Lifelong Learning Accounts (LiLAs)

Did you know...that by 2010, an estimated 80 percent of all American jobs will require skill levels beyond those gained in high school? As this technology and information-driven economy continues to grow, workers will need advanced education and training to land and keep good paying, non-exportable jobs.

Lifelong Learning. Don't just think about it—live it!

Governor Blunt proclaimed February as Lifelong Learning month; yet every month is a "lifelong learning month" for today's knowledge-based workers. It's important to take time to plan and make decisions that lead to learning new skills and acquiring knowledge to achieve potential now and throughout your life. It's been said that we are moving from "lifelong employment" to "lifelong employability." If that is the case, then knowledge is the currency of success.

Organizations in the United States are finding themselves ill-equipped to compete in the 21^st-century economy. Consider these facts:

• 70 percent of high school students graduate.
• Only 32 percent leave high school qualified to attend a four-year college.
• More than 90 percent of the fastest-growing jobs in the U.S. require at least some postsecondary education; 63 percent require a college degree.
• Approximately 30 percent of the U.S. population possesses a college degree.
• Nearly 40 percent of America's workforce (baby boomers) will be eligible for retirement by 2010.
• The U.S. could face a shortage of 14 million workers with at least some college experience by 2020.

The skills shortage is one of America's greatest challenges. To remain competitive, lifelong learning needs to be a priority—for everyone, regardless of age or position. The strength of our community and our nation depends on it.

What is a Lifelong Learning Account?

A Lifelong Learning Account (LiLA) is an innovative tool for employers and employees to address education and training needs in an affordable manner. In a LiLA program, employers match employee contributions (to a pre-determined cap) to create a special account for education and training purposes. In some cases there is also a third-party match. The combined LiLA funds are used to pay for a broad range of education and training activities.

Research shows that workers who receive training and education are more productive and better satisfied with their jobs. More importantly, employees stay with a company when they know they are valued. Lifelong Learning Accounts are an affordable way to help employees achieve their potential and assist employers in meeting the competitive challenges of the future. LiLAs are a win-win for employers, employees...and the community.

The Kansas City region is one of eight LiLA demonstration sites. You can become a LiLA employer beginning in April 2008. For more information on Lifelong Learning and where it will lead you and your company contact Suzy Makalous, Director of Lifelong Learning.