Montgomery County Montgomery County Workforce Trends, Workforce Trends, Challenges, and Challenges, and

InnovationsInnovationsJane Dockery April 11, 2012Associate Director

We know Education Pays…We know Education Pays…

The Proportion of Jobs Requiring a The Proportion of Jobs Requiring a Degree has IncreasedDegree has Increased

In 2002, 35% of jobs required a degreeBy 2020, 46% of jobs will require a degree

By 2018, 63 percent of jobs will require a four-year college degree, an associate’s degree or a post-high school credential

Annual Supply and Demand is MismatchedAnnual Supply and Demand is Mismatched(a.k.a. opportunities are being missed in Southwest Ohio)(a.k.a. opportunities are being missed in Southwest Ohio)

State & Regional demand metState & Regional demand metState & Regional demand not metState & Regional demand not met

Gaps > 100 are shown

Note about Nursing: Industry changes are requiring bachelor degree RN’s, which could result in undersupply

Supply and Demand Example:Supply and Demand Example:Computer ScienceComputer Science

Regional Growth Rate State Growth Rate National Growth Rate

2010 County, State, Nation2010 County, State, NationEducational Attainment ComparisonEducational Attainment Comparison

Percentage with Percentage with “some college” may “some college” may be an opportunitybe an opportunity

Demand for High-Skilled Workforce is Up, Demand for High-Skilled Workforce is Up, the Gaps are Wide, while most LIYA the Gaps are Wide, while most LIYA (low (low

income young adults)income young adults) are MIA are MIA

What are we doing about it?What are we doing about it?Occupational Analysis helped shape Workforce Occupational Analysis helped shape Workforce

Strategy in Advanced ManufacturingStrategy in Advanced Manufacturing

• Montgomery County investment in Composite Training was a boost to local companies and to the National Composite Center in Kettering.

Regional job growth rate is 3% versus -2% for U.S.

Economic Development helped shape Economic Development helped shape Workforce Strategy for Workforce Strategy for

Transportation and LogisticsTransportation and Logistics• Montgomery County works on expanding the

transportation and logistics industry.• The County worked with higher ed toward a

supply chain education pathway. o The region now has an associate’s degree that transfers

into a bachelor’s program, to a master’s program.o The County now hosts Caterpillar and Payless Distribution

Center. Combined, these two centers provide about 900 jobs in the region.

SummarySummaryThe Trends:•Well-paying jobs require more education.•More advanced degrees = lower unemployment rates.The Challenges:•Many low income young adults are not graduating with degrees.•Career guidance used to be laid out by large employers; now it’s done haphazardly.•In this fast-paced economy, it is hard for employers to forecast job needs and to give higher ed the lead-time to respond.Innovation:•Employer driven workforce development, in partnership with business development professionals, pays dividends to the region.