TWIB: College students thrive in Mass.
How does the Bay State prepare future job force?
Machine Generated Transcript
It's funny you're a quarter of a million students had a masters for college and grad school. Because of the high cost of living there has been an ongoing brain drain from the Boston area now last week when I was -- Peter and Paul gutsy recorded a segment with housing and economic development secretary -- -- -- And Janet's son vice president of experience which works -- in their words educate assists and inspire. The next generation of talent and some Begin by explaining their mission. It's seen the business started with college career centers. They're really looking to provide opportunities for their students and that can stand fulltime employment or internship opportunities. And they're also looking for other kinds of resources networking counseling advising so the full gamut of her service as you can imagine that a student might need when they graduate from college. It's a definitive answer to competition He kind of monster.com. -- Linkedin for college age people yes sort of a little of both -- I'm. We actually worked directly with the percent -- and so. They're offering a lot of -- extra capabilities as a result of being on the ground with their students. So it's beyond just the job board includes networking and includes alumni networking and includes everything the school might potentially offer. And Paul has a full disclosure well my full disclosure as Greg knows and is Janet noses the chamber has set up -- chamber in -- connecting Greg you know the overall. Team is itself here. For the state in terms of attracting business. But it is staying here is the theme on the internship piece. How is that going and how does this state gonna coordinate efforts including the chambers efforts. To really focus 250000. Spots college students how -- we keep them here. Right George you sad you know anything about had a better market the state and for most I had to other states. They focused their marketing efforts on business is that we get businesses to come here in our case we say we get another very important audience which is those quarter million students because if they stay here we get a starting job here frankly start a company here a lot of them well. -- that's a huge plus -- the state so we started with a principle that we knew. That you in the Federal Reserve Bank have been working on this that we have great companies like experience dot com a lot of people interest in the subject in aware of the fact that if we. A huge foot in the door is that intern ship. If you're in school here. One great way to get exposure to interest in Massachusetts businesses and and exciting worse going on is that internship. So we've developed to this program really has an umbrella. Not to say let's let's -- have a one stop shop. Where any student can go and see all the different kinds of efforts that are going on maybe you can put your resume. Drop your resume online at one place and it goes to a lot of different your resources and more people can and see yet and it's it's it is a simple. That that network effective in in internships -- them if you're a student the more companies -- see your resume the happier you are. Your company. If you get out there and the more students see the opportunity to better. If Mayor -- we're here He would point -- Boston has the highest concentration of people aged 21 to 34 whatever I could have four point five to 34 of -- -- know of any city in the country that Janet how big problem is is really -- -- -- we but you don't lose a lot of people who wanna stay here cant or are we. And -- doing pretty well. There's actually -- Federal Reserve study that was died in conjunction with the Boston chamber and they looked at the retention rates of young people. In the Massachusetts economy and their finding that we were losing a fair number of people. From the Massachusetts schools are going to other cities and states around the country. They also found that we were growing our number of 25 plus college educated workforce. Compared to other stakes. So we are seeing -- a lesser performance compared to other states around the country. That's really what this efforts all about we're trying to address and and retain and hold on to this young college graduate so we can grow our economy. You know Janet I wanna just pick up on something you said earlier it's not just about having a website. It's about connecting folks believe it or not when we started this project. There were students from Cambridge I won't identify which universities. Who had never come across the river and to visit or even see not only Boston but employers and so talk a little bit more about. Not connecting in a variety of ways that you see is him -- This project is really interesting because it's a great collaboration between government. And business an educational institutions in our state. Connecting those to students. So we see this as an opportunity to get the message out about internships for young people but can also internships for the benefit of those employers. And being able to connect the two electronically and bring them together. I think there's a lot of inefficiencies in our system today where certain employers. Are perhaps just posting had a few universities because it takes a lot of effort resource is for them to get out to a lot of schools. So by building this program were able to efficiently distribute those opportunities and hopefully get more and more Massachusetts college students. How would you compare the availability and quality of internships now to before the recession or got back in the boom of the early two thousands. I think that it's the same quality of contention let's think for and I think we are seeing some on some shifts in terms of whether they're being paid or unpaid internships. Some companies just don't have the resources think they see the value of the internship but they don't have the resources to necessarily provide for that student. So we're seeing a little bit that I think we're also seeing companies change their employment. Recruiting process seems. To be getting to used to internships as a pipeline for fulltime employment. And that helps -- reduce their recruiting costs because they get to try that in turn out during that summer semester spring semester and decide well I love this guy that I hire him. At a have to go out in sort of execute a full time recruiting effort. -- I wanna come back to what we talked about the first segment job creation which is really critical. And the Federal Reserve study. The number one reason that students gave for not. Staying here wasn't that they hadn't come across the river. Or that they have and seeing what's available in western Massachusetts it's a job yet so it's connecting students. And in some cases who want to stay here -- jobs and so in a sense it really comes down to what kinds of jobs should we be creating. -- get this wealth of talent here. So we talked about what did you think about that for -- I agree with you completely and and most fundamentally it's that obvious their opportunity here for people. What's interesting about Harvard Massachusetts -- economy our recovery -- in the earlier segment about the challenges on the blue collar side. The truth is I think that anyone would appreciate. I would any innovation economy we're really doing tremendously well and there's enormous amount of opportunity and I can -- -- she did twenty CEO -- and I've met. In the text base in the last six months when I say what could be governor I do to help you. The number one thing they say it's finding more talented people I've got -- I've got openings that I can't and it's also part of this effort is to get that word out that as we -- recovering. There parts of the economy where there is that kind of opportunity and I think that I think people are beginning. To see that that's happening but it that's an important message to get out there at that fundamentally the economic opportunity is here. Getting him having just had to give -- something Janet said it's important I think a large companies. Have their own internal capacity to get that word out one of the things that we -- Massachusetts is a small business economy are you now. And -- at the reason that we can be helpful and an experienced dot com more in this state are chamber can be helpful small businesses have a lot of difficulty you know should I start an internship program how when I recruit how would I really get my name out and meaningful way. And I think he's collaborative efforts. -- life sciences center for example we focus all our internships and that's based on helping small life sciences companies get in terms which they otherwise might not be able to. Thank you very much very well said secretary be electing Bob Estes starting economic development hasn't secretary Janet's son vice president of experience that comes thank you for joining us today. Thank thank you both for being partners as well. And that interviewer Jim and Greg was last week preempted by -- we thought was valuable and we're bringing it to you this time.