
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