state of the workforce report 2008. study objectives 1.county demographics 2.workforce challenges...
TRANSCRIPT
Study Objectives1. County Demographics
2. Workforce Challenges• Advantages/challenges regional
businesses
3. Recruitment and Retention• Sources, concerns, challenges
4. Occupational Needs• Current/future• Expansion/reduction
5. Education,Training and Development
Regional InformationOrange CountyOrange County
• Average annual wage: $42,588• Population: 1,105,603• Labor force: 596,978• Top industry: Leisure &
Hospitality (22% of employment)• Unemployment rate: 9.6% (nearly triple
from 2006 report)
•Average household income ($51,559)•53% population in labor force
Workforce Challenges
Regional Advantages and Regional Advantages and StrengthsStrengths
Greatest Advantage: Location (65%)
Orange 72%
Secondary Advantage: • Higher Education (52%) (59%)• Diverse labor pool (51%) (64%)• Population growth (50%) (51%)
Workforce Challenges
Regional ChallengesRegional Challenges
Greatest Challenge: Economy
Secondary Challenges:• Lack of available skilled workers• Employee retention• Rising costs/overhead• Work ethic• Transportation needs
Workforce Challenges
Critical Workforce IssuesCritical Workforce IssuesMost Critical Workforce Issue:
Job Creation and Economic Growth (96%)
Orange (98%)
Secondary Critical Issues: (95%)
Improving Higher Education
Improving Job Retention
Supporting existing businesses
Occupational Needs
Workforce Workforce Expansion Expansion
21%
No plans to reduce
Orange
19%
47% 76%
Difficulties Due to Lack of Difficulties Due to Lack of Available Skilled WorkersAvailable Skilled Workers
Occupational Needs
Results according to Ernst & Young’s report
•Services provided by WCF to employers effectively impacts Central Florida employers’ bottom line.
Results according to Ernst & Young’s report
•Every service provided to businesses reduces operating costs, generating additional economic activity.
•Businesses can use the $$ saved to hire additional workers and invest in additional equipment.
ROI: The Bottom Line
•For every dollar invested through WCF, a $2.43 rate of return is realized through an increase in state and local tax revenue and a reduction in welfare expenditures.
ROI: The Bottom Line
•Through the services provided to Central Florida job seekers and employers, WCF impacts the Florida economy by nearly $400 million in additional personal income each and every year.
Summer Job Connection• WCF will provide work experience to 1,200
young adults in Central Florida• Youth between the ages of 16-24 are
eligible to apply• Applicants must reside in Orange, Osceola,
Seminole, Lake or Sumter counties• Worksites will be in both the public and
private sector
• Interested?? www.workforcecentralflorida.com/SummerWork