Sept. 22, 2016
Annual Meeting
Vision:
All Greater Peninsula businesses have access to world
class talent.
Our Mission:
The Peninsula Council strives to provide human capital
solutions through creative funding strategies and viable
partnerships to keep our region globally competitive and
economically strong.
Agenda
Welcome and Recognition
Breakfast
Agenda
Year In Review
State of Workforce Update
Special Presentations
Adjournment
Year In Review
Desired Outcomes
 Incumbent Talent Development
 Emerging Talent Development
 Partnerships
Agenda
State of Workforce Update
230,000
228,000
226,000
224,000
222,000
220,000
218,000
216,000
214,000
212,000
Data Source: Bureau of Labor Statistics
3000
2,707
2500
2000
1,681
1500
1,167
1000
500
0
46
-112
-500
-1000
-1,144
-1500
-2000
-1,782
-2500
Data Source: Virginia Employment Commission
1200
1,114
938
1000
800
622
565
600
400
200
75
13
0
-200
-400
-600
-800
-601
Data Source: Virginia Employment Commission
0%
5%
10%
15%
12.6%
13.8%
Health Care & Social Assistance
6.4%
Manufacturing
13.3%
11.6%
12.7%
Retail Trade
8.9%
Accommodation & Food Services
Educational Services
6.5%
6.9%
Public Administration
Prof., Scientific, & Tech. Serv.
5.7%
6.2%
5.5%
Admin.e & Support & Waste Mgmt.
4.0%5.2%
Construction
Arts, Entertainment, & Recreation
Other Services (except Public…
Transportation & Warehousing
Wholesale Trade
Real Estate & Rental & Leasing
Mgmt. of Companies & Enterprises
Finance & Insurance
1.7% 3.5%
3.7%
2.7%
3.6%
2.6%
2.9%
1.8%
1.4%
1.8%
1.9%
1.6%
1.5% 3.5%
Data Source: Virginia Employment Commission
11.1%
9.6%
9.8%
Virginia
10.9%
Greater
Peninsula
$0
$500
$1,000
$1,500
$2,000
Mgmt. of Companies & Enterprises
Prof., Scientific, & Tech. Serv.
$1,427
$1,168
$1,386
Manufacturing
$1,411
$1,256
$1,676
$1,169
Public Administration
Finance & Insurance
$1,116 $1,538
$1,110
$1,010
Wholesale Trade
Construction
$1,012
$944
$919$1,145
Health Care & Social Assistance
Real Estate & Rental and Leasing
$1,025
$844
$846
$810
Transportation & Warehousing
Educational Services
Admin. & Support & Waste Mgmt.
Other Services (except Public…
Retail Trade
Arts, Entertainment, & Recreation
Accommodation & Food Services
$580$797
$553 $843
$564
$491
$590
$452
$367
$342
Data Source: Virginia Employment Commission
$2,500
$2,087$2,371
$2,066
Virginia
Greater
Peninsula
3500
3,106
3000
2500
2000
1500
1,487
1000
650
500
532
0
-181
-500
-1000
-949
-1500
Healthcare Manufacturing
Accom. &
Food Serv.
Arts, Ent., &
Rec.
Data Source: Virginia Employment Commission
Finance &
Insurance
Construction
1,500
1,226
1,000
1,055
489
500
63
0
-68
-500
-1,000
-1,500
-1,556
-2,000
Accom. &
Food Serv.
Healthcare
Arts, Ent., &
Rec.
Construction
Data Source: Virginia Employment Commission
Finance &
Insurance
Manufacturing
600
518
400
200
0
-200
-400
-436
-600
Transportation & Warehousing
Professional & Technical Services
Data Source: Virginia Employment Commission
500
471
450
400
350
300
250
224
200
150
100
50
0
Transportation & Warehousing
Professional & Technical Services
Data Source: Virginia Employment Commission
•
Employment Location Quotient (LQ Employment): Measures the
degree to which a region has an employment concentration
within a specific industry relative to the statewide norm.
•
Establishment Location Quotient (LQ Establishments): Measures
the degree to which a region concentrates within a specific
industry based on number of local establishments relative to the
statewide norm.
•
Relative Earnings Ratio (REratio): Measures average pay within
the industry relative to average pay within the region.
•
Growth in Industry Pay Relative to Region Pay (RREratio):
Measures growth in industry pay between 2006 and 2011
relative to growth in region pay between 2006 and 2011.
•
Change in Importance of Industry ( Indust): Measures change
in the proportion of regional employment accounted for by the
industry between 2006 and 2011.
•
Proportion of Industry Output Exported (% Output Exp): Measures
the proportion of an industry’s output that is exported out of the
region.
•
Industry Exports as a Proportion of Regional Exports (% Reg Exp):
Measures the industry’s exports as a proportion of total regional
exports.
•
Type 1 Multiplier Ratio (Multiplier): Measure the industry’s Type 1
Multiplier relative to the regional average, which in this case is
1.238. Type 1 Multipliers measure the economic ripple, or
Keynesian multiplier, effects that an industry has on the regional
economy.
•
Employment Growth Ratio ( Nat. Emp): The industry’s
nationally projected annual employment growth between 2010
and 2020 as a proportion of projected total annual employment
growth.
•
Output Growth Ratio ( Nat. Output): The industry’s nationally
projected annual output growth between 2010 and 2020 as a
proportion of projected total annual output growth.
2.60
2.40
2.41
2.20
2.00
1.80
1.60
1.40
1.26
1.20
1.11
1.00
Manufacturing
Mgmt. of
Companies &
Enterprises
Real Estate &
Rental & Leasing
1.08
1.01
Health Care & Arts, Entertainment,
Social Assistance
& Recreation
1.0
1.1
1.2
1.3
1.4
1.5
Securities & Other Finance
1.60
Beverage & Tobacco Manuf.
1.49
Computer & Electronic Manuf.
1.40
Accommodation
1.34
Ambulatory Health Care Serv.
1.33
Fabricated Metal Manuf.
1.27
Scenic & Sightseeing Trans.
Machinery Manuf.
Hospitals
Food Manuf.
1.6
1.23
1.12
1.09
1.08
1.7
• Compares the occupation-driven demand for
graduates in the Greater Peninsula with the pipeline
of graduates from regional postsecondary
education institutions to identify areas of potential
unmet need.
• Demand for graduates is based on VEC’s current
2012 to 2022 occupational employment projection
for the Greater Peninsula.
• Supply of graduates is based on 2013-14
completions data from the National Center for
Education Statistics’ IPEDS Data Center for all
colleges and universities within the Greater
Peninsula and Norfolk.
Occupation
Bill and Account Collectors
Avg.
Annual
Open.
Annual
Wage
Degree
Req.
% of Need
Met
7
$32,327
HS
0%
27
$24,441
<HS
0%
8
$81,342
MA
0%
12
$47,989
Some
College
0%
Loan Interviewers and Clerks
2
$30,240
Assoc
0%
New Accounts Clerks
3
$34,471
HS
0%
Cooks, Institution and Cafeteria
Environmental Engineers
Executive Secretaries and
Executive Administrative
Assistants
Occupation
Avg.
Annual
Open.
Annual
Wage
Degree
Req.
% of Need
Met
Secretaries and Administrative
Assistants, Except Legal, Medical,
and Executive
64
$31,050
HS
0%
Tellers
32
$27,646
HS
0%
8
$57,470
BA
5%
Bookkeeping, Accounting, and
Auditing Clerks
59
$34,262
HS
21%
Payroll and Timekeeping Clerks
9
$39,044
HS
21%
135
$23,323
HS
22%
Career/Technical Education
Teachers, Secondary School
Nursing Assistants
Occupation
Avg.
Annual
Open.
Annual
Wage
Degree
Req.
% of Need
Met
Nurse Practitioners
11
$93,782
MA
27%
Correctional Officers and Jailers
22
$36,307
HS
30%
3
$93,644
BA
32%
22
$57,120
BA
32%
5
$50,013
BA
32%
75
$23,975
Some
College
32%
Human Resources Managers
Training and Development
Specialists
Compensation, Benefits, and Job
Analysis Specialists
Teacher Assistants
Dr. A. Fletcher Mangum
President
804-346-8446
[email protected]
Special Presentations
Workforce Excellence Awards
 Talent Development
 One Stop Partner Collaboration
Special Presentations
https://special presentation 1
Special Presentations
Workforce Excellence Award
Presented to:
BAYPORT CREDIT UNION
for
Talent Development
Special Presentations
http://special presentation 2
Special Presentations
Workforce Excellence Award
Presented to:
SUMMER TRAINING AND
ENRICHMENT PROGRAM
for
Talent Development
Special Presentations
Workforce Excellence Award
Presented to:
AARP/SCSEP
for
One Stop Partner Collaboration
Thank you!