USING LMI DATA TO INFORM STRATEGY

Transcription

1 USING LMI DATA TO INFORM STRATEGY

2 HOW DID WE START? C a r e e r S o u r c e C e n t r a l F l o r i d a Th r e e Ye a r An a l y s i s Analyzed Labor Market Information Industry & Occupation Growth, Job Openings Training Programs Training Offered by CSCF, Participant Completion & Employment Outcomes Average Costs of Training Learned Trained Career Seekers Were Gaining Employment but Not Necessarily Related to the Training Limited Alignment of Trained Talent Ready to Meet Industry Needs No Method of Tracking Financial Investment to Understand Impact

3 CSCF STRATEGIC PRIORITY $10.3M Investment In Training Services; 2,000 Career Seekers Employed in HGIs at an Average Wage of $15/hr. $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $ $2.5M $1.3M $2.9M $2.5M IMPACT MODEL $1.325M Construction Healthcare Advanced Manufacturing 25 0 $1.725M $1.725M $1.325M $1.325M $1.325M IT/Finance Hospitality Trade, Logistics, Utilities Previous Annual Goal Adjusted Training Investment Model Approved By Board, December 2018

4 LABOR MARKET INFORMATION TO INFORM STRATEGY Created a Scorecard to Communicate, Track and Manage Strategic Priorities Aligned Business Outreach Strategies to the High Growth Industries; Resulting In New Industry Mix Engaged High Growth Industry Leaders and Businesses to Identify New Talent Development Strategies Utilized State Skills Gap Report to Support Discussion with Industry Leaders

5 Number of Jobs Percent of Growth INDUSTRY GROWTH: W h e r e Ar e W e G o i n g? 30,000 25,000 20,000 15,000 10,000 5, % 20% 15% 10% 5% 0% Current High Growth Industries Will Continue to Grow in Orlando, The Villages MSAs Greatest Growth Projected in Construction (21%) & Healthcare (20%) Smallest Gains in Utilities (3%) Change % Change Source: EMSI, FL Department of Economic Opportunity

6 OCCUPATIONAL GROWTH: W h e r e Ar e W e G o i n g? Description 2018 Jobs 2026 Jobs % Median Hourly Avg. Hourly Change Earnings Earnings Healthcare Support Occupations 32,800 39,536 21% $13.40 $14.84 Construction and Extraction Occupations 66,544 79,512 19% $16.59 $18.37 Computer and Mathematical Occupations 34,040 40,643 19% $35.44 $37.80 Healthcare Practitioners and Technical Occupations 67,491 80,296 19% $28.74 $37.33 Education, Training, and Library Occupations 61,408 72,910 19% $20.71 $23.15 Architecture and Engineering Occupations 17,234 20,115 17% $32.49 $36.11 Community and Social Service Occupations 17,806 20,712 16% $18.79 $20.07 Management Occupations 59,375 68,812 16% $41.86 $49.93 Business and Financial Operations Occupations 70,479 80,810 15% $28.32 $32.53 Personal Care and Service Occupations 57,816 66,224 15% $10.74 $12.13 Food Preparation and Serving Related Occupations 159, ,013 14% $10.49 $12.90 Transportation and Material Moving Occupations 85,450 97,003 14% $14.01 $17.23 Protective Service Occupations 33,397 37,421 12% $15.07 $17.70 Building and Grounds Cleaning and Maintenance Occupations 72,717 81,434 12% $11.23 $12.04 Installation, Maintenance, and Repair Occupations 52,369 58,542 12% $18.29 $20.32 *Bold indicates current occupations CSCF provides training All Occupations Projected to Grow By 13% Top 15 Occupational Groups Align High Growth Industries Overall Average Hourly Wage of All Occupations $20.97 Source: EMSI, FL Department of Economic Opportunity

7 MOVING FORWARD S t r a t e g y CONTINUE ENHANCEMENTS Investment Strategy to Target High Growth Industries Analyzing Board Strategic Goals, Economic and Labor Market Trends Develop New Action Plans for Talent Development Intentionally Create Strategies for Staff to Cultivate Middle Career Focus Set Targets for Business Engagement and Services Develop Additional Key Performance Metrics to Monitor Placement Timeframe (Training Completed to Gaining Employment)

8 New Data for Measuring Non- Degree, Professional Credentials Jaleel Reed Center for Regional Economic Competitiveness LMI Institute Arlington, VA 8

9 LMI Institute: About Us A resource for supporting the development, interpretation, and use of labor market information Providing support and promoting the production and use of high-quality workforce and employment information Membership organization 9

10 Context Pilot project, 2015 estimates for California Compare to U.S. Averages Estimates for all 50 states, plus D.C. Annual monthly average, pooled over three years ( ) Demographics (race, sex, educational attainment) Industry and occupational groups Prevalence, employment rates, wages 10

11 History Interagency Working Group on Expanded Measures of Enrollment and Attainment (GEMEnA) Formed 2009, continued to 2016 Developed questions to better understand the landscape and labor market impact of nondegree credentials Proposed questions to BLS Technical Advisory Committee Added questions to Current Population Survey -- Monthly National Survey ~60,000 households 11

12 What would we like to know? What proportion of workers hold a certification or license? Are professional credentials concentrated in particular industries and occupations? How are labor market outcomes (employment, earnings) impacted by credentials? 12

13 Value of Credential Data Understand training needs and areas for curriculum improvement Learn current occupational supply Career planning & preparation Improve targeted outreach efforts to partners 13

14 The Data 12 tables Table 1. Certification and licensing status of the civilian non-institutional population Table 2. Employment status of the civilian non-institutional population by certification and licensing status and selected characteristics Table 3. Certification and licensing status of employed persons 16 years and over by selected characteristics Table 4. Certification and licensing status of the employed by industry and class of worker Table 5. Certification and licensing status of the employed by occupation Table 6. Median weekly earnings of full-time wage and salary workers by certification and licensing status and selected characteristics Table 7. Median weekly earnings of full-time wage and salary workers by certification and licensing status and occupation Table 8. Unemployment rates and median weekly earnings by occupational groups, educational attainment and certification and licensing status Table 9. Unemployment Rates and Median Weekly Earnings by Age Group, Educational Attainment and Certification and Licensing Status Table 10. Unemployment Rates and Median Weekly Earnings by Race and Hispanic Origin, Educational Attainment and Certification and Licensing Status Table 11. Unemployment Rates and Median Weekly Earnings by Sex and Educational Attainment Table 12. Median weekly earnings of full-time wage and salary workers by certification and licensing status and major industry 14

15 The Data Cont 15

16 State Summary Results Certification/ Licensure Rates by Occupation Group,

17 State Summary Results Figure 2: Certification/licensure rates by major Industry Sector, California and the U.S., 2015 annual averages. Source: Bureau of Labor Statistics. Certification/ Licensure Rates by Industry Sector,

18 State Summary Results 18

19 State Summary Results 19

20 Benchmarking Possible to use CPS data to measure attainment of program goals Could be broken down by subpopulations of interest, given sample limitations 20

21 Accessing the State Certifications and Licenses Data Tables The state tables are available to LMI Institute Members at the following levels: Research Professional Members: Access to the national data file Organizational Members: Access to the national data file and the file for their local state Premium Organizational Members: Access to the national data file, as well as all 50 individual state files More information about membership can be found here ( 21

22 Thank you! Questions? Program Manager Jaleel Reed x

23 Using Certifications and Licenses Data to Inform Decision-Making 23

24 Certifications and Labor Market Status. 24

25 Data Tool. 25

26 Certifications by Industry. 26

27 Occupational Licensing Source: Current Population Survey, calculations by The Council for Community and Economic Research. 27

28 Licensed Workers Have Better Labor Market Outcomes Source: Current Population Survey, calculations by The Council for Community and Economic Research. 28

29 First- and Fifth-Year Median Wages by Credential Level and System Source: Florida Department of Economic Opportunity, Economic Security Report

30 Source: Skills Gap and Job Vacancy Survey, Florida Department of Economic Opportunity, Bureau of Labor Market Statistics 30

31 Job Vacancies by Industry and Occupation 31

32 Vacancy Characteristics - Statewide Employers were asked to provide detailed requirements for each job vacancy. 32

33 Skills Gap and Job Vacancy Survey Source: Skills Gap and Job Vacancy Survey, Florida Department of Economic Opportunity, Bureau of Labor Market Statistics 33

34 Skills Gap and Job Vacancy Survey 34

35 Skills Gap and Job Vacancy Survey 35

36 Contact Information Thank You. If you have questions or comments about this presentation or need to discuss a future project; please contact Adrienne Johnston. Adrienne.Johnston@deo.myflorida.com Visit: floridajobs.org/workforce-statistics DEO Bureau of Workforce Statistics and Economic Research Adrienne Johnston: