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Greater Peninsula

Greater Peninsula. State of the Workforce. Presented by the. Welcome and Introductions Dr. John Olson Campus President, ECPI University Chair, Peninsula Council for Workforce Development. Thank You to our Champion Sponsors. Thank You to our Table Sponsors Newport News Shipbuilding

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Greater Peninsula

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  1. Greater Peninsula State of the Workforce Presented by the

  2. Welcome and Introductions Dr. John Olson Campus President, ECPI University Chair, Peninsula Council for Workforce Development

  3. Thank You to our Champion Sponsors

  4. Thank You to our Table Sponsors Newport News Shipbuilding City of Newport News Newport News Economic Development Department Newport News Public Schools

  5. Welcome Special Guests

  6. Special Opening Remarks Honorable Maurice Jones Secretary of Commerce and Trade Commonwealth of Virginia

  7. Greater Peninsula State of the Workforce Presented by the

  8. State of the Workforce Report Dr. Fletcher Mangum Managing Partner Mangum Economics

  9. Greater Peninsula State of the Workforce Mangum Economics April 29, 2014

  10. Greater Peninsula Employment 2007:Q2 to 2013:Q2 Data Source: Virginia Employment Commission

  11. Y-o-Y Change in Employment 2007:Q2 to 2013:Q2 Data Source: Virginia Employment Commission

  12. Greater Peninsula Employment by Major Industry Sector 2013:Q2 Data Source: Virginia Employment Commission

  13. Greater Peninsula Avg. Weekly Wages by Major Industry Sector 2013:Q2 Data Source: Virginia Employment Commission

  14. Greater Peninsula Change in Employment 2012:Q2 to 2013:Q2 Data Source: Virginia Employment Commission

  15. Unemployment:December 2008 to December 2013 Data Source: Virginia Employment Commission

  16. Population Change 2000 to 2012 Data Source: US Census Bureau

  17. Population Change 2000 to 2012 Data Source: US Census Bureau

  18. Population Change 2000 to 2012 Data Source: US Census Bureau

  19. Population Change 2000 to 2012 Data Source: US Census Bureau

  20. Greater Peninsula Major Industry Sector Performance

  21. Greater Peninsula Current Skill Gap

  22. Greater Peninsula Gap Analysis

  23. Greater Peninsula Gap Analysis

  24. Greater Peninsula Gap Analysis

  25. Recommendation #1 Maintain a regional focus on the six industry sectors that the Peninsula Council for Workforce Development has identified as key areas of workforce demand.

  26. Recommendation #1 • Construction: • Although having suffered during the recession, remains a key sector for the region’s future growth and expansion. • The Specialty Trade Contractors subsector was shown to be one of the region’s above average economic performers. • Several key occupations in this industry were shown in the gap analysis to be potential areas of future shortfall with regard to the supply of qualified workers.

  27. Recommendation #1 • Finance and Insurance: • Although small in terms of overall employment, is a high paying sector – providing the 6th highest weekly wages of any major industry sector in the region. • The Securities, Commodity Contracts, and Other Finance subsector was shown to be one of the region’s above average economic performers.

  28. Recommendation #1 • Healthcare: • Region’s second largest employment sector. • Consistent employment growth throughout the recession and the recovery. • Sector as a whole was shown to be one of the region’s above average economic performers. • Is experiencing rapid changes in the types of workers it hires and the skills they must possess – will require significant assistance in terms of future workforce development.

  29. Recommendation #1 • Manufacturing: • Region’s largest employment sector. • Pays 5th highest weekly wages of any major industry sector in the region. • Drove recent regional employment increase. • Sector as a whole was shown to be one of the region’s above average economic performers. • Is experiencing rapid changes in the types of workers it hires and the skills they must possess – will require significant assistance in terms of future workforce development.

  30. Recommendation #1 • Tourism: • Reflecting the prominence of the Greater Peninsula as a tourist destination, the Tourism industry is larger than one would anticipate based on the statewide norm. • Tourism also provides “bridge jobs” that provide the region’s youth with the critical thinking, problem solving, and soft skills that employers said they often find lacking in prospective job applicants.

  31. Recommendation #2 • Focus on the workforce needs of emerging industry sectors such as Professional, Scientific, and Technical Services: • Currently comprises only 5.8% of total employment. • However, recent annual employment growth was 2.7% in the Greater Peninsula as opposed to only 0.1% statewide. • Pays highest weekly wages of any major industry sector in the region.

  32. Recommendation #3 • Enhance awareness of available technical careers: • Concern expressed in Employer Workforce Roundtables. • Leverage existing resources to better inform high school and middle school students about regional technical career opportunities. • Create “fast track” programs to better connect separating military to regional technical career opportunities.

  33. Recommendation #4 • Close the skill gaps: • Gaps between the average skill sets of individuals who are being released from declining industries, and those required by expanding industries. • Particularly true in mathematics, management of financial resources, management of material resources, systems analysis, and speaking.

  34. Recommendation #5 • Find ways to address the regional outflow of young adults: • Greater Peninsula has suffered a loss of population among young adults. • Continue support of the Youth Career Expo, Youth Career Café, and Youth Workforce Office. • Enhance regional business recruitment from local colleges and universities

  35. Recommendation #6 • Be cognizant of the region’s increasing diversity: • Greater Peninsula is a demographically diverse area that is becoming even more diverse. • Raises the possibility of special needs regarding integrating workers for whom English is a second language or who come from diverse cultural backgrounds.

  36. Dashboard Presentation

  37. Questions?

  38. Thank You Dr. A. Fletcher Mangum Managing Partner 804-771-5338 fletcher@mangumeconomics.com

  39. Greater Peninsula State of the Workforce Presented by the

  40. Special Address and Closing Remarks Mr. William Harrell President and CEO Hampton Roads Transit

  41. Greater Peninsula State of the Workforce Presented by the

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