Inflection Point: Supply, demand and the future of work in the Pittsburgh region

Transcription

1 Inflection Point: Supply, demand and the future of work in the Pittsburgh region

2 How this report is different First of its kind analysis of region s workforce needs Traditional Labor Market Supply and Demand Quantitative Qualitative Real-Time Labor Market Data Qualitative Focus Groups Occupation-focused vs. Industry-focused 2 Inflection Point: Supply, Demand and the Future of Work in the Pittsburgh Region Copyright 2016 Allegheny Conference. All rights reserved.

3 Key occupational clusters and industry sectors Information Technology Business and Finance Engineering, Science and Production Healthcare Construction Energy Retail And Hospitality 3 Inflection Point: Supply, Demand and the Future of Work in the Pittsburgh Region Copyright 2016 Allegheny Conference. All rights reserved. 3

4 Workforce openings ahead Workforce openings Baby Boomer retirements 29,000/year 290,000 Job growth 5,000/year 50,000 Total 340,000 Pipeline 26,000/year 260,000 Potential shortfall 80,000 4 Inflection Point: Supply, Demand and the Future of Work in the Pittsburgh Region Copyright 2016 Allegheny Conference. All rights reserved.

5 Workforce Shortage Ahead Workforce openings Baby Boomer retirements 29,000/year 290,000 Job growth 5,000/year 50,000 Total 340,000 Pipeline 26,000/year 260,000 Potential shortfall 80,000 5 Inflection Point: Supply, Demand and the Future of Work in the Pittsburgh Region Copyright 2016 Allegheny Conference. All rights reserved.

6 Analysis of retention of college graduates 40,000+ grads per year from 61 higher ed. institutions 43% of four-year grads stay in region 62% of two-year grads stay in region 6 Inflection Point: Supply, Demand and the Future of Work in the Pittsburgh Region Copyright 2016 Allegheny Conference. All rights reserved. 6

7 Key Findings 7 Inflection Point: Supply, Demand and the Future of Work in the Pittsburgh Region Copyright 2016 Allegheny Conference. All rights reserved.

8 Key skills and competencies across all sectors Technology minded Soft skills Leadership growth Agile/nimble 8 Inflection Point: Supply, Demand and the Future of Work in the Pittsburgh Region Copyright 2016 Allegheny Conference. All rights reserved.

9 Top Baseline and Specialized Skills, Overall 0 10,000 20,000 30,000 40,000 50,000 60,000 Communication Skills 50,718 Writing Customer Service Problem Solving Organizational Skills Microsoft Excel Detail-Oriented Team-Work/Collaboration Planning Microsoft Office 28,760 28,381 22,812 20,673 19,166 16,924 16,847 16,697 16,452 Number of Job Postings 9 Inflection Point: Supply, Demand and the Future of Work in the Pittsburgh Region Copyright 2016 Allegheny Conference. All rights reserved. 9

10 Top Baseline and Specialized Skills, Information Technology 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 Communication Skills 6,590 SQL Writing Problem Solving Troubleshooting Software Development Project Management 4,982 4,711 4,467 4,235 4,033 3,996 JAVA Oracle Technical Support 3,211 3,178 3,159 Number of Job Postings 10 Inflection Point: Supply, Demand and the Future of Work in the Pittsburgh Region Copyright 2016 Allegheny Conference. All rights reserved. 10

11 Fastest growing sub-baccalaureate occupations Occupation Growth Rate Physical Therapist Assistants 31% Occupational Therapy Assistants 30% Diagnostic Medical Sonographers 21% Electrical Power-Line Installers & Repairers 20% Industrial Machinery Mechanics 20% Cardiovascular Technologists & Technicians 19% Emergency Medical Technicians & Paramedics 16% Computer-Controlled Machine Tool Operators 16% Medical Secretaries 15% Licensed Practical & Licensed Vocational Nurses 15% 11 Inflection Point: Supply, Demand and the Future of Work in the Pittsburgh Region Copyright 2016 Allegheny Conference. All rights reserved. 11

12 Fastest growing bachelor's-level occupations Occupation Growth Rate Speech-Language Pathologists 28% Personal Financial Advisors 23% Operations Research Analysts 21% Diagnostic Medical Sonographers 21% Physical Therapists 21% Information Security Analysts 20% Occupational Therapists 20% Computer Systems Analysts 19% Healthcare Social Workers 18% Market Research Analysts & Marketing Specialists 15% 12 Inflection Point: Supply, Demand and the Future of Work in the Pittsburgh Region Copyright 2016 Allegheny Conference. All rights reserved. 12

13 Supply and Demand of IT Workers 13 Inflection Point: Supply, Demand and the Future of Work in the Pittsburgh Region Copyright 2016 Allegheny Conference. All rights reserved.

14 Supply and Demand of Business Finance Workers 14 Inflection Point: Supply, Demand and the Future of Work in the Pittsburgh Region Copyright 2016 Allegheny Conference. All rights reserved.

15 Supply and Demand of Engineering Workers 15 Inflection Point: Supply, Demand and the Future of Work in the Pittsburgh Region Copyright 2016 Allegheny Conference. All rights reserved.

16 How do we address this shortage and transformation Bridge Create sustainable cross-industry bridge to align employer needs with education/training Identify viable employer-educator partnerships to share and scale Elevate Create clear pathways to upward mobility and high-priority occupations Retain Engage employers, post-secondary institutions and students in the employment opportunity in this region. Attract Connect established employers and startup community Well-funded marketing and awareness effort to attract talent for highdemand occupations, e.g. IT 16 Inflection Point: Supply, Demand and the Future of Work in the Pittsburgh Region Copyright 2016 Allegheny Conference. All rights reserved. 16

17 Regional Assets Balanced economy that maps to areas of growth opportunity Engaged CEOs World-class higher education institutions Culture of collaboration 17 Inflection Point: Supply, Demand and the Future of Work in the Pittsburgh Region Copyright 2016 Allegheny Conference. All rights reserved. 17