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Innovation Crescent

Innovation Crescent. July 21, 2011. Inputs to include when determining your critical jobs. Primary Data. Secondary Data. Short Term. Long Term. Key data inputs. Labor Market Data. Company Surveys. Company-specific data Very small sample sizes Questions focus on short-term future needs.

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Innovation Crescent

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  1. Innovation Crescent July 21, 2011

  2. Inputs to include when determining your critical jobs Primary Data Secondary Data Short Term Long Term

  3. Key data inputs Labor Market Data Company Surveys Company-specific data Very small sample sizes Questions focus on short-term future needs • Show past performance of all regional firms • Not just a sample • Projections • Combine past performance with national trends • Create estimates of future performance • Lag between data collection and data publication All data sources often lead to more questions

  4. Key data inputs “Real-time” LMI Direct Business Input Company-specific needs Often anecdotal Short-term and long-term needs • Information drawn from online job postings • (e.g., Monster.com, company websites, GA Dept of Labor job postings) • Adverts are de-duplicated • Information classified based on the company (industry) and job title (occupation noted in the advert • Information shows who is hiring right now • Past 120 days All data sources often lead to more questions

  5. Georgia Work Ready Regions---Innovation Crescent Company Survey Results

  6. About the Survey • Four main topics • Current employment and hiring situation (Q1 thru Q5) • Key occupations (Q6 thru Q8) • Training and education needs (Q9 thru Q12) • Engagement (Q13)

  7. Survey Sample Responses • Survey conducted during late 2010/Early 2011 • 6 respondents • All from firms with “100 to 499” employees • Respondent industries were largely biotechnology-based, including medical device and pharmaceutical manufacturing

  8. 5 of 6 firms hired this year • Two firms (each in “100 to 499” range) hired 25 or more new employees • Vacancies Remain Limited • Two firms reported having 15 or more employment vacancies at the present time • Four firms reported having nine or less vacancies.

  9. Medium-term hiring expected

  10. Few Retirements anticipated • 25 expected retirements (as reported from the sample) for the next five years • Retirements were spread evenly among companies • One respondent did not answer the question

  11. High School Diploma Valued • 5 of the 6 firms identified a high school degree as necessary for entry-level, front-line positions • HS degree not always sufficient, as several firms noted other additional qualifications

  12. Firm Concerns • Employer-Identified Workforce Challenges • Great Need: “Lab Technicians”, “MFG/Process Operators”, “Production Technicians” • Respondents also identified various researchers and engineers • Great Difficulty Hiring: “Managers” • Respondents also identified various engineers as being difficult for hiring • Greatest Difficulty Retaining: Microbiologists and various engineers • Retention is generally not of greatest concern

  13. Reported “Key” Occupations Most needed MFG Process Operators * Lab Technicians Production Technicians Formulation Scientists Field Service Engineers Chemical Process Engineers Quality Engineers Microbiologists Difficult to Hire Difficult to Retain Bioengineers Regulatory Affairs Associate *Occupation receiving most mentions

  14. Main Challenge: Finding Qualified People

  15. Retention Challenges Have Varied Sources

  16. Training Widely Provided • 5 of the respondents provided some type of external or on-the-job training • Hours ranged from between 30 and 200 hours • A few examples of positions that require training include*: • MFG/Process Operators – 100 hours (98% can be OJT) • Lab Technicians - 90 hours (98% can be OTJ) • Research Associates - 200 hours (75% can be OTJ) * Figures are averages over responses

  17. Industry collaboration • 3 respondents are interested in collaborating to resolve common labor market challenges and critical skill shortages

  18. Georgia Work Ready Regions---Innovation Crescent Labor Market Data

  19. Labor Market Data • Big Occupations in Target Industries • Projected Average Annual Job Demand in Key Occupations

  20. Big Occupations in Pharmaceutical MFG Industry

  21. The Most Demanded Occupations in Pharmaceutical MFG between 2010 and 2020

  22. Georgia Work Ready Regions---Innovation Crescent “Real time” labor market data

  23. Real Time Labor Market Information • Data Source: Wanted Analytics • 268 pharmaceutical MFG related jobs posted on major employment websites in the last 120 days. • Most jobs in manufacturing related to sales and management occupations.

  24. Most Jobs Come From Pharmaceutical Preparation Manufacturers Top job providers: Dendreon Corporation, Novartis Pharmaceuticals Corp., Immucor, Inc.

  25. Most Jobs are Sales and Management Occupations

  26. Georgia Work Ready Regions---Innovation Crescent Select your critical jobs

  27. Inputs to include when determining your critical jobs • Company surveys • Direct • business • input • Critical Jobs • Labor market data • “Real-time” LMI

  28. In order to identify your critical jobs, please consider: • What jobs are common across the data, surveys and company input? • What jobs are needed now, and in the future? • Are there jobs that your industry leaders have noted, but do not show up in the data?

  29. Contact Info Mark C. White mwhite@c2er.org 703.522.4980 (x1015)

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