Broward County. Information Technology Industry Edition. Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics

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1 L a b o r M a r k e t I n d u s t r y P r o f i l e Broward County Information Technology Industry 2015 Edition Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics

2 Florida s Information Technology industry cluster began to develop in support of the nation s space program and was further enhanced with the introduction of the IBM Personal Computer in Boca Raton in From these early efforts, Florida s information technology industry cluster has matured into such diverse areas as digital media; modeling, simulation and training; photonics/optics; and mobile technologies. The information technology industry cluster is defined as a combination of 51 different industries from both manufacturing (28) and nonmanufacturing (23). Industries within the cluster underwent a redefinition with the introduction of the 2012 North American Industry Classification System (NAICS). As a result, a consistent time series for the cluster can only be constructed from 2011 through the first quarter of 2015 with the new industry definitions as defined by NAICS. The industries included in the IT cluster are defined by Enterprise Florida, Inc. The information technology industry cluster in Broward County had 2,838 establishments and employment of 25,621 in March Employment was up +756 jobs (+3.0 percent) over the year. Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, Quarterly Census of Employment and Wages Program (QCEW).

3 Broward County s largest manufacturing industries in information technology in March 2015 were broadcast and wireless communications equipment manufacturing (1,466 jobs); audio and video equipment manufacturing (confidential); and search, detection, and navigation instruments manufacturing (confidential). The largest nonmanufacturing industries were wired telecommunications carriers (5,029 jobs); software publishers (3,098 jobs); and data processing and related services (3,062 jobs). These six industries made up 51.4 percent of information technology employment in March Within the information technology industry cluster, the data processing and related services subsector gained the most jobs over the year in March 2015 (+382 jobs, percent). The subsector losing the most jobs over the year in the cluster was broadcast and wireless communications equipment ( 310 jobs, 17.5 percent). Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, Quarterly Census of Employment and Wages Program (QCEW). The 2014 average annual wage for workers in the information technology industry was $86,714, exceeding Broward County s total average annual wage for all industries ($47,003) by 84.5 percent. This gap has narrowed slightly since 2013, when the 2

4 information technology average annual wage exceeded the average annual wage for all industries by 86.7 percent. Information technology s average annual wage increased more than the average annual wage for all industries over the year but it grew at a slower rate. The average annual wage increased by $1,575 (+1.8 percent); while for all industries it grew by $1,404 (+3.1 percent). Other communication and energy wire manufacturing had the highest average annual wage in information technology (confidential). Fiber optic cable manufacturing had the lowest average annual wage in 2014 (confidential). Thirty one information technology subsectors had average annual wages that exceeded the wage for all industries in Broward County ($47,003). Twenty two information technology subsectors had annual wages greater than $60,000. Compared to the average annual wage for all industries in 2014, most information technology subsectors had relatively high average annual wages. All Education and Training Levels Top Occupations in the For All Training Levels Broward County 2015 % of Average Employment Change Industry Hourly Training Occupation Title Total Percent Total Wage Requirement Total, All Information Technology Occupations 31,031 33,799 2, Telecommunications Equipment Installers and Repairers, Except Line Installers 2,196 2, $26.07 PSAV Certificate Computer Programmers 1,523 1, $34.12 PSAV Certificate Software Developers, Applications 1,391 1, $43.18 Associate degree Electrical and Electronic Equipment Assemblers 1,094 1, $14.76 PSAV Certificate Computer User Support Specialist $21.79 PSAV Certificate Computer Systems Analyst $38.33 Associate degree Computer Network Architects $36.43 PSAV Certificate Software Developers, Systems Software $41.88 Bachelor's degree Telecommunications Line Installers and Repairers $19.54 PSAV Certificate Network and Computer Systems Administrators $39.54 Associate degree Computer and Information Systems Managers $68.60 Bachelor's degree Computer Network Support Specialist $27.26 PSAV Certificate Industrial Engineers $36.57 Bachelor's degree Web Developers $27.41 PSAV Certificate Electronics Engineers, Except Computer $38.95 Bachelor's degree Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, Long Term Projections Program, forecast to Forecasts to the year 2022 assume continued economic recovery. 3

5 IT occupations can be found in many non IT industries and this results in the sum of IT occupational employment exceeding the IT industry cluster total employment for Broward County. The 15 largest information technology occupations comprise about 37 percent of the total employment for IT occupations. Nine of the fifteen largest occupations are computer and mathematical occupations. The largest occupation in the information technology industry cluster in 2014 is telecommunications equipment installers and repairers, except line installers, which has an average wage of $26.07 per hour. Among the fifteen largest occupations, hourly wages range from a high of $68.60 for computer and information systems managers to a low of $14.76 for electrical and electronic equipment assemblers. Thirteen of the fifteen largest occupations have an average wage greater than $20.00 per hour. Twelve of the fifteen largest occupations are projected to increase in employment through Software developers, applications are projected to gain the most jobs (+303 jobs) and grow the fastest ( percent) of all of the top 15 information technology specific occupations from 2014 to Three of the 15 occupations are projected to lose employment, with industrial engineers losing the most ( 10 jobs, 3.28 percent). Higher wages are found in occupations with greater training requirements. 4

6 Bachelor s Degree Top Occupations in the That Require 4-Year Degree or Higher Broward County 2015 % of Average Employment Change Industry Hourly Training Occupation Title Total Percent Total Wage Requirement Total, All Information Technology Occupations 31,031 33,799 2, Software Developers, Systems Software $41.88 Bachelor's degree Computer and Information Systems Managers $68.60 Bachelor's degree Accountants and Auditors $34.07 Bachelor's degree Management Analysts $36.45 Bachelor's degree Industrial Engineers $36.57 Bachelor's degree Electronics Engineers, Except Computer $38.95 Bachelor's degree Sales Managers $65.80 Bachelor's degree Market Research Analysts and Marketing Specialists $28.43 Bachelor's degree Training and Development Specialists $31.07 Bachelor's degree Financial Analysts $38.30 Bachelor's degree Electrical Engineers $41.62 Bachelor's degree Sales Engineers * Bachelor's degree Mechanical Engineers $36.36 Bachelor's degree Technical Writers $31.75 Bachelor's degree Computer Hardware Engineers $56.70 Bachelor's degree * Confidential Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, Long Term Projections Program, forecast to Forecasts to the year 2022 assume continued economic recovery. Approximately 9.8 percent of the jobs in information technology are concentrated in the 15 largest high skill occupations in this industry. Average hourly wages for the top 15 high skill information technology occupations range from a high of $68.60 for computer and information systems managers to a low of $28.43 for market research analysts and marketing specialists. All fourteen of the nonconfidential high skill information technology occupations have an average wage greater than $20.00 per hour. Twelve of the fifteen largest high skill occupations are projected to gain employment through Software developers, systems software are projected to gain the most jobs (+101 jobs) and market research analysts and marketing specialists are projected to grow the fastest ( percent) of all of the top 15 high skill information technology occupations from 2014 to Three of the top 15 high skill information technology occupations are projected to lose employment from 2014 to 2022, with industrial engineers losing the most ( 10 jobs, 3.28 percent). 5

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