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Existing Industry Clusters

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Transcript

  • 1.  
  • 2. Purpose
    • Short Term: Assist Businesses in Finding Qualified Workers
    • Long Term: Transition the Workforce to a Higher Skills Economy
    Position the Memphis Region to Compete with Other Major Regions in the Global Economy
  • 3. STUDY AREA 52 Counties 8 Sub-Regions
  • 4. Who Will Benefit
    • Existing Business and Industry
    • Economic Development Organizations
    • Local Governments
    • Workforce Investment Boards
    • K-12 Educators
    • Colleges and Universities
    • Training Providers
  • 5. Objectives
    • Document the Current Strengths and Weaknesses of the Workforce
    • Quantify Hidden Labor Resources
    • Identify Unmet Training Needs
    • Use Regional Perspective to Match More People with Jobs
  • 6. Objectives
    • Develop Business and Economic Targets for each Sub-region
    • Identify Roles and Areas of Specialized Research for Higher Education
    • Inform K-12 Educators of Workforce Needs and Trends
  • 7. Process
    • Interviewed 3,600 Workers
    • Collected 364 Employer Surveys
    • Interviewed 65 Key Workforce Influencers
    • Conducted 5 Focus Groups of Community Representatives
  • 8. Key Assets
    • Huge Hidden Potential Workforce
      • Underemployed 188,795
      • Not Employed, Wanting Work 328,795
      • Recent College Graduates 14,500
      • Total Hidden Labor Supply 532,090
  • 9. Key Assets
    • Large Percentage of Employed and Not Employed are Interested in Training
      • 58.9% Want to Upgrade Skills – 799,510
      • Leading Fields of Interest among Workforce:
        • Computer Related
        • Medical Related
        • Any Type of Training that will Lead to a Better Job
  • 10. Key Assets
    • Regional Population Younger than National Average, which is Preferred by Some Companies
    • Employers Report Ability to Recruit Talent from Outside Region
      • Situation has Improved from Earlier Studies
      • Situation Better in Memphis than in Rural Areas
      • Improved Perception of Quality of Life is a Factor
  • 11. Key Assets
    • Employers Report:
      • Satisfactory Work Ethic and Productivity
      • Good Availability of Unskilled and Semi-Skilled Workers
      • Region Perceived as a Low Wage Location
      • Belief that Region Can Support Higher Skilled Emerging Industries
  • 12. Key Assets
    • Excellent Foundation for Economic Expansion
      • Higher Number of Post-secondary Institutions than Comparable Southeastern Regions
      • Good Corporate Presence and Base
      • Fed Ex Hub and Other Excellent Transportation Assets
      • Existing Industry Clusters
  • 13. Key Assets Existing Industry Clusters Sub-regions 6 7 8 5 4 3 2 1 Medical Machinery Aluminum Products Furniture Gaming Logistics
  • 14. Key Assets Existing Industry Clusters Sub-regions Polymer Products Metal Fabrication 6 7 8 5 4 3 2 1 Elec. Equip. Food & Beverage Textiles & Apparel Ag Support Auto Parts
  • 15. Key Challenges
    • Size of Workforce has Declined
    • Population Base Growing More Slowly than US
    • Key Component of Workforce (Ages 20-34)
      • Regional Projected 5-yr Growth -0.7%
      • National Projected 5-yr Growth 5.1%
  • 16. Key Challenges
    • Household Incomes are Low
    • Educational Attainment is Low
    • Public School Performance is Mixed
    • Performance in Math and Science is Low
    • Number of Degrees Awarded in Math, Sciences and Engineering is Low
  • 17. Key Challenges Labor Availability Region Factor          Elasticity          4-Year College Education (%)          12-15 Years Education (%)          HS Degree (%)          Median Age          Population Growth          Population Size 8 7 6 5 4 3 2 1
  • 18. Key Challenges Occupations Region Factor          Ability to attract outside talent    N/A      Management   N/A N/A N/A  N/A   Computer/IT   N/A N/A      Production   N/A N/A      Technical/ Professional    N/A      General Business Support 8 7 6 5 4 3 2 1
  • 19. Key Challenges Labor Quality & Costs Region Factor          Labor Costs          Work Ethic/ Productivity          Basic Computer Skills          Basic Skills 8 7 6 5 4 3 2 1
  • 20. Key Challenges
    • Some Gaps Exist Between Education, Workforce Development and Business
    • African-Americans are Under-represented in High-Tech Occupations
  • 21. Key Challenges
    • Need Stronger and Sustained Commitment for Change among:
      • Leadership
      • Educators – Local and State Level
      • Workforce Investment Boards
      • Private Sector
    • Need Support for a Common Vision
  • 22. Situation Summary
    • Region is Diverse
    • Many Assets will Support Economic Expansion
    • Good Industry Base – 12 Clusters
    • At Least Nine Targets for Growth
    • Formidable Workforce Challenge
    • Current Workforce Development System Disjointed and in Some Areas Ineffective
  • 23. Recommendations Target Industries Sub-Regions 6 7 8 5 4 3 2 1 Logistics Bio-Sciences Bio-Logistics Auto Parts & Assy. Alternative Fuels
  • 24. Recommendations Target Industries Sub-Regions 6 7 8 5 4 3 2 1 Ag Support Visitor/ Gaming Film/Music Office Operations
  • 25. Recommendations
    • Create a Regional Workforce Partnership
      • Coordinate Sub-Regional Activities
      • Assist in Developing Industry Consortia
      • Transfer of Best Practices
      • Coordinate Lobbying Efforts
      • Promote Broad Ownership of Workforce Development
      • Pursue Grants and Other Funding for the Region
      • Identify Programs that can be Merged or Better Coordinated
      • Establish Vision, Goals, Measurements
  • 26. Recommendations
    • Much Stronger Role for the Private Businesses
      • Build Industry Consortia such as BioWorks and the Northwest TN Healthcare Consortium to Allow Industries with Similar Needs to Work Together to Influence the Quality of the Workforce
      • Better Communicate Emerging Career Opportunities to Lower Income Youth, Begin Communication in the Early Grades
      • Development and Adoption of Sound Hiring Policies for People with Arrest Records
  • 27. Recommendations
    • Much Stronger Role for the Private Businesses
      • Define Skill Needs and Communicate to Educators and Workforce Developers
      • Develop Tests to Measure Workforce Preparedness
      • Guaranteed Jobs for Students who Pass Test
      • More Recruiting at Local Schools and Universities
  • 28. Recommendations
    • Much Stronger Role for Private Businesses
      • More Work-study Programs, Mentoring, Career Planning
      • Make Junior Achievement Style Programs Broadly Available, Build on Popularity of The Apprentice
      • Create Vice President of Workforce Development Position
    • Assist in Public Transportation Planning to Provide More and Better Access to Jobs
  • 29. Recommendations
      • State Level Education Policies:
        • Direct College Scholarships to Programs that Support the Economy – Math, Sciences, Engineering and on Teachers for those Areas
        • Set Goal for the Region to Become National Leader in Math and Science Graduates
        • Expand and Promote Technical Training
  • 30. Recommendations
      • State Level Education Policies:
        • Evaluate Two Path System (TN)
        • Provide Quick Response to Employer Need for New Programs and Courses
        • More Use of Career Laddering Programs such as the Health Care Program in Arkansas
  • 31. Recommendations
    • Local Education Policies
      • Expand and Promote Vo-tech Training
      • Develop Programs to Reduce the Drop-out Rate
      • Coordinate and Unify Middle School Programs
      • Place Emphasis on Math, Sciences, Language and Critical Thinking
      • Use Tests Developed by Businesses to Measure Workforce Preparedness
  • 32. Recommendations
    • Hold National African-American New Economy Workforce Development Conference
      • Goal: Coalesce Ideas, Identify Solutions, Develop Vision as a National Leader, Create Action Plan
      • Involve Top National Thinkers and Leaders
    • Expand the Talent Magnet Program to Make it Useful to the Suburbs and Greater Region
  • 33. Implementation Network
  • 34.  
  • 35.  
  • 36.  
  • 37.  
  • 38. Company-Based Intern Career Pathing
  • 39. Company-Based Adult Career Development
  • 40. National Impact
    • Selected for Economic Development Administration Funding
    • First to Use Online Workforce Data Delivery System
    • More Potential Funding and Recognition for Sub-regional Initiatives to Follow