The Demand Driven Workforce System The right skills at the right time in the right way Steven J. Braun, Commissioner Department of Workforce Development

Workforce is the Future Need to add graphic The right skills, at the right time, in the right way.

Workforce is the Future Is the primary driver of positive economic outcomes for Indiana Frames the conversation for education and training, economic development, infrastructure investments and socioeconomic well-being The right skills, at the right time, in the right way.

Workforce Challenge Need to add graphic The right skills, at the right time, in the right way.

Indiana’s Workforce Challenge 1st Nationally for Cost of Doing Business CNBC 8th Best State for Business Forbes 5th Nationally for Lowest Cost of Living USA Today/Wall Street Cheat Sheet 42nd in Workforce Forbes definition of Labor Supply Labor supply measures college and high school attainment based on figures from the Census Bureau. We also consider net migration over the past five years and the projected population growth over the next five years. Another factor is the percentage of the workforce that is represented by a union. This year we included the percent of the population between the ages of 20 and 34. “Finding highly-educated millenials is top of mind for all of our clients,” says Jeff Lessard, who works with clients on their occupancy and location strategies at Cushman & Wakefield. “Finding that talent is incredibly important for companies.” The right skills, at the right time, in the right way.

Indiana’s Workforce Challenge The right skills, at the right time, in the right way.

Hamilton County by the Numbers 3.1% Unemployment rate: Indiana rate is 4.2% (not seasonally adjusted) 171,510 Hamilton County Total size of labor force in Hamilton County 67.15% Residents who live and work in Hamilton County 73.3%   The median list price per square foot in Hamilton County is $109, which is higher than the Indianapolis Metro average of $91. The median price of homes currently listed in Hamilton County is $316,990. The median rent price in Hamilton County is $1,399, which is higher than the Indianapolis Metro median of $1,100 Hamilton County has 9 townships with approximately 600 miles of roadway and rights-of-way, 280 bridges, and over 600 small structures to maintain. Over 300 miles of trails Of firms in Hamilton county that employ 1-9 employees 5,337 Number of unemployed in Hamilton County labor force 5.0% Share of projected 1 million job growth in Indiana by 2025

Indiana’s Workforce Challenge Barriers to Filling the 1 Million Jobs Available workers lack the right skills Education and training programs not aligned with employer demand Current education pipeline insufficient to fill jobs Unemployment is historically low and labor force participation has not rebounded Students lack information about occupations in demand

Estimated Annual Workforce Supply Projected Demand: 100,000 annually K-12* Not Graduating - 8,748 K-12* Graduates – 70,026 35% Do not immediately go to college/post -secondary- 24,509 College Graduates - 78,408** Associate Degree 13,596 Bachelors Degree 47,322 Masters Degree 13,777 Professional Degrees 3,713 45% Employed FT in Indiana after 1 Year 35,284 Total Estimated Supply from Education 68,541 *K-12 Data is from 2015 and is after 4 yrs of H.S. **Data includes Public & Private colleges and out of state residents who attend college in Indiana

Workforce Solution The right skills, at the right time, in the right way.

Indiana’s Workforce Solution Improved forecasting of job demand Employer Informed Understanding of Skills Needed for Occupations   Aligning Education to Match Employer Needs   Inform Students, Parents & Jobseekers About Demand Occupations  

Indiana’s Workforce Solution DWD and its community and workforce partners will collaborate to enhance curriculum and CTE offerings across the educational spectrum that focus on high-wage, high-demand middle skills positions. These positions require only a high school degree and industry-recognized certification. The right skills, at the right time, in the right way.

Workforce Future is Now The right skills, at the right time, in the right way.

Workforce Future is Now Collaboration is required to develop an innovative, responsive and accountable education, training and workforce system that drives economic growth. The right skills, at the right time, in the right way.

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