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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

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north shore workforce investment board

North Shore Workforce Investment Board

North Shore Labor Market Presentation

1/7/2013

north shore priorities
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.
north shore priorities1
WE PUT THE NORTH SHORE TO WORK -
  • The Environment… North Shore WIB Region
NORTH SHORE PRIORITIES
north shore priorities2
WE PUT THE NORTH SHORE TO WORK -
  • North Shore Labor Force, Employment, and Unemployment 1/2011-10/2013
NORTH SHORE PRIORITIES
north shore priorities4
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
north shore priorities5
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
north shore wib

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
north shore workforce investment board1

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
north shore workforce investment board2

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
north shore workforce investment board3

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
north shore workforce investment board4

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.
north shore workforce investment board5

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.)

north shore workforce investment board6

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

north shore workforce investment board7

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
north shore workforce investment board8

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
north shore workforce investment board9

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
north shore workforce investment board10

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
north shore workforce investment board11

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
north shore workforce investment board13

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

north shore workforce investment board14

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
north shore workforce investment board15

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
north shore workforce investment board16

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