In fact, if the US could better match skills with today’s jobs, unemployment would be at 6.5 percent instead of 9.1 percent, according to estimates from the Minneapolis Federal Reserve Bank. In that light, some companies have begun to partner with colleges to meet a mutual demand.
For example, Rio Salado College in Tempe, Ariz. works closely with corporations, government agencies, and other educational institutions to provide online classes that are convenient to students’ schedules and prepare them to succeed in well-paying careers.
The college and its business partners, ranging from airlines and banks to insurers, recognize that half of those who enroll in college are dropping out, citing costs and the demands of juggling work and family. A majority of today’s students work at least part-time and are raising families. Students at Rio Salado can choose from more than 600 online classes and more than 60 certificates and degrees, as well as in-person and hybrid classes (on-line and in-person) at college locations and workplaces.
One of Rio Salado College’s corporate partners, The United Services Automobile Association (USAA), has increased its workforce nearly ten-fold in recent years, due in large part to the kind of skills training and college credits completed at Rio Salado by more than 3,000 of its employees.