Those looking to add a degree in education to their resume know that often times the job does not offer the financial benefits as other occupations. Now, hoping to attract and retain "highly effective" teachers, New York City Mayor Michael Bloomberg said the city will offer educators new monetary incentives and open 100 new schools. In his recent annual State of the City speech, Bloomberg outlined a 2-year strategy he said would focus on higher graduation rates and few dropouts by encouraging the brightest to seek future teaching jobs, according to Bloomberg Businessweek. Bloomberg said the city will offer $25,000 grants to help pay off college loans for those who graduate at the top of their class and commit to work at city schools for a certain number of years, as well as institute an evaluation system that rewarded the most effective teachers. "We need to be able to identify those ineffective teachers and give them the support they need to grow." Bloomberg stated. "And if that doesn’t work, we need to be able move them out." The Bureau of Labor Statistics reports that job opportunities for teachers are expected to grow by 13% through 2018. |