Q&A

 

Assumptions

It’s not uncommon to hear that the growth in student loan debt is a financial time bomb threatening to blow up the U.S. economy.

 

                • The outstanding balance of the nation’s student loans is growing by an estimated $2,853.88 every second according to the clock . As policymakers and pundits debate ways to tackle Americans’ $1.762 Trillion in student loan debt, this student-loan debt clock provides a window into the growing risks to the economy as well as to student loan borrowers and their families.  Currently, there’s about $1.762 trillion in outstanding student loan debt in the US, which is equivalent to about 7.2% of the US gross domestic product. Student Loan Debt Forgiveness is just one of a number of Family Transporter incentives.

Questions & Answers!

What is a good question? | Dragonfly Training

  1. What is the looming “Domino Effect” if this is not corrected?   The commercial driver is the “Lynch Pin” holding together every supply chain in the world including transportation of special needs students. This is not an isolated issue by company, but a national issue across all industries. The interdependency of the commercial driver, and those supply chains they work within, is not totally understood. The associated tangible, and intangible safety & security risks resulting from a rapidly diminishing supply of commercial drivers is neither fully appreciated, nor has it been quantified. The vulnerability of the U.S. economy increases each day this issue is not adequately addressed. This is aside from the impact to those dependent on commercial transportation for their special needs family members.

2. What is the market need for this project and why is it not being addressed in the private sector?The Sustainable Development Goals: Our Framework for COVID-19 Recovery -  United Nations Sustainable Development

  • Market need is growing due to post pandemic growing economy, increasing commerce utilizing the internet, and decreasing supply of commercial drivers for all industries.
  • Demand is not being met by private industry due to inadequate incentives including pay, and benefits for drivers, and insurance constraints on hiring firms.
  •  It is a job that is not of interest to college bound/graduates nor for most millennial as a career of pursuit. A millennial is more likely to become a Starbucks Barista versus drive commercially.

3. What are the services that will be offered to meet this need? What are the education and workforce development objectives of the project?Deloitte's innovation framework | Download Scientific Diagram

  • Creation of a model that creates an educational incentive to become a Commercial Driver as a 21st century career.
    • Establish a mentorship program with the Commercial Company employing the driver candidate to align education being taken by candidate with business requirements of “potential” employees being hired across the entire enterprise.
  • Effort would establish the Role of The Commercial Driver as the “Stepping Stone” for millennial seeking a “21st Century Career” within any industry dependent on commercial transportation.
    • Those drivers that do not want an education for themselves, can opt for a scholarship to be provided a family member (e.g. child, grandchild etc..) as a Gift/Legacy/Endowment. A driver can also opt to have their existing student loan debt paid off in addition to a scholarship.

4. Who are the major partners in the project and what role will each partner play?Project Development under Public Private Partnership - ppt video online  download

  • Family Transporter is a private public partnership (P3) of families, school districts, corporate, academia, government to align existing programs, while seeking out new ones.
    • Families require reliable, consistent professional transportation of their loved ones.
      • Drivers are the first and the last to see the children. Drivers understand the “Family Dynamics”, and are usually aware of daily challenges the child/family face easily impacting the child’s demeanor/attitude.
      • The driver becomes a necessary “Constant”  in a child’s life at a time when uncertainty can create chaos, and undue toll on the family.
      • Transportation requirements of child/family require accountability, and certainty that is provided by special needs drivers.
      • Drives become an integral link in the child/family “Quality of Life”.
    • School Districts require transportation that is accountable, consistent, and resilient (e.g. No Surprises).
    • Corporate needs stability within their workforce of drivers that can be addressed by following
      • Education incentive to attract driver candidates,Employee Incentive Programs For Truckers
      • Re-Branding of 21st Century  Driving Career to instill a warranted level of recognition/dignity
      • Companies providing mentorship of candidates seeking a career within the corporation/industry through their becoming a commercial driver,
      • Greater alignment with existing corporate benefit offerings,
      • Coordinated Outreach, and Marketing efforts.
    • Academia (e.g. High Schools, Community Colleges, Universities, and Trade/Technical schools) will be identified for  required course work, and curriculum development including:

      • Articulation strategy and expertise to seamlessly connect high schools, community colleges and universities,

      • Technology requirements,

      • Existing education subsidies to be leveraged,

      • Coordinated Outreach, and Marketing efforts.

    • Government (e.g. Local/State/Federal) participation including
      • Expertise and contacts within the State University, and Community College system nationally,P3 Toolkit - Project Financing Guidebook Dec 28, 2016
      • Workforce Development Grants/Other Funding Sources,
      • Employment Training Administration, Workforce Investment Boards,
      • Department of Transportation safety, and security initiatives,
      • Department of Homeland Security/Safety/Security initiatives…….,
      • Coordinated Outreach, and marketing efforts.

5. What are the Perceived Benefits?Top 10 Future HR Trends 2022 - Empxtrack

    • Increase of driver resources specific to Special Needs School Bus drivers will address daily quality of life challenges these families face, and exposure created from high driver turnover.
    • Immediate hiring of job candidates for Tens of Thousands existing “Permanent” jobs.
    •  
    • Regional economic development created from collateral needs related to commercial driver training locations.
    • Increase of driver resources will enhance Safety, and Security as a result of ground transportation stabilization.How the Trucker Shortage Could Impact the Economy – SmartWay Transportation
    • Addressing the driver shortage will have a nationwide impact on consumer prices as labor costs rise. This initiative will help mitigate that issue.
    • This will best address forecasted cross the board impacts directly tied to transportation, and the result of driver supply shrinkage.
      • Goodwill & National Visibility as “21st Century Game Changer” fostering  attainable Education through a Career as a Commercial Driver.

        • Hope/Legacy/EndowmentLegacy Builders - Inheritance of Hope

          • A means for a driver to provide a Gift of Education & Hope to a family member that otherwise might never be able to obtain one.
        • Provide an opportunity for Intragenerational Mobility to those workers who come from families where Generational Poverty is the norm.Social Mobility Definition and Types: Intragenerational vs.  Intergenerational & Vertical vs. Horizontal - Video & Lesson Transcript |  Study.com

          Family Transporter is developing enticements beyond wage hikes, which appear to be just one factor for drivers considering where to work. “To promote work and life integration … Our aim is to empower and prioritize our drivers by offering them flexible, innovative policies to make their lives extraordinary.”

          • Potential revenue/benefit impact.
            • Commercial Driver retention due to required job commitment to obtain the benefit of student loan forgiveness, and scholarship. Elimination of overhead costs tied to recruiting through creation of sustainable Commercial Driver candidate feeder system.Recruitment vs Talent Acquisition | Difference | Which Component is Best ?
            • Corporate mentoring program insuring alignment of the college degree/education, and career goals of driver candidate. The mentorship program to include continuous monitoring/feedback to all involved driver candidates, hiring corporations, schools, and involved government entities.
            • Tying corporate mentorship program to other career development initiatives, including those directly applicable to filling other hard to fill corporate, and government positions.Latest HR News - Flex HR Inc, is making news in Johns Creek and Atlanta
            • Disruptive Innovations that have the greatest impact on quality of life, community, and the nation via a more collaborative approach tied to corporate social responsibility (e.g. environmental sustainability).
            • Creation of  workforce readily adaptable to change through piloting on-demand workforce reengineering in anticipation of latest disruptive innovation.
            • Develop Curriculum for “Tomorrow’s” workforce within a community based “Silicon Valley Like Tech Scene”. This includes AI–enabled microlearning solutions. A single integrated platform working across multiple vendor platforms encompassing simulation for training with rich extended reality capabilities, and tools for designing learning and development programs.