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1 TECHNOLOGY EMPLOYMENT SPOTLIGHT: NASHVILLE Developed for the Technology Council Brought to you by: Technology Council Copyright 215

2 TECHNOLOGY EMPLOYMENT SPOTLIGHT: NASHVILLE AREA MESSAGE FROM THE PRESIDENT It is an exciting time to be in a technology career or business in Middle. Our community has incredible assets for technology companies and IT departments to grow their businesses. Our businesses are making investments to not only attract but also grow talent in this region. This year s report shows that our technology sector has grown by over 2,2 workers. Annual openings have increased from 872 to 1,548. Our region is aggressively competing seen by the 9% of annual postings. Although a key source to create skilled workers and lessen the skills gap, the area schools would appear to have capacity to engage more students (se page 11). Recruiting students to become skilled or obtain a degree or certification is key for our technology workforce. The growth of our technology workforce and investment of the businesses is driving regional economic development. Middle businesses are investing in long-term solutions to the IT skills gap. Regional businesses came together to support the NTC s IT Pathway Collaborative for 3 paid internships totaling over $1.6m over two years. The IT Pathway Collaborative and the NTC s leadership with the White House s Tech Hire Initiative will build this region s high quality technology talent pool. As you review cities across the state and cities of peer size, it is important for this region to continue to invest in education to be a workforce supply to met business demand. Finding this scarce talent entails knowing where they are. That s why the Technology Council has partnered with CareerBuilder and Economic Modeling Specialists International (EMSI), a CareerBuilder company. Together, we provide you access to in-depth data on the current and future state of the technology workforce in our community, delivered in this comprehensive report. From this report, you will get an in-depth look at the state of s current technology labor market, be able to identify the top educational institutions and programs for future technology talent, and compare technology job growth projections within various markets. As your partner, Technology Council is committed to delivering you data and resources to help you position your business for competitive growth. Use this information to inform your recruiting strategy, get involved to build the talent locally and create a plan to invest in your business greatest asset your people. Sincerely, BRYAN HUDDLESTON President and CEO, Technology Council Technology Council Copyright 215 1

3 IT JOBS IN NASHVILLE METROPOLITAN AREA (MSA) 23,398 IT jobs in 214 1, Openings Completions Educational Supply The 23,398 IT Jobs in the Area comprises several different job categories. Here are some highlights below relate to how the market is changing. Annual Change in Jobs Annual Openings is defined as the estimated employment change and turnover for an occupation for a given year. This is EMSI s estimate of labor market demand for an occupation, and when combined with Related Completions gives a picture of the supply and demand for the occupation in the region. Note that in one year, the growth in IT jobs is almost 9% , , , 1,5 2, Educational Supply The 822 Related Completions is the number of people who received either a degree or certificate related to the occupation during the most recently reported year 213. This represents the educational supply for an occupation, and when combined with Annual Openings gives a picture of the supply and demand for the occupation in the region. Technology Council Copyright 215 3

4 HOW DOES THE NASHVILLE IT WORKFORCE BREAKDOWN? Age Gender % is a unique amalgamation of % 3.5% Male: 65.6% Female: 34.4% entrepreneurial energy and established enterprises, % fueled by the power of technology in our can-do % city. The 1% 2% 3% 4% Technology Council is at the nexus of these two worlds, and must maintain its robust involvement, advancing the healthy balance of emerging talent and tools necessary for smart, sustainable growth. Brian Lapidus Practice Leader Identity Theft and Breach Notification, Kroll Advisory Solutions Technology Council Copyright 215 2

5 IS THE SUPPLY OF IT WORKERS MEETING THE DEMAND? Top 5 IT Occupations in, Jan Feb 215 remains one of the nation s leading hubs for technology innovation and employment growth. Although attracting top IT talent can be a challenge in the current recruitment landscape, leading area organizations are separating themselves by offering a simple, candidate-friendly pre-hire experience. And corporations that stand out are focused on developing their employment brand, sharing positive workplace culture, offering challenging projects and career development opportunities. Here is a look at the top 5 IT jobs in from January of 214 to February of 215 by number of job openings, jobs, average monthly postings and average monthly hires. Computer and Information Systems Managers Network and Computer Systems Administrators Software Developers, Applications Computer User Support Specialists Computer Systems Analysts 214 Job Openings Average Monthly Postings Jobs 2,448 2,53 2, Average Monthly Hires 3,67 4, k 2k 3k 4k 5k Chuck Branding Careerbuilder Computer and Information Systems Managers Network and Computer Systems Administrators Software Developers, Applications Computer User Support Specialists Computer Systems Analysts Technology Council Copyright 215 4

6 WHAT DOES THE SUPPLY AND EASE OF HIRING LOOK LIKE FOR COMPUTER SYSTEMS ANALYSTS? The demand/unique job postings over the past two years for Computer Systems Analysts in are 548 postings with compensation ranging between $73-1K. The Top 3 industries for Computer Systems Analysts within 5 miles of over the past 2 years are: 1. Colleges, Universities and Professional Schools 2. General Medical and Surgical Hospitals 3. Other Aircraft Parts and Auxiliary Equipment Manufacturing More: 1, 8 6 Active Supply of Workers 4 2 Less: Harder: Easier: 7 Ease of Hiring Technology Council Copyright 215 5

7 WHAT DOES THE SUPPLY AND EASE OF HIRING LOOK LIKE FOR WEB DEVELOPERS The demand/unique job postings over the past two years for Web Developers in are 1,141 postings with compensation ranging between $8-99K. The Top 3 industries looking for Web Developers within 5 miles of over the past 2 years are: 1. Computer Systems Design Services Establishments primarily engaged in planning and designing computer systems that integrate computer hardware, software, and communication technologies. 2. All Other Professional, Scientific, and Technical Services Establishments primarily engaged in the provision of professional, scientific, or technical services. 3. Custom Computer Programming Services Establishments primarily engaged in writing, modifying, testing, and supporting software to meet the needs of a particular customer. More: Active Supply of Workers Less: Harder: Easier: 5 Ease of Hiring Technology Council Copyright 215 6

8 HOW DOES NASHVILLE GROWTH COMPARE? represents a significant portion of the growth in, projecting 8% growth by 219 compared to for the state. However it is smaller compared to the larger cities of (1%) and (1%) as seen in the chart on the far right. Number of Jobs Number of Jobs 8, 12, 7, 6, 1, 5, 8, 4, 6, 3, 2, 1, 213 4, 2, Job Growth by Position Each of the charts below shows s growth by specific job classifications. growth in software development leads all metropolitan areas in this specific study. Computer and Information Systems Managers Network and Computer Systems Admin 1% 8% 6% 6% 6% 5% 6% 4% 5% 3% 3% 2% Nation 9% Nation 5% 6% 5% 1% 15% 2% 4% 6% 8% 1% Technology Council Copyright 215 7

9 HOW DOES NASHVILLE GROWTH COMPARE? Each of the charts below shows s growth by specific job classifications. growth in software development leads all metropolitan areas in this specific study. Software Developers, Applications Computer User Support Specialists 11% 11% 11% 8% 1% 9% 9% 9% 6% Nation 14% 13% Nation 1% 1% 5% 1% 15% 5% 1% 15% Computer Systems Analysts 18% Nation 11% 1% 1% 9% 8% 11% 5% 1% 15% 2% Technology Council Copyright 215 8

10 HOW DOES NASHVILLE COMPARE IN TERMS OF COMPENSATION? Top 3 highest paying IT occupations in the Metro Area with comparisons cities in and Nationwide (by 213 average hourly earnings). Computer Network Architects Computer and Information System Managers $57.1 $67.23 $5.22 $66.4 $48.7 $63.13 $46.94 $55.63 $42.28 $5.63 $41.68 $5.32 $4.89 $5.23 $4.62 $48.12 $44.78 $1 $2 $3 $4 $5 $6 $51.68 $2 $4 $6 $8 Software Developers, System Software $49.77 $48.5 $46.78 $41.71 $4.13 $39.95 $38.42 $36.27 $39.89 $1 $2 $3 $4 $5 Comparison to National average, In terms of hourly wages and the change in the workforce, note how IT jobs compare to the national averages over three years. Hourly Wages Percent Change in Workforce $ % National Average $37.45 National Average 5.6% $1 $2 $3 $4 2% 4% 6% Technology Council Copyright 215 9

11 HOW ARE LOCAL UNIVERSITIES SUPPORTING LOCAL IT JOB GROWTH? 5 Year Completions by Job (Certificate and Graduates) 213 (Certificate and Graduates) Management Information Systes, General Here s the quote from " continues to have fantastic opportunity to continue to lead e country in STEAM (Science, Technology, Engineering, Art, Math) workforce; that need continues to grow with the number of cranes in our skyline. Our Technology Council's leadership has never been more needed than today, as we continue on this upward trajectory." Computer Science Computer Systems Networking and Telecommunications Business/Office Automation/ Technology/Data Entry Information Technology 183 Computer Systems Networking & TC ITT Technical Institute Completions by Job and Institution Certificates Degrees Total Completions State Community College Management Information Systems, General Middle State University College of Applied Technology Belmont University 6 6 Computer Science Vanderbuilt University Middle State University State University Lipscomb University Technology Council Copyright 215 1

12 Data Sources Career Builder s Supply and Demand Portal, October QCEW Employees, Non-QCEW Employees, and Self-Employed for all data points except Demographics (Existing Workforce) Gender and Demographics (Existing Workforce Age) taken from QCEW Employees, Non-QCEW Employees, and Self-Employed. Additional Information Information on the President's TechHire Initiative IT Pathway Collaborative Sponsors Technology Council Copyright

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