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
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 1981. 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 2015. 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).
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 2015. 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, +14.3 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
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 2014 2022 Total Percent Total Wage Requirement Total, All Information Technology Occupations 31,031 33,799 2,768 8.92 Telecommunications Equipment Installers and Repairers, Except Line Installers 2,196 2,294 98 4.46 7.08 $26.07 PSAV Certificate Computer Programmers 1,523 1,596 73 4.79 4.91 $34.12 PSAV Certificate Software Developers, Applications 1,391 1,694 303 21.78 4.48 $43.18 Associate degree Electrical and Electronic Equipment Assemblers 1,094 1,166 72 6.58 3.53 $14.76 PSAV Certificate Computer User Support Specialist 870 992 122 14.02 2.80 $21.79 PSAV Certificate Computer Systems Analyst 819 919 100 12.21 2.64 $38.33 Associate degree Computer Network Architects 587 700 113 19.25 1.89 $36.43 PSAV Certificate Software Developers, Systems Software 568 669 101 17.78 1.83 $41.88 Bachelor's degree Telecommunications Line Installers and Repairers 437 430-7 -1.60 1.41 $19.54 PSAV Certificate Network and Computer Systems Administrators 417 479 62 14.87 1.34 $39.54 Associate degree Computer and Information Systems Managers 403 450 47 11.66 1.30 $68.60 Bachelor's degree Computer Network Support Specialist 347 369 22 6.34 1.12 $27.26 PSAV Certificate Industrial Engineers 305 295-10 -3.28 0.98 $36.57 Bachelor's degree Web Developers 301 341 40 13.29 0.97 $27.41 PSAV Certificate Electronics Engineers, Except Computer 202 194-8 -3.96 0.65 $38.95 Bachelor's degree Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, Long Term Projections Program, forecast to 2022. Forecasts to the year 2022 assume continued economic recovery. 3
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 2022. Software developers, applications are projected to gain the most jobs (+303 jobs) and grow the fastest (+21.78 percent) of all of the top 15 information technology specific occupations from 2014 to 2022. 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
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 2014 2022 Total Percent Total Wage Requirement Total, All Information Technology Occupations 31,031 33,799 2,768 8.92 Software Developers, Systems Software 568 669 101 17.78 1.83 $41.88 Bachelor's degree Computer and Information Systems Managers 403 450 47 11.66 1.30 $68.60 Bachelor's degree Accountants and Auditors 382 422 40 10.47 1.23 $34.07 Bachelor's degree Management Analysts 317 361 44 13.88 1.02 $36.45 Bachelor's degree Industrial Engineers 305 295-10 -3.28 0.98 $36.57 Bachelor's degree Electronics Engineers, Except Computer 202 194-8 -3.96 0.65 $38.95 Bachelor's degree Sales Managers 139 157 18 12.95 0.45 $65.80 Bachelor's degree Market Research Analysts and Marketing Specialists 131 169 38 29.01 0.42 $28.43 Bachelor's degree Training and Development Specialists 128 149 21 16.41 0.41 $31.07 Bachelor's degree Financial Analysts 122 120-2 -1.64 0.39 $38.30 Bachelor's degree Electrical Engineers 88 88 0 0.00 0.28 $41.62 Bachelor's degree Sales Engineers 76 80 4 5.26 0.24 * Bachelor's degree Mechanical Engineers 60 60 0 0.00 0.19 $36.36 Bachelor's degree Technical Writers 58 64 6 10.34 0.19 $31.75 Bachelor's degree Computer Hardware Engineers 58 68 10 17.24 0.19 $56.70 Bachelor's degree * Confidential Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, Long Term Projections Program, forecast to 2022. 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 2022. 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 (+29.01 percent) of all of the top 15 high skill information technology occupations from 2014 to 2022. 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