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North Shore Workforce Investment Board

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

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North Shore Workforce Investment Board

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  1. North Shore Workforce Investment Board North Shore Labor Market Presentation 1/7/2013

  2. 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 • 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.

  3. WE PUT THE NORTH SHORE TO WORK - • The Environment… North Shore WIB Region NORTH SHORE PRIORITIES

  4. WE PUT THE NORTH SHORE TO WORK - • North Shore Labor Force, Employment, and Unemployment 1/2011-10/2013 NORTH SHORE PRIORITIES

  5. WE PUT THE NORTH SHORE TO WORK - NORTH SHORE PRIORITIES

  6. NORTH SHORE PRIORITIES WE PUT THE NORTH SHORE TO WORK - • 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

  7. NORTH SHORE PRIORITIES WE PUT THE NORTH SHORE TO WORK - • Investment SnapShot • Who 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

  8. WE PUT THE NORTH SHORE TO WORK - North Shore WIB Top 10 Industries of Employment on the North Shore • Total Employment in 1st Quarter 2013 was 165,075

  9. WE PUT THE NORTH SHORE TO WORK - North Shore Workforce Investment Board 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

  10. WE PUT THE NORTH SHORE TO WORK - North Shore Workforce Investment Board Health Care Establishments 2009 to 1st Quarter 2013 • 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

  11. WE PUT THE NORTH SHORE TO WORK - North Shore Workforce Investment Board Health Care Employment 2009-1st Quarter 2013 • Largest Industry on the North Shore • Consistent employment growth • Opportunities available

  12. WE PUT THE NORTH SHORE TO WORK - North Shore Workforce Investment Board 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.

  13. WE PUT THE NORTH SHORE TO WORK - North Shore Workforce Investment Board *Requires certificate, license, registration or specific degree. (Adapted from Central Iowa Works Health Care Career pathways project.)

  14. WE PUT THE NORTH SHORE TO WORK - North Shore Workforce Investment Board Sample Health Care Career Pathways Median Hourly Wage for a Medical Assistant is $16.17 Median Hourly Wage for a CNA is $14.00

  15. WE PUT THE NORTH SHORE TO WORK - North Shore Workforce Investment Board 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

  16. WE PUT THE NORTH SHORE TO WORK - North Shore Workforce Investment Board 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

  17. WE PUT THE NORTH SHORE TO WORK - North Shore Workforce Investment Board Financial Service Sub-Sector Establishments 2009 to 1st Quarter 2013 • 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

  18. WE PUT THE NORTH SHORE TO WORK - North Shore Workforce Investment Board Finance and Insurance Sub-Sector Employment 2009-1st Quarter 2013 • 350 jobs lost since 2009 • Employment decline due to a combination of technology advances and consolidation within industry

  19. WE PUT THE NORTH SHORE TO WORK - North Shore Workforce Investment Board Financial Activities Sub-Sector Average Weekly Wage 2009- 1st Quarter 2013 • 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

  20. WE PUT THE NORTH SHORE TO WORK - North Shore Workforce Investment Board

  21. WE PUT THE NORTH SHORE TO WORK - North Shore Workforce Investment Board Sample Financial Service Career Pathway Median Hourly Wage for Tellers is $13.96

  22. WE PUT THE NORTH SHORE TO WORK - North Shore Workforce Investment Board Financial Services Online Job Postings from 8/2013 to 12/2013 • 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

  23. WE PUT THE NORTH SHORE TO WORK - North Shore Workforce Investment Board 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

  24. Ed O’Sullivan, NSWIB ed@northshorewib.com Will Sinatra, NSWIB wsinatra@northshorewib.com NORTH SHORE WORKFORCE INVESTMENT BOARD 70 Washington Street Suite 314 Salem, MA 01970 Tel. 978.741.3805 www.northshorewib.com

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