Talent as the Economic Development Currency of Tomorrow Leveraging Labor Market Intelligence and Big Data to Shape Florida s Future Florida Rural

Transcription

1 Talent as the Economic Development Currency of Tomorrow Leveraging Labor Market Intelligence and Big Data to Shape Florida s Future Florida Rural Economic Development Boot Camp August 28, 2014

2 Motivation Did previous graduates obtain employment? What is the typical salary for this degree? Will my degree be in demand upon completion? Should a new training program be considered? What type of skills will be regionally produced in the future? Can the regional talent currently support this company?

3 Florida Data Available Labor Market Supply/Demand Data 25 spreadsheets (24 Regions + State) Occupational and Industry Demand Forecasts Linear projection of occupations (National, State, County) Real Time Supply/Demand Data Help Wanted Online and Conference Board Current Market Intelligence Industry specific groups Training Outcomes Wages tied to institutions and degrees

4 Occupation to Degree (SOC to CIP) Initial attempt to determine Accountants ( ): Primary Occupation: Potential Required Degrees: Secondary Occupations: Computer Occupations, All Other Financial Examiners Criminal Justice and Law Enforcement Teachers, Postsecondary Accounting and Computer Science Detectives and Criminal Investigators Financial Forensics and Fraud Investigation Private Detectives and Investigators Accounting Budget Analysts Accountants and Auditors Auditing Credit Analysts Accounting and Finance Tax Examiners and Collectors, and Revenue Agents Accounting and Business/Management Business Teachers, Postsecondary Taxation Financial Managers Financial Analysts Tax Preparers

5 SOC - CIP - SOC Consider Region and Degree Approach: Computer Occupations, All Other Financial Examiners [Bach] Criminal Justice and Law Enforcement Teachers, Postsecondary [Experience / Masters] Accounting and Computer Science [Assoc] Detectives and Criminal Investigators Financial Forensics and Fraud Investigation [N/A in FL] Private Detectives and Investigators Accounting [Assoc, Bach, Grad] Budget Analysts [Bach] Accountants and Auditors [Bach] Auditing [N/A in FL] Credit Analysts [Bach] Accounting and Finance [Assoc, Bach, Grad] Tax Examiners and Collectors, and Revenue Agents [Bach] Accounting and Business/Management [Assoc, Bach, Grad] Business Teachers, Postsecondary [Experience / Masters] Taxation [Bach, Grad] Financial Managers [Experience / Masters] Financial Analysts [Bach] Tax Preparers [Assoc]

6 SOC - CIP - SOC Computer Occupations, All Other Accounting and Computer Science [Assoc] Criminal Justice and Law Enforcement Teachers, Postsecondary Financial Forensics and Fraud Investigation [N/A in FL] Detectives and Criminal Investigators Accounting [Assoc, Bach, Grad] Private Detectives and Investigators Accountants and Auditors [Bach] Auditing [N/A in FL] Business Teachers, Postsecondary Financial Examiners [Bach] Accounting and Finance [Assoc, Bach, Grad] Tax Preparers [Assoc] Budget Analysts [Bach] Accounting and Business/Management [Assoc, Bach, Grad] Chief Executives Credit Analysts [Bach] Taxation [Bach, Grad] General and Operations Managers Tax Examiners and Collectors, and Revenue Agents [Bach] Suspension and Debarment Investigation [N/A in FL] Natural Sciences Managers Financial Analysts [Bach] Finance, General [Assoc, Bach, Grad] Mathematicians Financial Managers [Bach] Public Finance [N/A in FL] Mathematical Science Occupations, All Other Personal Financial Advisors [Bach] Credit Management [Bach] Economists Loan Officers [Bach] Financial Mathematics [N/A in FL] Mathematical Science Teachers, Postsecondary Financial Specialists, All Other [Bach] International Finance [N/A in FL] Bill and Account Collectors [Assoc] Credit Counselors [Bach] Investments and Securities [Grad] Tellers [Assoc] Statistical Assistants [Bach] Finance and Financial Management Services, Other [Bach] Credit Authorizers, Checkers, and Clerks [Assoc] Securities, Commodities, and Financial Services Sales Agents [Bach] Financial Planning and Services [Grad] Loan Interviewers and Clerks [Assoc] Banking and Financial Support Services [Assoc, Bach] New Accounts Clerks [Assoc] Accounting Technology/Technician and Bookkeeping [Assoc, Bach] Bookkeeping, Accounting, and Auditing Clerks [Assoc] Business and Personal/Financial Services Marketing Operations [Assoc] Payroll and Timekeeping Clerks [Assoc] Brokerage Clerks [Assoc]

7 SOC - CIP Florida Specific Finance and Accounting Occupational Grouping: Accountants and Auditors [Bach] Accounting [Assoc, Bach, Grad] Financial Examiners [Bach] Accounting and Finance [Assoc, Bach, Grad] Budget Analysts [Bach] Accounting and Business/Management [Assoc, Bach, Grad] Credit Analysts [Bach] Taxation [Bach, Grad] Tax Examiners and Collectors, and Revenue Agents [Bach] Financial Analysts [Bach] Finance, General [Assoc, Bach, Grad] Financial Managers [Bach] Personal Financial Advisors [Bach] Credit Management [Bach] Loan Officers [Bach] Financial Specialists, All Other [Bach] Finance and Financial Management Services, Other [Bach] Credit Counselors [Bach] Banking and Financial Support Services [Assoc, Bach]

8 Florida Region Finance and Accounting Occupational Grouping: Annual Supply Figures Palm Beach State SE Florida County Accounting [Assoc, Bach, Grad] 3,588 1, Accounting and Finance [Assoc, Bach, Grad] Accounting and Business/Management [Assoc, Bach, Grad] Taxation [Bach, Grad] Finance, General [Assoc, Bach, Grad] 3, Credit Management [Bach] Finance and Financial Management Services, Other [Bach] Banking and Financial Support Services [Assoc, Bach] Total 7,115 2,

9 Market Intelligence Portal State Annual Demand: 16,036 (EMSI 2012) State Annual Supply: 7,115 (NCES: 2012) Annual Supply/Demand Ratio: 0.44

10 Finance - Forecast Finance - Florida Completions 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 -

11 Market Intelligence Portal National Bachelor's Completion Forecast 2,500,000 2,000,000 1,500,000 1,000, ,000 -

12 Thank You!