north shore workforce investment board
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North Shore Workforce Investment Board. North Shore Labor Market Presentation 1/7/2013. WE PUT THE NORTH SHORE TO WORK -. NORTH SHORE Priorities. North Shore Workforce Investment Board One of 16 WIBS in Massachusetts Headquartered in Salem and serving 19 cities and towns north of Boston - PowerPoint PPT PresentationTRANSCRIPT
NORTH SHORE WORKFORCE INVESTMENT BOARD
North Shore Labor Market Presentation1/7/2013
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North Shore Workforce Investment Board
• One of 16 WIBS in Massachusetts• Headquartered in Salem and serving 19 cities
and towns north of Boston• Board is business led but includes other
members• Budget of about $6 million• Performs labor market research, manages
career centers• Provides funding for individuals (including
youth) and companies to address their workforce needs.
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The Environment… North Shore WIB Region
Oct-07 Jan-10 Oct-13
-Date of lowest unemployment rate
- Height of the recession
- Most recent month available
Unemployment Rate 3.80% 9.20% 6.60%
Number of employed residents 206,137 195,871 203,167
Number of Unemployed 8,135 17,448 14,313
UI Claimants 3,581 8,187 4,434
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North Shore Labor Force, Employment, and Unemployment 1/2011-10/2013
Year MonthLabor Force Employed Unemployed
North Shore Rate %
Massachusetts Rate %
2013 October 217,480 203,167 14,313 6.6% 7.2%
2013 July 221,122 206,161 14,961 6.8% 7.2%
2013 January 217,745 202,410 15,335 7.0% 6.7%
2012 July 217,926 203,922 13,639 6.3% 6.8%
2012 January 215,276 199,240 16,036 7.4% 6.9%
2011 July 216,176 200,965 15,211 7.0% 7.4%
2011 January 214,735 197,399 17,336 8.1% 7.8%
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NORTH SHORE PRIORITIES
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Labor Force Blueprint
What we looked at:-Number of Jobs-Skill and Education Requirements, and Wages of Critical Occupations-Career Ladder Opportunities-Level of Interaction with Workforce System-Projections of future employment opportunities-“Horse-Sense”
Critical Industries Identified:• Health Care •Construction Trades•Manufacturing •Financial Services
NORTH SHORE PRIORITIES
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Investment SnapShotWho was interviewed:-Banks-Venture Capital/Investment Managers-Government and Non-Profit agencies-Business Parks/Real Estate Brokers and Leasing Agents-Construction and Real Estate Development Industry
Key Sectors Identified:• Health Care •Life Sciences •Manufacturing •Financial Services
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Top 10 Industries of Employment on the North Shore
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,0002003 2008 1st Q 2013
* Public Administration, Wholesale Trade, Information, Non-Durable Goods Manufacturing, Arts, Entertainment, and Recreation, Transportation and Warehousing, Real Estate and Rental and Leasing, Management of Companies and Enterprises, Utilities, Agriculture, Forestry Fishing, & Hunting, Mining
• Total Employment in 1st Quarter 2013 was 165,075
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2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 1st Q2013
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
Healthcare Durable Goods Manufacturing Construction Finance & Insurance
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Critical Industry Employment on the North Shore 2003-1st Q 2013
Current Employment Levels:• Health Care 34,293• Durable Goods Manufacturing 12,238• Construction 6,243• Financial Services 5,442
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Health Care Establishments 2009 to 1st Quarter 2013
Ambulatory Health Care Services
Hospitals Nursing and Residential Care Facilities
Social Assistance 0
200
400
600
800
1000
1200
2009 2010 2011 2012 1st Q2013
2009 2010 2011 2012 1st Q20130
500
1,000
1,500
2,000
2,500
Health Care and Social Assistance
• 2,028 establishments in 1st Q’13
• Large increase in Social Assistance • Is it real?
• Ambulatory Health Care:• 33% Physicians Office• 33% Dentist Offices• 20% Other Health Care Practitioners• Remaining is a mix of Diagnostic Laboratories,
Home Health Care, Outpatient Treatment
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0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
2009 2010 2011 2012 1st Q2013
Health Care Employment 2009-1st Quarter 2013
2009 2010 2011 2012 1st Q2013
30,000
31,000
32,000
33,000
34,000
35,000
Health Care and Social Assistance
• Largest Industry on the North Shore
• Consistent employment growth
• Opportunities available
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$0
$200
$400
$600
$800
$1,000
$1,200
2009 2010 2011 2012 1st Q2013
Health Care Average Weekly Wages 2009-1st Quarter 2013
• Health Care’s average wage of $884 is lower than the North Shore average wage of $964
• However, both Ambulatory Health Care Services and Hospitals have wages which are higher than the North Shore average.
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(Adapted from Central Iowa Works Health Care Career pathways project.)
*Requires certificate, license, registration or specific degree.
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Sample Health Care Career Pathways
Median Hourly Wage for a
Medical Assistant is
$16.17
Median Hourly Wage for a
CNA is $14.00
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Top 15 Occupations # of Openings
% of Total Health Care
Openings
Registered Nurses 169 16.8%Social And Human Service Assistants 81 8.0%Nursing Assistants 76 7.5%Mental Health and Substance Abuse Social Workers 42 4.2%
Medical And Health Service Managers 40 4.0%Medical Assistants 35 3.5%Medical Secretaries 28 2.8%Occupational Therapists 22 2.2%Social and Community Service Managers 21 2.1%
Physical Therapists 19 1.9%Executive Secretaries and Executive Administraive Assistants 17 1.7%
Mental Health Counselors 16 1.6%Customer Services Representatives 15 1.5%Home Health Aides 15 1.5%Licensed Practical And Licensed Vocational Nurses 15 1.5%
Top 15 Openings in Health Care 611 60.6%Total Health Care Openings 1008 100.0%
Health Care Online Job Postings From 8/2013 to 12/2013
• 1,008 job postings listed online in Healthcare on the North Shore
• The majority of these jobs require some type of training or college education
• Number one listing on the North Shore was for RN’s
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Top 15 Employers with Job Listings # of Openings % of Total
North Shore Medical Center 206 20.4%Kindred Health Care 96 9.5%Eliot Community 72 7.1%
North Shore Physicians Group 69 6.8%
CAB Health & Recovery 45 4.5%Genesis Health Care 32 3.2%Greater Lynn Senior Services 26 2.6%RehabCare 24 2.4%
Lahey Clinic 24 2.4%
Massachusetts General Hospital 23 2.3%
Spaulding Rehabilitation Hopital 21 2.1%
Cell Signaling Technology 16 1.6%Fresenius Medical Care 16 1.6%Seven Hills Foundation 16 1.6%
Baystate Health 16 1.6%
Top 15 Employers 702 69.6%Total Health Care Openings 1008 100.0%
Who’s Hiring Now?The Top 15 Employers Listing Job Openings on the North Shore
• 115 Health Care Employers listed job openings online
• Top Employer Cities:• Salem: 242 listings• Lynn: 192 listings• Danvers: 168 listings• Beverly: 111 listings• Peabody: 105 listings• Saugus: 74 listings• Gloucester: 51listings
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Financial Service Sub-Sector Establishments 2009 to 1st Quarter 2013
0
50
100
150
200
250
2009 2010 2011 2012 1st Q2013
2009 2010 2011 2012 1st Q2013480
490
500
510
520
530
540
Finance and Insurance
• 500 establishments in 1st Q’13
• Decline in establishments is due to consolidation and industry automation
• Credit Intermediation:• 82% Banks• The rest is equal mix Non-Depository Credit
Intermediation (credit card companies & sales financing) and Related Activities to Credit Intermediation
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0
500
1,000
1,500
2,000
2,500
3,000
3,500
2009 2010 2011 2012 1st Q2013
Finance and Insurance Sub-Sector Employment 2009-1st Quarter 2013
2009 2010 2011 2012 1st Q2013
5,400
5,600
5,800
6,000
Finance and Insurance
• 350 jobs lost since 2009
• Employment decline due to a combination of technology advances and consolidation within industry
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Financial Activities Sub-Sector Average Weekly Wage 2009- 1st Quarter 2013
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
2009 2010 2011 2012 1st Q2013
• One of the highest paying industries on the North Shore with an average weekly wage more than double the North Shore average
• Best entry level opportunities within Credit Intermediation
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Sample Financial Service Career Pathway
Median Hourly Wage for Tellers is $13.96
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Top 15 Occupations # of Openings
% of Total
Tellers 44 17.8%Customer Service Representatives 26 10.5%Securities, Commodities, and Financial Service Sales Agents 24 9.7%
First-Line Supervisors of Office and Administration Workers 11 4.5%
Financial Managers 9 3.6%Claims Adjusters, Examiners, and Investigators 8 3.2%First-Line Supervisors of Retail Sales Workers 7 2.8%Network and Computer Systems Administrators 7 2.8%Computer User Support Specialists 7 2.8%Computer System Analysts 6 2.4%Insurance Sale Agents 6 2.4%Comuter Programmers 5 2.0%Loan Officers 4 1.6%Personal Financial Advisors 4 1.6%General and Operations Managers 4 1.6%Credit Analysts 4 1.6%Marketing Managers 4 1.6%Cleaners of Vechicles and Equipment 4 1.6%Top 15 Occupations 184 74.5%Total Financial Services Openings 247 100.0%
• 247 Job Openings listed online in Financial Services
• Many Entry Level Opportunities
• Advancement will require training or College degree
• Industry Automation has created careers in several computer related fields
Financial Services Online Job Postings from 8/2013 to 12/2013
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Top 15 Employers with Job Listings # of Openings
% of Total
Eastern Bank 59 23.9%Bank of America 23 9.3%People's United Bank 18 7.3%Salem Five Savings Bank 15 6.1%The Bank of New York Mellon Corp. 15 6.1%Electric Insurance 14 5.7%AmeriPlan Corp. 13 5.3%QBE Holdings 10 4.0%J.P. Morgan Chase 9 3.6%Sovereign Bank 8 3.2%Citizens Bank 6 2.4%East Boston Savings Bank 6 2.4%Investors Capital Corp. 6 2.4%Enterprise 5 2.0%Affliated Managers Group 4 1.6%Top 15 Employers 211 85.4%Total Financial Services Openings 247 100.0%
Who’s Hiring Now?The Top 15 Employers Listing Job Openings on the North Shore
• 42 Financial Services Employers listed job advertisements online
• Top Employer Cities:• Salem: 47 listings• Beverly: 45 listings• Lynn: 45 listings• Danvers: 24 listings• Peabody: 22 listings• Lynnfield: 21 listings• Marblehead: 13 listings• Saugus: 12 listings
NORTH SHORE WORKFORCE INVESTMENT BOARD
70 Washington StreetSuite 314 Salem, MA 01970Tel. 978.741.3805
www.northshorewib.com
Ed O’Sullivan, [email protected]
Will Sinatra, [email protected]