Medical Workers - Jobs in San Diego

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1 Metro Economic Outlook: San Diego High tech, health care and military operations are the anchors for the San Diego region s economy, and the success of those industries has helped drive down the local unemployment rate in recent years. However, the need for highly-skilled workers to staff the payrolls in those sectors has created some heavy competition for talent in the San Diego area, said Tina Ngo Bartel, director of research with the San Diego Workforce Partnership (SDWP), a non-profit that funds job training and conducts research on the local economy. Demand for those workers has also resulted in wage wars between companies, particularly those who belong to STEM (science, technology, engineering Unemployment rate Source: Bureau of Labor Statistics (September 2015) and mathematics) industries, Ngo Bartel said. SAN DIEGO METRO: : VITAL STATS Total working age population: 2,027,391 out of a total population of 3,263,431 Number of households: 1,100,858 Consumer price index: (goods and services that cost $100 in cost $ in 1 st half of 2015) Percentage of local residents with bachelor s degrees: 23.3 With graduate or professional degrees: 13.8 Student concentration: 93.4 college students per 1,000 residents Sources: Census Bureau (2014), Bureau of Labor Statistics (1 st half of 2015), American Institute for Economic Research (2014) It s happening quite a bit in life sciences, information technology and aerospace, she said. Aerospace in particular is having a lot of difficulty. Their workforce is aging, and the positions need security clearances, plus plenty of experience. It s putting some employers at risk. Demand for top aerospace talent isn t expected to go away soon. Production of unmanned aerial vehicles (UAV), sometimes referred to as drones, is responsible for nearly $2.3 billion in direct and related economic activity locally, according to a report commissioned by the San Diego North Chamber of Commerce. The UAV industry also supports more than 7,000 local jobs, and global demand for UAVs is expected to reach $12 billion by 2019, according to the chamber s report. Unemployment and most CPI data updated monthly. Other data updated once annually as it becomes available.

2 The San Diego metropolitan area covers San Diego County and includes the cities of Carlsbad, San Marcos and Chula Vista. The area s military/industrial complex contributes $28 billion annually to the local economy and employs nearly 25 percent of the region s labor force, according to a study by the nonprofit San Diego Military Advisory Council. Construction Mining and logging Manufacturing Trade, transportation and utilities Information Financial activities Professional and business services Education and health services Leisure and hospitality Other services Government Total nonfarm Labor force makeup Source: Bureau of Labor Statistics (January 2015) ,000 1,500 Number in thousands 171 veterans in jobs since its inception in And one local program creates job opportunities specifically for veterans in the San Diego region. Workshops for Warriors, which serves post-9/11 veterans aged 22 to 35, provides training in machining, welding and related fields. It has placed It s a successful program that has backing from the private sector, Ngo Bartel said. They focus on very specialized skill sets. There aren t many kids coming out of high school that are taking these types of jobs, so this program addresses those needs. Working age categories 175,138, 9% 272,244, 13% 197,192, 1 20 to 24 High tech, tourism and the sports and active lifestyle sector are also significant contributors to the San Diego region s fiscal health The sports/active lifestyle industry alone has a $1.3 billion annual impact on the local economy, Ngo Bartel said. 426,577, 21% 429,612, 21% 526,628, 26% 25 to to to to to 64 Some of San Diego s major private sector employers include technology development and communications company Qualcomm, government contractor and scientific interest SAIC, and NASSCO, a division of General Dynamics that designs and manufactures vessels for the Navy. Source: Census Bureau (2014) 2

3 Employee Benefits Data 25% 2 15% 1 5% Employers offering consumer-driven health plans 2 2 Employers in the San Diego metro area offer consumer-driven health plans at the same rate as the national level Employers offering domestic partner benefits 48% 9 They are substantially more likely to offer domestic partner benefits, by a 42 percent margin above the national level. Source: SHRM Health Care Benefits Database (2014) Retirement Employee 401(k) participation rate % 53% The rate of 401(k) participation in the San Diego metro area s workforce is lower than the national level, by a margin of 9 percent. 2 1 Source: SHRM Retirement & Welfare Benefits Database (2013) 3

4 Income and Turnover Data 2 15% 1 17% Overall turnover rate 19% The turnover rate in the San Diego metro area s workforce is slightly higher than the national level, by a margin of 2 percent. 5% Source: SHRM Human Capital Database (2014) $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $0 Median household income $66,192 $53,657 Median household income in the San Diego metro area is moderately higher than the national level, by more than $12,000 annually. Source: Census Bureau (2014) $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $0 Per capita income $31,770 $28,889 Per capita income in the San Diego metro region is slightly higher than the national level, by nearly $3,000 annually. Source: Census Bureau (2014) 4

5 Top Management Salaries Data Median salaries, top management *Top legal executive *Chief information officer *Top HR executive *Chief financial officer $282,700 $305,400 $287,500 $264,300 $272,000 $265,200 $355,900 $344,400 Median salaries for top management positions in the San Diego metro area are typically higher than national levels. *California state median data Chief executive officer $696,300 $618,400 $0 $200,000 $400,000 $600,000 $800,000 Source: Towers Watson Data Services 2014 Survey Report on Top Management Compensation Project lead: Joseph Coombs, Senior Analyst, Workforce Trends, SHRM Project contributors: Alexander Alonso, Ph.D., SHRM-SCP, VP of Research; Jennifer Schramm, M. Phil., SHRM-SCP, Manager, Workforce Trends External contributors: Tina Ngo Bartel, San Diego Workforce Partnership Copy editing: Katya Scanlan, copy editor This report is published by the Society for Human Resource Management (SHRM). All content is for informational purposes only and is not to be construed as a guaranteed outcome. SHRM cannot accept responsibility for any errors or omissions or any liability resulting from the use or misuse of any such information Society for Human Resource Management. All rights reserved. Printed in the United States of America. These materials and the data contained within them are copyrighted by SHRM, another copyright holder (where noted), or are government-owned. SHRM hereby grants permission for users to copy and use these materials and the data contained within them only if proper attribution is given to SHRM (or the noted copyright holder) as the source of the material. For more information, please contact: SHRM Research Department SHRM Human Capital Database 1800 Duke Street, Alexandria, VA 22314, USA Phone: (703) Fax: (703) SHRM Compensation Data Center SHRMResearch@shrm.org Web: 5