In late April, Purdue University partnered with the Indiana Chamber, Indiana INTERNnet and others to present a brain drain/gain workshop as part of the Chamber’s 53rd Annual Human Resources Conference. Panel discussions, presentations and more on the talent/skills gap were compiled into a comprehensive report. Read the full report.
It documents the workshop, including key takeaways and actions and is provided to those with an interest in these topics. Our aim is for the information in the report to be a resource for those working to make progress within their organization and forming collaborations with other stakeholders to move Indiana forward.
Just passing along an interesting release from our friends at Ball State regarding Indiana’s "brain drain" situation. It appears as though the Hoosier state is a great draw as far as bringing students in for college (good news), but we can have a difficult time keeping them here afterward (not so great news).
Indiana is attracting fewer college-educated people between the ages of 25 and 64 than it needs to build a strong economy, but at the same time, more young people are migrating into the state to attend college, says a new Ball State University report.
Educational Attainment in Indiana from Ball State’s Center for Business and Educational Research (CBER) finds that of the 487,000 working age people that migrated into the state from 2006-09, about 20 percent had a bachelor’s degree or higher. Over the same time period, 73,000 people moved out of Indiana, with 37 percent possessing a bachelor’s degree.
"Migration patterns suggest that the state is attracting less educated people, which has serious ramifications for economic development," said Dagney Faulk, research director for CBER, a division of the Miller College of Business.
"Recent stories in the news media suggest that manufacturing establishments are experiencing shortages in skilled workers," she added. "Workers migrating into the state don’t appear to be helping this situation."
On a positive note, Faulk said Indiana’s reputation for high quality college, and universities may be a factor not only in increasing the number of Hoosiers seeking bachelor’s degrees but also for attracting out-of-state young people.
The study found that in 2008, 74 percent of freshmen on Indiana colleges and universities were state residents. The net migration of students into Indiana that year was 8,382, indicating that more students are coming to attend college than leaving. Indiana is ranked second behind Pennsylvania in net migration. New Jersey ranked last in 2008 with 28,000 migrating out of state to attend college.
"Indiana has a strong reputation for its public and private colleges, and we have lower tuition costs than many surrounding states," Faulk said. "High quality programs draw students from other states and countries. These students contribute to the diversity of the student bodies on campuses across the state."
Indiana has long battled "brain drain" as many well-educated Hoosiers move out of state seeking new opportunities. About 20 percent of Indiana residents have a bachelor’s degree. All the while the state is ranked in the top third of states in the nation in conferring degrees.
Faulk said 15 to 20 percent of Indiana’s recent college graduates have left the state for opportunities elsewhere, with Chicago being the primary destination for many.
She also pointed out that the growing number of Hoosier ninth-graders who go on to college and the increasing share of students who complete a baccalaureate in six years suggest that the proportion of Indiana’s population with a bachelor’s degree is likely to increase over the next few years.
"The modern job market necessitates this change," Faulk said. "If Indiana is to build a strong economy, it must increase the number of people possessing a bachelor’s degree or advanced degrees."
I was born and raised right here in Indiana. I love living here. Okay, sometimes I would do anything to be able to run down to the beach on my days off, but truly, I wouldn’t think about living anywhere else.
There are so many positives to being a Hoosier, including the cost of living – I’m actually able to save money instead of throwing it away every month on rent that is way too high. Our state government is doing pretty well, meaning our taxes are lower than many other states. People are welcoming and friendly. We have wonderful small towns and a beautiful landscape all around us.
That’s why I’ve never truly understood the reasoning behind Indiana’s so-called “brain drain,” where native Hoosiers, or those who come to study here, move away as soon as they’re done with school. I recognize that one reason they’re so apt to abandon Indiana is because of the lack of job opportunities in the past, but it seems that we’re making great strides in attracting and retaining businesses and jobs.
But, a recent study by the Indiana CPA Society shows yet another increase in the percentage of accounting students who are planning to leave the state following graduation. In 2010, the percentage of students who were planning to stay was around 44%. In 2011, that decreased to just over 37%. Those who said they would stay and work for one to five years decreased from 34.5% in 2010 to over 28% in 2011. However, the percentage of students who are planning to stay in Indiana for five to 10 years doubled from the previous year.
The survey offered some other findings as well, such as the fact that public accounting is the top career choice for students, even though that percentage has declined over the past three years. Compensation is also a key for CPA students, as it was ranked the most important consideration for students as they choose a potential employer.
That study doesn’t account for all students across the state, just a small portion, but it gives us a good glimpse into the fact that retaining top talent is still something that needs to be a No. 1 priority.
If you’ve even visited New York City, you know the cost of living is more than a smidge higher than anything you’ll find in Indiana. Part of that, of course, is because of taxes. But even outside of Manhattan, a lack of jobs is pushing residents of the suburbs — and upstate — to other parts of the country. According to a recent poll, many New Yorkers under 30 plan to flee the state soon. Here’s the report from the Daily News:
Escape from New York is not just a movie – it’s also a state of mind.
A new Marist College poll shows that 36% of New Yorkers under the age of 30 are planning to leave New York within the next five years – and more than a quarter of all adults are planning to bolt the Empire State.
The New York City suburbs, with their high property values and taxes, are leading the exodus, the poll found.
Of those preparing to leave, 62% cite economic reasons like cost of living, taxes – and a lack of jobs.
"A lot of people are questioning the affordability of the state," said Lee Miringoff, director of the Marist College Institute for Public Opinion.
An additional 38% cite climate, quality of life, overcrowding, a desire to be closer to family, retirement or schools.
The latest census showed New York’s overall population actually increased, though parts of upstate shed population and jobs.
A full 53% think the worst is yet to come for the state’s economy, while 44% say things should start improving.
"As the state of the economy fails to recover, New Yorkers see this not as a sluggish rebound, but as a sluggish economy," Miringoff said.
During a visit to Buffalo yesterday, Gov. Cuomo yesterday said attracting and retaining jobs is a priority for his administration.
"We have to keep jobs here and we have to develop new jobs," he said. "And we want to start bringing back jobs from other parts of the country."
Indiana INTERNnet director Pam Norman recently presented northeast Indiana’s Graduate Retention Program with a check for $10,000. Thanks to the Fort Wayne Chamber for the link.