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Targets of Opportunity and Growing Occupations College of the Redwoods August 2008. What industries should we focus on? Targets of Opportunity. Five quality factors identify Targets of Opportunity. Six Targets of Opportunity. Diversified Health Care. - PowerPoint PPT Presentation
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Targets of Opportunity and Growing Occupations
College of the Redwoods August 2008
What industries should we focus on? Targets of Opportunity
Five quality factors identify Targets of Opportunity
CRITERIA INTERPRETATION
Expanding Opportunity
Job GrowthFirm Growth
Growing Quality
Job Quality…higher and increasing wages
Improving Competitiven
ess
Strong and/or growing regional specialization
Career Potential
Occupational dynamics and distribution
Key LinkagesImportant relationships and common needs
Six Targets of Opportunity
Diversified Health Care
Building and Systems Construction and Maintenance
Specialty Agriculture, Food, and Beverage
Investment Support Services
Management and Innovation Services
Niche Manufacturing
How much do the Targets matter?
Criteria Region TargetsJob growth 4% 37%Firm growth 1.5% 23%Wage growth 6% 10-26%
Together, the Targets of Opportunity Industries contributed 39% of the jobs and 53% of the wages in the region’s private sector over the last 15 years.
All 6 Targets of Opportunitydemonstrate a compelling trend
Targets Jobs Firms WagesDiversified Health Care 45% 34% 26%
Building Systems 22% -4% 14%
Specialty Food, Flowers and Beverages
33% 11% 25%
Investment Support Services
14% 22% 23%
Management & Innovation Services
125% 80% 10%
Niche Manufacturing 33% 19% 25%
A sustained, structural shift in our economy.
GROWING OCCUPATIONS:New and Replacement Jobs
Redwood Coast* Average Annual Job Opening ProjectionsNew Jobs and Net Replacements**
Distribution by Lower, Mid, and Higher Wage Levels 2004-2014
1,414
811
328
417
438
238
-
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
Lower Wage Level ( < $25,000) Mid Wage Level ($25,000-$45,000) Higher Wage Level ( > $45,000)
Annual New Jobs
Annual Net Replacements
Source: Occupational Employment Statistics; Analysis: CEI*Includes Del Norte, Humboldt, Lake, and Mendocino Counties**Net Replacements openings are an estimate of the number of job openings expected because people have permanently left an occupation. It estimates the net movement of 1) experienced workers who leave an occupation & start working in another occupation, stop working altogether, or leave the geographic area minus 2) experienced workers who move into such an opening. It does not represent the total number of jobs to be filled due to the need to replace workers.
Total Job Openings1,831
Total Job Openings566
Total Job Openings1,249
ANNUAL JOB OPENING PROJECTIONS BY OCCUPATIONAL CATEGORIES
Redwood Coast* Annual Job Opening Projections New Jobs and Net Replacements, 2004-2014 Distribution by Major Occupational Categories
0 100 200 300 400 500 600
Legal
Computer & Mathematical
Architecture & Engineering
Life, Physical, & Social Science
Arts, Design, Entertainment, Sports, Media
Community & Social Services
Healthcare Support
Business & Financial Operations
Protective Service
Production
Healthcare Practitioners & Technical
Installation, Maintenance, & Repair
Farming, Fishing, & Forestry
Building, Grounds Cleaning, Maintenance
Personal Care & Service
Transportation & Material Moving
Management
Construction & Extraction
Education, Training, & Library
Office & Administrative Support
Food Preparation & Serving
Sales
Annual Net Replacements
Annual New Jobs
Source: Occupational Employment Statistics; Analysis: CEI*Includes Del Norte, Humboldt, Lake, and Mendocino Counties
GROWING OCCUPATIONS BY TARGET AREA
Diversified Health Care
Buildings & Systems
Construction & Maintenance
Specialty Agriculture, Food
& Beverages
Investment Support Services
Management & Innovation Services
Niche Manufacturing
Top 50 Occupations with Most Job Openings 2003-2006
12 10 8 5 4 2
Top 50 Projected Occupations with the Most Job Openings (New & Replacement Jobs) (2004-2014)
14 17 12 10 8 10
Redwood Coast Growing Occupations by Target Area
DIVERSIFIED HEALTH CARE
Diversified Health Care
LOWER WAGE LEVEL
MID WAGE LEVEL
HIGHER WAGE LEVEL
Less than a High School Diploma 19% 2% 0%High School Diploma (or GED) 55% 35% 4%Post-Secondary Certificate 8% 21% 11%Some College Courses 6% 15% 3%Associate's Degree 7% 9% 21%Bachelor's Degree 5% 11% 24%More than a Bachelor's Degree 1% 7% 37%
DIVERSIFIED HEALTH CARERequired Level of Education by Wage Level
BUILDING SYSTEMS & CONSTRUCTION MAINTENANCE
BUILDING SYSTEMS & CONSTRUCTION MAINTENANCE
LOWER WAGE LEVEL
MID WAGE LEVEL
HIGHER WAGE LEVEL
Less than a High School Diploma 28% 21% 7%High School Diploma (or GED) 54% 47% 32%Post-Secondary Certificate 4% 14% 23%Some College Courses 6% 8% 10%Associate's Degree 5% 5% 9%Bachelor's Degree 2% 4% 15%More than a Bachelor's Degree 0% 2% 5%
BUILDINGS & SYSTEMS CONSTRUCTION & MAINTENANCERequired Level of Education by Wage Level
SPECIALITY AGRICULTURE, FOOD & BEVERAGES
SPECIALITY AGRICULTURE, FOOD & BEVERAGES
LOWER WAGE LEVEL
MID WAGE LEVEL
HIGHER WAGE LEVEL
Less than a High School Diploma 37% 18% 1%High School Diploma (or GED) 53% 50% 22%Post-Secondary Certificate 3% 11% 15%Some College Courses 2% 10% 19%Associate's Degree 3% 5% 8%Bachelor's Degree 1% 5% 21%More than a Bachelor's Degree 2% 1% 15%
SPECIALTY AGRICULTURE, FOOD, & BEVERAGESRequired Level of Education by Wage Level
INVESTMENT SUPPORT SERVICES
INVESTMENT SUPPORT SERVICES
LOWER WAGE LEVEL
MID WAGE LEVEL
HIGHER WAGE LEVEL
Less than a High School Diploma 11% 2% 1%High School Diploma (or GED) 56% 40% 40%Post-Secondary Certificate 8% 13% 7%Some College Courses 17% 20% 18%Associate's Degree 6% 15% 10%Bachelor's Degree 0% 8% 20%More than a Bachelor's Degree 2% 2% 4%
INVESTMENT SUPPORT SERVICESRequired Level of Education by Wage Level
MANAGEMENT & INNOVATION SERVICES
MANAGEMENT & INNOVATION SERVICES
LOWER WAGE LEVEL
MID WAGE LEVEL
HIGHER WAGE LEVEL
Less than a High School Diploma 8% 2% 1%High School Diploma (or GED) 49% 29% 8%Post-Secondary Certificate 12% 13% 6%Some College Courses 18% 19% 7%Associate's Degree 11% 18% 7%Bachelor's Degree 0% 16% 41%More than a Bachelor's Degree 2% 2% 29%
MANAGEMENT & INNOVATION SERVICESRequired Level of Education by Wage Level
NICHE MANUFACTURING
NICHE MANUFACTURING
LOWER WAGE LEVEL
MID WAGE LEVEL
HIGHER WAGE LEVEL
Less than a High School Diploma 15% 4% 3%High School Diploma (or GED) 41% 50% 26%Post-Secondary Certificate 13% 9% 21%Some College Courses 14% 13% 17%Associate's Degree 18% 12% 18%Bachelor's Degree 0% 10% 14%More than a Bachelor's Degree 0% 0% 1%
NICHE MANUFACTURINGRequired Level of Education by Wage Level
Summary of Findings
6 high performing industries
53% of private sector payroll and almost 40% of jobs
Some familiar, some totally new industries for economic/workforce development to address
Demonstrated over a 15-year period that they have staying power
Sustained, structural shift in Redwood Coast economy
All counties share…it’s a regional economy
All industries pay above the median, and/or fast rising
All with appealing, robust career spans
Quality of Life key to attraction/retention
All report need for more workers and talent
Implications
How can we form a system of education and CTE that delivers the workforce needed in the Targets of Opportunity?
How can we develop an attitude of opportunity in our faculty, parents and youth?
Occupations of Opportunity Search Tool
Step 1: Gain an Understanding of Occupational Opportunities Based on Levels of Education
Step 2: Select Occupations of Interest
Step 3: Explore Profiles for Your Occupations of Interest Using O*NET
Step 1: Opportunities Based on Levels of Education
Buildings & Systems
Construction & Maintenance
Diversified Health Care
Investment Support Services
Management & Innovation
Services
Niche Manufacturing
Specialty Agriculture, Food
& Beverages
Less than a High School Diploma 19% 6% 4% 2% 5% 20%High School Diploma (or GED) 45% 30% 45% 22% 46% 46%Post-Secondary Certificate 14% 14% 10% 10% 11% 9%Some College Courses 8% 9% 19% 14% 14% 9%Associate's Degree (or other 2-year degree) 6% 12% 11% 12% 14% 5%Bachelor's Degree 5% 14% 9% 25% 9% 6%More than a Bachelor's Degree 2% 15% 3% 15% 0% 4%
Occupation Educational Requirements by Targets of Opportunity
Step 3: Explore details on ONET
Abilities Sample from ONET
Ability Ability LevelAdd 2 and 7Balance a checkbookCompute the interest payment that should be generated from an investment
Number Facility
Targets of Opportunity and Growing Occupations
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