Confidential Indiana Logistics Summit Partnering in Transportation, Distribution and Logistics Indianapolis, IN October 19, 2005
Dec 13, 2015
Confidential
Indiana Logistics Summit
Partnering in Transportation, Distribution and Logistics
Indianapolis, IN
October 19, 2005
Confidential
Converging Forces
1. Flattening of the World
2. Productivity Gains
3. Brain Drain
4. Baby Boomer Retirements
5. Homeland Security
Five converging forces….
are on target to cause a significant skilled labor shortage for Indiana.
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• Engineering pipeline (full-time enrollments)– China: 3,700,000– US: 380,000
• In China, 42% of students earn undergraduate degrees in science/engineering compared to only 5% of US students
• The US will graduate 198,000 students in science and engineering to replace 2 million Baby Boomers in these fields scheduled to retire between 1998 and 2008
• The BLS predicts more than 300,000 of the 1.3 million new IT jobs created between 1996 and 2006 will go unfilled
• U.S. Department of Education estimates 60% of new jobs will require skills possessed by only 20% of the current workforce
• 960,000 to 1.2 million Employed Hoosiers possess workplace skills below those required for successful employment in a knowledge-based economy
• Indiana Chamber’s Economic Vision 2010 2004-’05 Report Card, Indiana received a grade of “F” in the Workforce category
Skilled Labor Shortage ?
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Priorities and Strategy
3. Deliver Premiere Customer Service
1. Grow Hoosier Jobs and Employment
2. Grow Hoosier Personal IncomeThree Priorities:
3. Alignment
1. Regionalization
2. Integration
4. Innovation
Four-Pronged Strategy:
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The TDL Opportunity
• Average Indiana occupational wages in TDL industries are 10% greater than average wages across all industries
• TDL industries currently compose 7% of Indiana’s total employment, with projected growth above the state average
• 108 occupations within TDL are growing at least TWICE as fast as the state average occupational growth
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General and Operations Managers $84,026
Management Analysts $66,133
First-Line Supervisors/Managers $63,693
Sales Representatives $49,815 - $64,453
Bus/Truck Mechanics and Diesel Engine Spclts $36,379
Truck Drivers, Heavy and Tractor-Trailer $36,153
AVERAGE INDIANA WAGES $33,466
The TDL Opportunity
92% will require BA+
65% will require at leastsome college
30% will require at leastsome college
Seven High-Growth, High-Wage Occupations:
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Skill Level
High-Wage Occupations
Innovating Indiana
Conceptual Skills Model:
Lift every Hoosierup at least one level.
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Select DWD Programs
• Strategic Skills Initiative
• Training Acceleration Grant
• Workplace Literacy Initiative
• Skills Assessment Testing (e.g., WorkKeys)
• WorkEthic Certificate
• Career and Technical Education • Additional brokering of training opportunities
Visit: www.in.gov/dwd
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“The perfect storm…could best be described as the confluence of three new
gaps…They are the numbers gap, the ambition gap, and the education
gap…These gaps are what most threaten our standard of living.”
Tom Friedman, Author
The World is Flat
“Today, the terms of competition revolve around a central axis: a nation’s ability to
mobilize, attract, and retain human creative talent.”
Richard Florida, Author
The Flight of the Creative Class
Closing Thoughts