Talent Attraction USING DATA TO IDENTIFY AND ADDRESS WORKFORCE CHALLENGES

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1 Talent Attraction USING DATA TO IDENTIFY AND ADDRESS WORKFORCE CHALLENGES

2 Topics The EDO dilemma Jobs and skills shortage Threats (and benefits) of automation Workforce trends Geography of jobs Emerging skills, job titles What your community can do to ensure residents have the right skills

3 The Economic Developer s Dilemma

4 How do we understand what skills shortages employers face today?

5 Traditional Data Strengths Highly Structured Projections & Trends Total Coverage Traditional Data Lack of Detail No Localized Skills Information Outdated (maybe) No Employer Data Real-Time Data Strengths Provides Details on Job Descriptions Connects Jobs to Specific Businesses Reflects Current Outlook & Demand Real-Time Data Weaknesses Small Portion of Economy Represented Non-Standardized Structure Unable to Produce Projections

6 Traditional LMI Weaknesses Lack of Detail No Localized Skills Information Outdated (maybe) No Employer Data Real-Time LMI Strengths Provides Details on Job Descriptions Connects Jobs to Specific Businesses Reflects Current Outlook & Demand

7 What should a community do? Kn ow yo u r key industries, c l u sters, a n d supply chains Auditors

8 Workforce Trends

9 Axis Title States With Most Manufacturing Jobs (density), , , , , , ,000 50,000 Michigan Indiana Ohio Tennessee Kentucky Alabama Source: Emsi Employees; NAICS 33

10 Manufacturing Jobs:

11 Manufacturing Jobs:

12 Job Growth by Wage Category 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% -2.0% -4.0% -6.0% -8.0% Lower-Wage ($9.48-$13.33) Mid-Wage ($13.73-$20.00) Higher-Wage ($20.03-$32.62) Source: Emsi 2017 Q1 Dataset (Employees); Wage categories from NELP Automation hollows out middle-skill work

13 Software Design for 3D in manufacturing is completely different than manufacturing design Match variety of CAD programs Proprietary User friendly Detect design and printing issues 3D printing considerations Speed Tip size (how much 3D material is laid down) Multi-material Multi-resolution Part yield Printer uptime Traceability (what piece came from which batch) Machine shop user interface Oven technology consistent heat application; consistent cooling/fan air flow; apply heat at different rates to the product Layer interfacial temperatures (layer bonding) Multiple extruders on the same printing head Larger motors Increase oven heat to accommodate new materials Dealer Display Increase camera ability which conflicts, of course, with oven temperatures Bigger space for printing The ability to mix and match extruders, affecting size, color, materials, blend and beads. Material development issues Cost Shelf life Reliability Durability Brittleness Packaging and delivery (moisture sensitive) Volume Thermal conductive Electrical conductive Medical compatible drug conductive and/or antimicrobial Particle filled metals, glass, etc. Structural strength Prototype Panel Assembly Assembly Checking Fixture Printing technologies Fused Deposition Modeling (FDM) Stereo Lithography (SLA) hard plastic, laser 3D color prints ID-Light Laser Sintering Polyjet Direct Metal Laser Sintering Urethane Casting Laser Direct Structuring Tooling Low Volume Production Prototype Die Construction Fabrication Pre-production Assembly Tooling Robot Fitted with End of Arm Tool

14 Training and Education

15 High Tech Jobs:

16

17 What s Included METHODOLOGY Net Migration Educational Attainment* Overall Job Growth Regional Competitiveness Skilled Job Growth Annual Openings Per Capita

18 Click Here

19 What should a community do? Infrastructure Education Demographics Crime Rates Community Insights Unemployment and the LFPR Department of Defense Dependence

20 Labor Force Participation Rate Almost10 million people not participating in the labor force SSDI Recipients Everyone 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 -

21 % in Labor Force Labor Force Participation Rate Labor Force Participation Rate by Age Everyone by Age 40,000,000 30,000,000 20,000,000 10,000,000 Total, 16 years and older 16 to to to to to to to to to to 79 0 Labor Force by Age Age Age Age Age Age Age Age 65+

22 Labor Force Participation Rate Women

23 Labor Force Participation Rate As of August 2017, the total unemployment estimate including underemployed or discouraged workers was 8.6% Men

24 What should a community do? Work together P EO P L E E D U C AT I O N Our mission is to connect people, education, and employers. E M P LOY E R S

25 Strategies for Building a Talent Pipeline 1. Talent Attraction: The 0- to 6- Month Strategy 2. Transferable Skills: The 6-Month to 2-Year Strategy 3. Technical & Certificate Programs: The 2- to 4-Year Strategy 4. Advanced Skill Sets: The 4- to 7- Year Strategy 5. Information Gap: The 7- to 10-Year Strategy 6. Starting Early: The 10- to 15-Year Strategy

26 60% 50% 40% 30% 20% 10% 0% 1 Talent Attraction: The 0- to 6-Month Strategy F i n d w o r k e r s w h o g r e w u p i n y o u r a r e a W h o h a v e r e l a t i v e s i n y o u r a r e a A l u m n i ( b o t h h i g h s c h o o l a n d c o l l e g e s ) P r e v i o u s l y w o r k e d t h e r e I n c r e a s e s e r v i c e s a n d p r o g r a m s f o r t h o s e f a c i n g b a r r i e r s t o e m p l o y m e n t

27 2 Transferable Skills: The 6-Month to 2-Year Strategy M i n i m a l t r a i n i n g w i t h s i m i l a r s k i l l s e t s t h a t c o u l d t r a n s f e r t o n e e d e d p o s i t i o n s P a r t n e r w i t h w o r k f o r c e d e v e l o p m e n t b o a r d s o r w o r k f o r c e t r a i n i n g c e n t e r s Knowledge Skills Ability

28 3 Technical & Certificate Programs: The 2- to 4-Year Strategy P a r t n e r s h i p b e t w e e n b u s i n e s s, E D O s, w o r k f o r c e b o a r d s, a n d c o l l e g e s P r o g r a m a l i g n m e n t L i f e l o n g e d u c a t i o n Advanced Skill Sets: 4 The 4- to 7- Year Strategy P a r t n e r i n g w i t h 4 - y e a r c o l l e g e s a n d u n i v e r s i t i e s C r e a t i n g c u r r i c u l u m t h a t h a s f l e x i b i l i t y ( l o n g e v i t y )

29 5 Information Gap: The 7- to 10-Year Strategy I n v e s t i n J u n i o r H i g h a n d H i g h S c h o o l p r o g r a m s t h a t a l i g n t o w o r k f o r c e n e e d s M a k e s t u d e n t s a w a r e o f t h e r e a l - l i f e l a b o r m a r k e t o p p o r t u n i t i e s i n y o u r a r e a E a r l y e d u c a t i o n S T E M f i e l d s Starting Early: The 10- to 15- Year Strategy C o m p u t e r k n o w l e d g e ( n o n - S T E M f i e l d s ) 6

30 Who is Emsi? ECONOMICS F I R M B A S E D I N N O R T H E R N I DA H O

31

32 Thank You Debbie Maranger Menk Subscribe to our blog for stories and case studies from communities and employers across the U.S. EconomicModeling.com

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