Hart Nelson Associate Vice Chancellor for Workforce Solutions St. - - PDF document
1 Hart Nelson Associate Vice Chancellor for Workforce Solutions St. Louis Community College stlcc.edu/STLworkforce 2 2 Research Overview Survey Background 2018 St. Louis Survey Map General General Business Business 2015 2017 2014
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Hart Nelson
Associate Vice Chancellor for Workforce Solutions
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stlcc.edu/STLworkforce
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2014 2015 2016 2018
STEM Health Care, Manufacturing, & Transportation and Logistics Health Care, Finance, & Technology General Business
2017
General Business
2018 St. Louis
Survey Map
Survey Background
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STL Metro
2008Q1 to 2017Q1, Quarterly Workforce Indicators, U.S. Census
Large St. Louis Employers
Health Care: 165,000 Technology: 140,000 Financial: 70,000
21.2K Jobs
10.2K Jobs
2.7K Jobs
Finance Technology Health Care Higher-Skill Issues
Good Pay & Economic Benefits Tight Labor Supply Issues
Long-Term Job Growth
Growing faster than overall jobs, especially Health Care
Today’s Economy
Recent Labor Trends and Employment Barriers
Finding the Right People
What jobs and skills are in-demand
Job Applicants & Skilling Up
Applicant shortcomings & company measures
College Response
How STLCC is using this data
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National Job Openings Rate Surpasses Unemployment Rate
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January 2008 – April 2018. U.S. Bureau of Labor Statistics
Midwest Job Openings Outpacing Hires
8 January 2007 – May 2018. U.S. Bureau of Labor Statistics, JOLTS
Hires Openings
200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000
Jan 2007 Jul 2007 Jan 2008 Jul 2008 Jan 2009 Jul 2009 Jan 2010 Jul 2010 Jan 2011 Jul 2011 Jan 2012 Jul 2012 Jan 2013 Jul 2013 Jan 2014 Jul 2014 Jan 2015 Jul 2015 Jan 2016 Jul 2016 Jan 2017 Jul 2017 Jan 2018
Midwest Job Openings vs. Job Hires
Seasonally adjusted figures, 3-Month Moving Average
12 Midwest states: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. BLS JOLTS survey
RECESSION
Gap grows since 2016
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9 Sources: BEA, BLS, Census
In 2017:
22% are 55+
(17% in 2007)
Large, Diverse Economy
22nd Largest Metro Economy ($160B GDP), slightly smaller than Charlotte Advantages: Cost of Living + Higher Education + Central Location Largest Job Sectors: Health Care, Wholesale/Retail, Leisure/Hospitality
Tight Labor Market
Unemployment Rate: 3.4% Very Slow Population Growth Aging Workforce
Past Year St. Louis Employment Levels
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Target Sectors have More Job Movement in Positive & Negative directions
6 More Dynamic: Greater Percent Plan on Increasing and Decreasing Employment
Future St. Louis Employment Plans
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Potential Barriers to Expanding Employment
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4th Year Top Concern: Shortage of Knowledge/Skill Workers
Do Certification/Licensing reduce top concern but boost Available Training response?
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Importance of Barriers to Expanding Employment
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Technology Finance Health Care
Technology
50% Plan to Expand 11% Plan to Contract
Finance
39% Plan to Expand 13% Plan to Contract
Health Care
54% Plan to Expand 11% Plan to Contract
Continuing tight labor market & slow population growth an economic concern Shortage of Skill Workers: 4th Year as Top Barrier Good Outlook: 48% of Targets plan expansion vs. 42% in 2017 but more volatile
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Today’s Economy
Recent Labor Trends and Employment Barriers
Finding the Right People
What jobs and skills are in-demand
Job Applicants & Skilling Up
Applicant shortcomings & company measures
College Response
How STLCC is using this data
Staff Employment by General Functional Areas
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Targets More Concentrated in Analytical Fields
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Technology
Software Development Cybersecurity Web Development
Finance
Financial Advisement Commercial/Residential Lending
Health Care
Diagnostic Services Patient Care Therapeutic Care
18 Burning Glass Job Ads for top job ads over year ending May 2018.
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Burning Glass Job Ads for top job ads over year ending May 2018. 19
Health Care Finance & Business Management Technology
Software Developers Computer System Analyst Computer User Support Accountants General Managers Management Analyst Accounting Clerks Medical Service Managers Registered Nurses Nursing Assistants Personal Care Aides
Top Certificates IT Infrastructure Library (ITIL) Cert. CompTIA Security+ Certified Information Systems Security Series 7 Financial Securities Insurance License Certified Public Accountant (CPA) Registered Nurse Advanced Cardiac Life Support First Aid CPR AED
45 Percent of Firms Experiencing Skilled Applicant Shortage
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versus 31% of 2017 Businesses
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Skill Shortages are in Higher Skilled Jobs for Targeted Sectors
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…But Skill Level Shortages Differ Greatly by Targeted Sectors
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Technology Effective Rate Shortages in Functional Areas
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Finance Effective Rate Shortages in Functional Areas
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Health Care Effective Rate Shortages in Functional Areas
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Target Sectors more analytical but share common business functions Communication, Teamwork, and Customer Service are top skills Jobs require more Certifications and Licensing in Target Sectors
Finance Health Care Technology
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Today’s Economy
Recent Labor Trends and Employment Barriers
Finding the Right People
What jobs and skills are in-demand
Job Applicants & Skilling Up
Applicant shortcomings & company measures
College Response
How STLCC is using this data
Shortcomings of Job Applicants
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Methods to Address Need for New or Increased Skills
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Health Care
75%
Health Care
57%
Last Year’s All Business Survey
81% 40% 20% 19% 4% 20%
Measures Taken to Address Applicant Skill Shortages
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Interesting distinctions for Target Sectors
42% of Technology companies take no action
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Entry-Level Opportunities Exist in all Target Sectors
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Entry-Level Jobs Sales Representatives Customer Service Reps
Office Clerks Personal Care Aides
Health Care Finance Technology
Same soft skill but less hard skill shortcomings: certifications/license impact? Less overall shortcomings reported: higher skilled applicants? On-the-job training still top for addressing skills but lower level overall
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Today’s Economy
Recent Labor Trends and Employment Barriers
Finding the Right People
What jobs and skills are in-demand
Job Applicants & Skilling Up
Applicant shortcomings & company measures
College Response
How STLCC is using this data
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Women in Aerospace Manufacturing
#WomenBuildAero
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