Role Flashcards

1
Q

What is WFE?

A

Workforce Edge offers program management with a centralized approach, allowing you to easily track, approve and measure progress, all while providing your team with access to diverse programs and exclusive discounts. 

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2
Q

WFE Mission?

A

Our mission is to improve education accessibility for all—to break barriers and support economic and career mobility. We partner with employers to provide a better education benefits experience to both administrators and employees. Through our partnerships with schools, employees gain increased access to a network of leading education providers. Our platform facilitates and simplifies the process for everyone: employers, learners, and schools.

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3
Q

What are our Coding Bootcamps?

A

Hackbright We’re proudly the leading engineering school for diversity. We were founded with the mission to provide women with a personalized path to a software engineering career and we are tremendously proud of our program, our students and graduates and the employers we serve. We were founded in 2012 and since then have had over 1,200 people graduate with greater than 90% identifying as women or non-binary. Our graduation rate is approximately 95%.
DevMountain:DevMountain is a design, analytics, cybersecurity, and coding Bootcamp. The DevMountain brand specializes in accessibility and inclusion for all and we offer challenging, focused training designed to equip students with the skills to start their journey toward a meaningful career in tech. We were founded in 2013 and since then have had over 3,700 people graduate. Our graduation rate is approximately 85%.

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4
Q

What skills building do we offer?

A

Capella Applied Leadership Series, Skills Pathway and Welch way

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5
Q

What is Sophia?

A

60- plus, general education courses to prepare for undergrad degree, transferable

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6
Q

Our universities

A

Capella, Strayer, JackWelch

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7
Q

My Elevator Sales Pitch

A

I’m from Strategic Education

We’re experts in helping companies solve their education and training challenges and manage their education spend more efficiently.

We draw from (and own!) some of the best and brightest names in the education space to deliver high-impact, high-value solutions to attract, engage, and retain employees. We also work to remove cost barriers to education to help you build an inclusive and resilient workforce.

We are an education organization that specializes in employer partnerships designated to expand access, choice, and affordability to busy, working adults.

Education and training are powerful tools to advance in life and a career, but many people face barriers to attaining them.

We partner with employers to provide highly sought-after HR benefits with our education products. We partner with over 1,300 employers.

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8
Q

What/who is SEI?

A

leading the charge for modern, future-proof learning. 130 plus years of experience, 1,300 plus employer partnerships, 100K plus students

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9
Q

What we believe.

A

Education drives economic mobility.

We create innovative, career-relevant learning experiences that prepare our learners for the workforce – today and in the future.

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10
Q

Biggest workforce challenges?

A

A competitive yet uncertain labor market - Data shows that as of May 2023, there are9.9 million job openings in the U.S*

A changing workplace – 78% of workers feel they lack the skills, and 71% are worried about their education holding them back from getting ahead. Furthermore, 70% of respondents expressed feeling unprepared for the evolving workplace.**

DEI Priorities - While 64% of organizations say DEI is important, 62% devote little to no resources to it.***

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11
Q

Healthcare workforce challenges?

A

Accelerating demand for care: aging population, rising disease burden, exacerbated chronic conditions, and worsening mental health.

Job vacancies and resignations continue to be a challenge.
A shrinking skilled workforce -

More than 80% of executives say talent acquisition and retention is the biggest risk to healthcare companies.*

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12
Q

What are some goals of employees?

A

A ladder to climb - employeedevelopment is keyfor attracting talent. Nearly 90% of respondentssaid strongskills development programs (87%), ample career advancement opportunities (88%), and paths todifferent career tracks (87%) were important when considering a new job.*

A reason to be loyal - 9 in 10 workers(91%) rate workplace learning as important, with 58% claiming that workplace learning is very important.**

A place to grow - In a 2022 McKinsey survey of frontline employees, the majority of respondents agree that job growth (79%), learning opportunities (75%) and an aligned skill set (75%) are all important aspects of career advancement.***

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13
Q

How does skill building build value for employers?

A

Attract and compete for talent - Upward economic mobility for employees is a critical building block of an inclusive and resilient workforce.

Retain top talent - 76% of employees say they are more likely to stay with a company that offers continuous training.*

Upskill and reskill employees - Globally, six in 10 workers will require training before 2027, but only half of workers are seen to have access to adequate training opportunities today.**

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14
Q

How is our partnership powerful?

A

We partner with employers to create tailored workforce solutions to tackle evolving skill gaps and help drive employee career growth. From our wholly owned tuition assistance platform to accredited degrees, non-degree skill pathways, coding schools and more.
We help to create a dynamic learning environment where every role has the potential to evolve and every learned skill opens new doors.

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15
Q

What three key challenges do we try to solve for?

A

Recruitment & Retention, upskilling & reskilling and career mobility

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16
Q

How do we streamline benefit management for employers?

A

Track your employees’ progress including enrollment status, course details, budget and more.

Save time and administrative resources through automated processesand optimized workflows.

Generate and share custom reports via Excel or PDFs with one click.
Get end-to-end support from your dedicated account manager.

17
Q

How do we streamline benefit management for employees?

A

Manage benefit dollars with a single access point.
Access an exclusive network including discounted and tuition-covered programs.

Upload course and payment documentation for reimbursement, seamlessly.

Receive personalized support from expert advisors.

18
Q

What are the tax benefits for an employer?

A

Corporate income tax savings:
$5,250 x 27% (21% federal + 6% state) = $1,417.50

Payroll tax savings:
$5,250 x 8.25% = $433.13

Business expense deduction:
Deduct $5,250 as a qualified business expense on income tax return.
Employers do not include this amount as taxable income.