STATE OF THE WORKFORCE REPORT 2008. Study Objectives 1.County Demographics 2.Workforce Challenges Advantages/challenges regional businesses 3.Recruitment.

STATE OF THE WORKFORCE

REPORT

2008

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 NeedsCritical Workforce Issues: Critical Workforce Issues:

Orange CountyOrange County

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

WCF’S IMPACT ON OUR ECONOMY

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

Questions