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USING LMI DATA TO INFORM STRATEGY

USING LMI DATA TO INFORM STRATEGY · 2019. 3. 24. · USING LMI DATA TO INFORM STRATEGY. ... Development • Intentionally Create Strategies for Staff to Cultivate Middle Career Focus

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USING LMI DATA TO INFORM STRATEGY

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

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 ys i s

CSCF STRATEGIC PRIORITY

30

0

50

0

50

0

57

025

0

25

0

25

0

25

0

31

5

31

5

25

0

25

0

✓ $10.3M Investment In Training Services; 2,000 Career Seekers Employed in HGIs at an Average Wage of $15/hr.

$2.5M $2.5M

$1.325M $1.325M $1.325M$1.3M

$2.9M

$1.325M

$1.725M $1.725M

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

Construction Healthcare AdvancedManufacturing

IT/Finance Hospitality Trade, Logistics,Utilities

Previous Annual Goal

30

0

50

0

50

0

57

025

0

25

0

25

0

25

0

31

5

31

5

25

0

25

0

IMPACT MODEL

Adjusted Training Investment Model Approved By Board, December 2018

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

• 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%)

INDUSTRY GROWTH: 2018 – 2026

0%

5%

10%

15%

20%

25%

0

5,000

10,000

15,000

20,000

25,000

30,000

Per

cen

t o

f G

row

th

Nu

mb

er o

f Jo

bs

2018 - 2026 Change 2018 - 2026 % Change

Source: EMSI, FL Department of Economic Opportunity

W h e r e Ar e We G o i n g ?

• All Occupations Projected to Grow By 13%

• Top 15 Occupational Groups Align High Growth Industries

• Overall Average Hourly Wage of All Occupations $20.97

OCCUPATIONAL GROWTH: 2018-2026

Description 2018 Jobs 2026 Jobs2018 - 2026 %

Change

Median Hourly

Earnings

Avg. Hourly

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

Occupations67,491 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

Occupations70,479 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

Occupations159,623 182,013 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 Occupations72,717 81,434 12% $11.23 $12.04

Installation, Maintenance, and Repair

Occupations52,369 58,542 12% $18.29 $20.32

*Bold indicates current occupations CSCF

provides training

W h e r e Ar e We G o i n g ?

Source: EMSI, FL Department of Economic Opportunity

MOVING FORWARD

CONTINUE

• Investment Strategy to Target High Growth Industries

• Analyzing Board Strategic Goals, Economic and Labor Market Trends

2 0 1 9 - 2 0 2 0 S t r a t e g y

ENHANCEMENTS

• 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)

New Data for Measuring Non-Degree, Professional Credentials

Jaleel Reed

Center for Regional Economic Competitiveness

LMI Institute

Arlington, VA

8

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

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 (2016-19)

• Demographics (race, sex, educational attainment)

• Industry and occupational groups

• Prevalence, employment rates, wages

10

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

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

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

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

The Data Cont

15

State Summary Results

Certification/Licensure Rates by Occupation Group,2015

16

State Summary ResultsFigure 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,2015

17

State Summary Results

18

State Summary Results

19

Benchmarking

• Possible to use CPS data to measure attainment of program goals

• Could be broken down by sub-populations of interest, given sample limitations

20

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 (http://www.lmiontheweb.org/WhatWeDo/state-certs-and-licenses/)

21

Thank you!

Questions?

Program Manager

Jaleel Reed

[email protected]

703.522.4980 x2002

22

Using Certifications and Licenses Data to Inform Decision-Making

23

.

Certifications and Labor Market Status

24

.

25

Data Tool

.

Certifications by Industry

26

27

Occupational Licensing

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

28

Licensed Workers Have Better Labor Market Outcomes

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

First- and Fifth-Year Median Wages by Credential

Level and System

Source: Florida Department of Economic Opportunity, Economic Security Report 2018.

29

30

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

http://lmsresources.labormarketinfo.com/skills_gap

Job Vacancies by Industry and Occupation

31

Vacancy Characteristics - Statewide

32

Employers were asked to provide detailed

requirements for each job vacancy.

Skills Gap and Job Vacancy Survey

33

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

Skills Gap and Job Vacancy Survey

34

Skills Gap and Job Vacancy Survey

35

Thank You.

Contact Information

DEO Bureau of Workforce Statistics and Economic Research

Adrienne Johnston: 850-245-7257

If you have questions or comments about this presentation or need to

discuss a future project; please contact Adrienne Johnston.

[email protected]

Visit: floridajobs.org/workforce-statistics

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