IndianaLife&Sciences& Talent&and&Workforce ... · Innova&ng(Tomorrow’s(EconomicLandscape(Results&from&Indiana& HealthandLifeSciences Workforce&Study&& April!2016

Indiana Life Sciences Talent and Workforce: Developing Strategies To

Compete In A Global Economy April 28, 2016

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David Johnson President & CEO

Central Indiana Corporate Partnership and BioCrossroads

Mitch Horowitz Principal Managing Director TEConomy Partners, LLC

Innova&ng Tomorrow’s Economic Landscape

Results from Indiana Health and Life Sciences

Workforce Study April 2016


The UlImate CompeIIon is for “Talent” •  The availability and quality of talent is a criIcal compeIIve factor in today’s innovaIon-‐driven economy.

•  For the health and life sciences industry – the most R&D intensive in the U.S. – need to recognize: §  Specialized knowledge needed § Diversity of skills § Diversity of industry sub-‐sectors

•  For Indiana, past talent studies suggest that the health and life sciences industry stands out in having higher skill demands than found naIonally – unlike most industry secIons -‐-‐ led by the biopharmaceuIcal industry.

•  But serious concerns about meeIng a “rising skill level” as technology advances

PWC reported that 51 percent of life science execuIves – the largest share among 19 industries interviewed – reported hiring to be more difficult than before, with just 28 percent expressing confidence they would have access to needed talent.

PwC 15th Annual Global CEO Survey, 2012


Project ObjecIve

Develop a fact-‐based understanding of the demand and supply of life sciences workers in Indiana, and the factors shaping how demand and supply can be more closely linked.

Address key quesIons:

• What workers with what skills will be needed?

• What is the supply and capacity to generate talent in Indiana today?

• Where are the major gaps relaIve to demand and supply for today and looking forward?

• What should we do?

Business SensiIve

The Health & Life Science Industry Defined

In this study the industry includes:

The Industrial Life Sciences spanning:

•  BiopharmaceuIcals •  Medical Devices •  Agbiosciences

And Health Services which includes hospitals, outpaIent centers, medical and diagnosIc labs, home healthcare services, and nursing and residenIal care faciliIes.

Innova&ng Tomorrow’s Economic Landscape Innova&ng Tomorrow’s Economic Landscape

Health and Life Sciences Stands Out as a Major Economic Driver for Indiana


And an Economic Driver, with a Broad Mix of Skill Needs

High School or No Formal EducaIon

•  Machinists •  Home health aides •  Pharmacy Technicians •  Assemblers

Associate’s Degree

•  Respiratory therapists •  Cardiovascular

technician •  Web developer •  Ag & Food Science

Technicians

Bachelor’s Degree

•  Biomedical, Mechanical engineers

•  Registered nurses •  So]ware app developer •  Biological technicians

Master’s Degree

•  Epidemiologists •  Nurse pracIIoner •  OccupaIonal therapists •  StaIsIcians

Doctoral or Professional Degree

•  Biochemists •  Physicians •  Medical scienIsts •  Physical therapists


Higher average wages even for much of the lower and middle skill health and life sciences occupaIons.


ReflecIng the Health and Life Sciences Robust Growth, Nearly all Indiana Life Sciences OccupaIons are Growing

and Many Outpacing NaIonal Job Growth

Business SensiIve

Employment Trends in Major Life Sciences OccupaIonal Groups, 2010-‐14

Source: Ba:elle analysis of Bureau of Labor Sta&s&cs, Occupa&onal Employment Sta&s&cs.


Future Looks Bright … Survey of Health and Life Science Employers

15% increase in overall health and life science jobs expected over next two years, based on survey results covering seven large industrial life science firms, represenIng 41% of the

industry, and two large hospital systems.

Manufacturing and producIon

MarkeIng and sales

Clinical trials coordinators

Medical/clinical lab techs Research techs Engineers

Strong growth expected in a broad range of occupaIons:


Projected Demand Also Strong Led by Requirement for More “Replacements” due to Aging Workforce

Business SensiIve

IN Life Science OccupaIons: Projected Annual Employment Needs, 2012-‐22

Overall Economy Expected to See: 66% Replacement vs. 34% New

Source: Ba:elle analysis of Occupa&onal Employment Projec&ons, Indiana Dept. of Workforce Development. Data not shown for Skilled Produc&on & Support as employment levels are much higher and distort analysis of other life sciences occupa&onal groups.


Robust generaIon of talent across IN colleges and universiIes

Indiana Postsecondary Degree Graduates in Fields Most Aligned with Health & Life Sciences-‐related OccupaIons, 2014

Change in Indiana Graduates in Fields Most Aligned with Health & Life Sciences-‐related OccupaIons, 2010-‐14


But Concerns about “Supply” of Talent Afer AdjusIng for OutmigraIon of Graduates

Data from Indiana Network of Knowledge tracking college graduate employment suggests “lack of sIckiness” though other comparaIve state data not available

Result is that there are substanIal skill shortages expected in nearly all life science fields


Broad Concerns Raised by Health and Life Science Employers on Challenges Ahead Suggests the Need

for a Comprehensive Approach

Broad Concerns Comprehensive Approach


Strategic Priority Area: Ensuring a Strong FoundaCon of K-‐12 STEM Skills

The Building Blocks for Future AcIons: Indiana’s Ongoing Efforts •  Student & Professional In-‐School STEM Development •  STEM-‐related Out-‐of-‐School Development •  STEM Teacher Recruitment •  STEM Mentoring Program Addressing Indiana’s Unmet Strategic Needs: Drawing on NaIonal Best PracIces and Industry Insights •  A renewed and comprehensive call to acIon and dedicaIon of resources for STEM

educaIon by the State of Indiana •  Increasing the outreach to diverse student populaIons to engage them

more fully in STEM educaIon •  Befer link STEM educaIon to awareness of health and life science careers •  Place-‐based customized training


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Strategic Priority Area: Fostering Post-‐Secondary Health and Life Science Talent GeneraCon

The Building Blocks for Future AcIons: Indiana’s Ongoing Efforts •  Life Science Career Awareness •  Specialized, Applied Life Science Degree Programs •  Nursing EducaIon & Training Partnerships

Addressing Indiana’s Unmet Strategic Needs: Drawing on NaIonal Best PracIces and Industry Insights •  Scaling up school-‐to-‐career transiIons •  Advancing opportuniIes for targeted courses, cerIficates and career-‐focused

degrees for life sciences •  For healthcare professionals, beyond new educaIonal program acIviIes at the

post-‐secondary level, there is a need for public policies to make sure nursing specialists and physician assistants are working at the “top of their license”

•  Improving alignment of engineering student design projects, cooperaIve, internship, and other experienIal learning and professional opportuniIes with the life sciences.


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Strategic Priority Area: Upgrading the Skills of Indiana’s Incumbent Health and Life Sciences Workforce

The Building Blocks for Future AcIons: Indiana’s Ongoing Efforts •  ConInuing EducaIon Programs with Industry Partners

Addressing Indiana’s Unmet Strategic Needs: Drawing on NaIonal Best PracIces and Industry Insights •  Establishing a statewide iniIaIve that connects colleges and universiIes to address

the technical and so] skill requirements of advancing technologies and changing workplaces

•  Create incenIves and funding mechanisms for industry to place a priority on exisIng workforce skill upgrading


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Strategic Priority Area: Raising Indiana’s Ability to APract and Retain Top health and Life Science Talent

The Building Blocks for Future AcIons: Indiana’s Ongoing Efforts •  ConnecIng Students to Careers •  Expanding Research, EducaIon & Career OpportuniIes for Top Talent

Addressing Indiana’s Unmet Strategic Needs: Drawing on NaIonal Best PracIces and Industry Insights •  Establish incenIves for afracIng high-‐skilled life science innovaIon talent to

Indiana to raise the state’s visibility •  CreaIng translaIonal life science research connecIons for Indiana graduate student

scienIsts and engineers with Indiana clinicians •  Focus on place-‐making acIviIes to afract and retain talent


Thank you … Now for the Panel Discussion

Innovating Tomorrow’s Economic LandscapeTEConomy Partners is a global leader in research, analysis and strategy forinnovation-‐based economic development. Today we’re helping nations,states, regions, universities, and industries blueprint their future and

translate knowledge into prosperity.

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Mitch Horowitz Principal & Managing Director

TEConomy Partners, LLC. 240.462.5456

[email protected]

InnovaIng Tomorrow’s Economic Landscape TEConomy Partners is a global leader in research, analysis and strategy for innovaIon-‐based economic development. Today we’re helping naIons, states, regions, universiIes, and industries blueprint their future and

translate knowledge into prosperity.

Bill Stephan Vice President for Engagement, Indiana University

Dan Peterson Vice President of Industry and Government Affairs, Cook Group Incorporated

David Johnson President & CEO, Central Indiana Corporate Partnership and BioCrossroads

Panel

Moderator

Douglas J. Leonard President, Indiana Hospital AssociaIon

Bridget Boyle Vice President and Site Head Human Resources, Roche DiagnosIcs

@CookMedical @IHAConnect @IndianaUniv

@BioCrossroads @RocheDiaUSA #talentattraction #workforcedevelopment

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IndianaLife&Sciences& Talent&and&Workforce ... · Innova&ng(Tomorrow’s(EconomicLandscape(Results&from&Indiana& HealthandLifeSciences Workforce&Study&& April!2016