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25 million workers aged 18 to 64 lack a high school diploma or high school equivalency credential. High school dropouts hinder the economy by resulting in lost earnings, taxes, and productivity.
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and Their Positive Effect on the Workforce
www.learningexpresssolutions.com
HIGH SCHOOL EQUIVALENCY PROGRAMS
workers aged 18 to 64 lack a high school diploma, GED®, TASC, or HiSET® (McGraw)
25 million
High school dropouts hinder the U.S. economy
Each high school dropout costs the U.S. economy about $260,000 in lost earnings,
taxes, and productivity (McGraw)
- McGraw-Hill Research Foundation
Investment in adult education isn’t just a good idea—it has quickly become critical to future U.S. economic prosperity.
“
Private industry can also step up and introduce High School Equivalency
Programs to their workforce
QUESTION
What effect does having a high school equivalency credential have on the
workforce?
ANSWER
More highly educated and trained workers are typically more productive than those
with less education and training
(National Governor’s Association)
SIGNIFICANT EFFECTS!
Having at least a high school equivalency credential is characteristic of a
STRONG WORKFORCE
Employees benefit, too.
Here’s how:
Employees gain:
Employees gain:
INCREASED JOB SATISFACTION
Employees gain:
JOB SECURITY
Employees gain:
MORE CONFIDENCE
Employees also become more productive
Assuming pay is indicative of performance and output…
Studies show the mean hourly
compensation of un-credentialed dropouts was slightly over
$12.00…
…while the mean hourly
compensation of GED test credential recipients was close to
$14.00 (Labor Market)
After earning a high school equivalency
credential, a high school dropout’s hourly wage is expected to increase
2.0% year-over-year
Total hours of work also increase based on experience
the workforce improves and the employees are happier
IN SHORT:
How are you handling your workforce training? Continue the
conversation with us
(646) 274-6434
www.learningexpresssolutions.com
McGraw: http://www.mcgraw-hillresearchfoundation.org/wp-content/uploads/the-return-on-investment-from-adult-education-and-training.pdf Labor Market: http://www.gedtestingservice.com/uploads/files/df5678b08a46aec2298c926279d738de.pdf National Governor’s Association http://www.nga.org/files/live/sites/NGA/files/pdf/2014/1402-Moodys-AmericaWorks_35f.pdf
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