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Assessing & Selling Your Workforce
- 1. Assessing & Selling Your Workforce Del Boyette & Kay Stebbins KAED Spring Conference 4.14.16
- 2. What is the #1 factor in site selection today?
- 3. I believe in Rural America because it’s where the green grass grows. Workforce
- 4. “The continuing war for talent: Skilled labor availability, typically the number-one ranked issue annually, ranked even higher than previous years. ” Area Development Corporate Executive Survey, 2016
- 5. Workforce is the undisputed location factor issue.
- 6. How To Tell the Best Workforce Story
- 7. I believe in Rural America because it’s where the green grass grows. Combine data and qualitative research to create a compelling workforce business case.
- 8. Questions You Need to Know How to Answer
- 9. § How many welders are within a 60-mile radius? § What are the average wages in the automotive sector? § What training programs are available for metal fabricators and how many completers do they have annually? Questions You Need to Know How to Answer
- 10. § How far are residents willing to commute? § What is your underemployment rate? § What is the labor participation rate for the area? § How many adults hold an associate’s degree or higher? Questions You Need to Know How to Answer
- 11. § What is your projected population growth? § What are your existing employers’ greatest workforce challenges? § What is the average age of your IT workforce? § What are the skill sets of your unemployed workers? Questions You Need to Know How to Answer
- 12. Questions To Ask Current Employers About Their Workforce
- 13. § What is your overall satisfaction with the area workforce? § What is your annual turnover rate? § What is your daily absentee rate? § What skills are most important to your success? Questions To Ask Current Employers About Their Workforce
- 14. § From which counties do your employees commute? § What type of training programs would be beneficial to you? § What skill deficits do you see in your current workforce? § What are the most common reasons employees leave your company? Questions To Ask Current Employers About Their Workforce
- 15. § Do you currently employ anyone with a college degree in a position that does not require a degree? § What is the average length of employment of your workforce? § How would you rate overall employee availability? Questions To Ask Current Employers About Their Workforce
- 16. § How long does it take to fill open positions in your company? § What occupations are most challenging to fill? § Is it challenging to recruit from outside the region? § Is the cost of labor in line with quality among your workforce? Questions To Ask Current Employers About Their Workforce
- 17. What You May Need to Know § Workforce Skill Sets § Key Occupations by Sector § Commuting Patterns § Projected Job Growth § Labor Force and Participation Rate § Unemployment and Underemployment § Average Wages by Sector and Occupation
- 18. What You May Need to Know § Occupational Knowledge/Skills/Abilities § Skills Gaps § Employer Perceptions § Resident Needs § Available Training Programs § Educational Attainment § Training Completers § Workforce Age
- 20. Workforce Training Inventory § Degree Programs § Certificate Programs § Non-Traditional Programs § Concurrent Enrollment Programs § Apprenticeships/Internships § Customized Training
- 21. Kentucky Labor Force 2015 Annual February 2016 Labor Force 1,953,393 1,959,925 Labor Participation Rate 59.4% N/A Employed 1,847,938 1,837,035 Unemployment Rate 5.4% 6.3%
- 22. 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 Kentucky Employment by Sector 2015 Jobs 2020 Jobs
- 23. $33,783 $82,507 $112,082 $60,239 $69,591 $69,164 $30,718 $60,544 $63,329 $77,529 $44,768 $69,451 $116,176 $33,272 $32,488 $54,559 $27,035 $17,727 $28,939 $59,952 $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 Crop and Animal Production Mining, Quarrying, and Oil and Gas Extraction Utilities Construction Manufacturing Wholesale Trade Retail Trade Transportation and Warehousing Information Finance and Insurance Real Estate and Rental and Leasing Professional, Scientific, and Technical Services Management of Companies and Enterprises Administrative and Support and Waste Educational Services Health Care and Social Assistance Arts, Entertainment, and Recreation Accommodation and Food Services Other Services (except Public Administration) Government Kentucky Earnings by Sector
- 24. 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 Less Than 9th Grade 9th Grade to 12th Grade High School Diploma Some College Associate's Degree Bachelor's Degree Graduate Degree and Higher Kentucky Educational Attainment 2020 Population 2015 Population
- 25. 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 Skilled Trades Employment in Kentucky 2015 Jobs 2020 Jobs
- 26. Prospects Don’t See City Limits or County Lines
- 27. Pikeville Area Labor Force 2015 Annual February 2016 Labor Force 21,264 20,913 Labor Participation Rate 44.3% N/A Employed 19,016 18,274 Unemployment Rate 10.6% 12.6%
- 28. 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 Pikeville Area Employment by Sector 2015 Jobs 2020 Jobs
- 29. $47,207 $81,632 $84,178 $47,544 $53,482 $60,524 $28,313 $59,579 $53,991 $49,564 $40,523 $54,072 $63,864 $28,816 $47,378 $52,987 $19,052 $15,569 $30,471 $47,760 $0 $10,000$20,000$30,000$40,000$50,000$60,000$70,000$80,000$90,000 Crop and Animal Production Mining, Quarrying, and Oil and Gas Extraction Utilities Construction Manufacturing Wholesale Trade Retail Trade Transportation and Warehousing Information Finance and Insurance Real Estate and Rental and Leasing Professional, Scientific, and Technical Services Management of Companies and Enterprises Administrative and Support and Waste Educational Services Health Care and Social Assistance Arts, Entertainment, and Recreation Accommodation and Food Services Other Services (except Public Administration) Government Pikeville Area Earnings by Sector
- 30. • 9,499 Inbound Commuters • 11,671 Living and Working in Pike County • 7,271 Outbound Commuters Pikeville Area Commuting
- 31. 0 10,00020,00030,00040,00050,00060,00070,00080,00090,000 Less Than 9th Grade 9th Grade to 12th Grade High School Diploma Some College Associate's Degree Bachelor's Degree Graduate Degree and Higher Pikeville Area Educational Attainment 2020 Population 2015 Population
- 32. 0 100 200 300 400 500 600 700 800 900 1,000 Skilled Trades Employment in Pikeville Area 2015 Jobs 2020 Jobs
- 33. Understanding Your Workforce is a Competitive Advantage
- 34. Key Messages § The Pikeville area is home to more than 3,000 skilled trades workers. § More than 7,000 residents commute out of Pike County each day. § With a labor shed that draws from three states, more than half of the regional workforce is under the age of 45. § Currently, more than 3,000 Pike County residents are unemployed, many of them highly skilled with experience in the coal industry.
- 35. DO YOU KNOW YOUR WORKFORCE STORY?