1

Hart NelsonAssociate Vice Chancellor for Workforce SolutionsSt. Louis Community College

2stlcc.edu/STLworkforce

2

Research

Overview

2014

2015

2016 2018STEM Health Care,

Manufacturing,

& Transportation

and Logistics

Health Care,

Finance,

& Technology

General

Business

2017

General

Business

2018 St. Louis Survey Map

Survey Background

3

Why These Target Sectors?

STL

Metro

2008Q1 to 2017Q1, Quarterly Workforce Indicators, U.S. Census

Large St. Louis EmployersHealth Care: 165,000Technology: 140,000Financial: 70,000

14%21.2K Jobs

8%10.2K Jobs

4%2.7K Jobs

Finance Technology Health Care

Higher-Skill IssuesGood Pay & Economic BenefitsTight Labor Supply Issues

Long-Term Job Growth

Growing faster than overall jobs, especially Health Care

Today’s EconomyRecent Labor Trends and Employment Barriers

Finding the Right PeopleWhat jobs and skills are in-demand

Job Applicants & Skilling UpApplicant shortcomings & company measures

College ResponseHow STLCC is using this data

4

National Job Openings Rate Surpasses Unemployment Rate

7

January 2008 – April 2018. U.S. Bureau of Labor Statistics

Midwest Job Openings Outpacing Hires

8

January 2007 – May 2018. U.S. Bureau of Labor Statistics, JOLTS

Hires

Openings

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

Jan

2007

Jul

2007

Jan

2008

Jul

2008

Jan

2009

Jul

2009

Jan

2010

Jul

2010

Jan

2011

Jul

2011

Jan

2012

Jul

2012

Jan

2013

Jul

2013

Jan

2014

Jul

2014

Jan

2015

Jul

2015

Jan

2016

Jul

2016

Jan

2017

Jul

2017

Jan

2018

Midwest Job Openings vs. Job HiresSeasonally adjusted figures, 3-Month Moving Average

12 Midwest states: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. BLS JOLTS survey

RECESSION

Gap grows since 2016

5

St. Louis Economy

9Sources: BEA, BLS, Census

In 2017:22% are

55+(17% in 2007)

Large, Diverse Economy22nd Largest Metro Economy ($160B GDP), slightly smaller than Charlotte

Advantages: Cost of Living + Higher Education + Central Location

Largest Job Sectors: Health Care, Wholesale/Retail, Leisure/Hospitality

Tight Labor MarketUnemployment Rate: 3.4%

Very Slow Population Growth

Aging Workforce

Past Year St. Louis Employment Levels

10

Target Sectors have More Job Movement in Positive & Negative directions

6

More Dynamic: Greater Percent Plan on Increasing and Decreasing Employment

Future St. Louis Employment Plans

11

Potential Barriers to Expanding Employment

12

4th Year Top Concern: Shortage of Knowledge/Skill Workers

Do Certification/Licensing reduce top concern but boost Available Training response?

7

Importance of Barriers to Expanding Employment

13

Technology

Finance

Health Care

Technology

50% Plan to Expand

11% Plan to Contract

Finance

39% Plan to Expand

13% Plan to Contract

Health Care

54% Plan to Expand

11% Plan to Contract

Today’s Economy Summary

Continuing tight labor market & slow population growth an economic concern

Shortage of Skill Workers: 4th Year as Top Barrier

Good Outlook: 48% of Targets plan expansion vs. 42% in 2017 but more volatile

8

Today’s EconomyRecent Labor Trends and Employment Barriers

Finding the Right PeopleWhat jobs and skills are in-demand

Job Applicants & Skilling UpApplicant shortcomings & company measures

College ResponseHow STLCC is using this data

Staff Employment by General Functional Areas

16

Targets More Concentrated in Analytical Fields

9

17

TechnologySoftware Development

Cybersecurity

Web Development

FinanceFinancial Advisement

Commercial/Residential Lending

Health CareDiagnostic Services

Patient Care

Therapeutic Care

St. Louis Top Basic & Specialized Skills from Job Ads

18 Burning Glass Job Ads for top job ads over year ending May 2018.

1

0

St. Louis Top Jobs Ads in Functional Areas

Burning Glass Job Ads for top job ads over year ending May 2018.19

Health CareFinance & Business ManagementTechnology

Software Developers

Computer System Analyst

Computer User Support

Accountants

General Managers

Management Analyst

Accounting Clerks

Medical Service Managers

Registered Nurses

Nursing Assistants

Personal Care Aides

Top Certificates

IT Infrastructure Library (ITIL) Cert.CompTIA Security+Certified Information Systems Security

Series 7 Financial SecuritiesInsurance LicenseCertified Public Accountant (CPA)

Registered NurseAdvanced Cardiac Life Support First Aid CPR AED

45 Percent of Firms Experiencing Skilled Applicant Shortage

20

versus 31% of 2017 Businesses

1

1

Skill Shortages are in Higher Skilled Jobs for Targeted Sectors

21

…But Skill Level Shortages Differ Greatly by Targeted Sectors

22

1

2

Technology Effective Rate Shortages in Functional Areas

23

Finance Effective Rate Shortages in Functional Areas

24

1

3

Health Care Effective Rate Shortages in Functional Areas

25

Finding the Right People Summary

Target Sectors more analytical but share common business functionsCommunication, Teamwork, and Customer Service are top skillsJobs require more Certifications and Licensing in Target Sectors

Finance

Health CareTechnology

• 61% Skilled Applicant Shortage

• High Skills Needed: 73%

• Web Dev. & Cyber Security

• 38% Skilled Applicant Shortage

• Lower Skills Needed: 68%

• Customer Serv. & Lending • 35% Skilled Applicant Shortage

• Across All Skill Levels

• Customer Serv. & Therapeutic

1

4

Today’s EconomyRecent Labor Trends and Employment Barriers

Finding the Right PeopleWhat jobs and skills are in-demand

Job Applicants & Skilling UpApplicant shortcomings & company measures

College ResponseHow STLCC is using this data

Shortcomings of

Job Applicants

28

• Ranking shifts some

• Less Shortcomings Overall

• Specific Skill Differences

1

5

Methods to Address Need for New or Increased Skills

29

HealthCare

75%

Health Care

57%

Last Year’s All Business Survey

81% 40% 20% 19% 4% 20%

Measures Taken to Address Applicant Skill Shortages

30

Interesting distinctions for Target Sectors

42% of Technology companies take no action

1

6

Entry-Level Opportunities Exist in all Target Sectors

31

Entry-Level Jobs

Sales Representatives

Customer Service Reps

Admin. Assistants

Office Clerks

Personal Care Aides

Health Care

Finance

Technology

Job Applicants & Skilling Up

Same soft skill but less hard skill shortcomings: certifications/license impact?

Less overall shortcomings reported: higher skilled applicants?

On-the-job training still top for addressing skills but lower level overall

• OJT top method to add skills

• Must hire/train or hire outside STL

• 77% have Short-Term Train. Jobs • Flex. schedule for continuing educ.

• Must hire/train or hire contractors

• 84% have Short-Term Train. Jobs

• OJT top method to add skills

• Hire outside U.S. or take no action

• 70% have Short-Term Train. Jobs

1

7

Today’s EconomyRecent Labor Trends and Employment Barriers

Finding the Right PeopleWhat jobs and skills are in-demand

Job Applicants & Skilling UpApplicant shortcomings & company measures

College ResponseHow STLCC is using this data

Biotech program at BRDG Park

1

8

LaunchCode class at Corporate College

Women in Aerospace

Manufacturing

#WomenBuildAero

1

9

Center for Nursing and Health Sciences

38

Download the full report

stlcc.edu/STLworkforce