1. Strategic Policy Council
May 25, 2016

2. Welcome and Remarks
Jennifer Grove
Chairman

3. Today’s Agenda The Goal – Executive Committee Meeting Briefing
Measuring Florida’s Progress
Performance Funding Model Update
Market Intelligence Portal Update

4. The Goal
Michelle Dennard
Vice President, Policy

7. Measuring Florida’s Progress
Adrienne Johnston
Chief, Bureau of Labor Market Statistics
Department of Economic Opportunity

8. Florida’s Talent Dashboard Strategic Policy Council Meeting May 25, 2016

9. Florida’s Talent Dashboard
Vision
Florida will be the global leader for talent
Goal
Increase the prosperity of workers and employers; reduce welfare dependency; increase economic self-sufficiency; meet employer needs; and enhance worker productivity and business competitiveness.

10. Increase Worker Prosperity
Measure
Real Wage of Florida Workers
Interpretation
Real wages adjust for inflation. An increase in real wages tells us that workers have more purchasing power
Does not address
Real wages can be driven by price or wage changes

11. Increase Employer Prosperity
Measure
Percent of Florida businesses that are expanding employment
Interpretation
Business environment is conducive to producing more goods or services, thus requiring more employees
Does not address
The scale of expansion or indication of future growth

12. Reduce Welfare Dependency
Measure
Welfare receipts as a percent of personal income
Interpretation
Personal income is comprised of salaries, wages, bonuses, investment earnings, and welfare
Decreasing welfare receipts as a percent of personal income indicates that personal income is increasingly driving by earnings
Does not address
The distribution of welfare or indicate declines in personal income

13. Increase Economic Self-Sufficiency
Measure
Percentage industries paying above a given threshold
(i.e. Poverty level, public benefits requirement)
Interpretation
More industries paying average salaries higher than a specified threshold indicates more workers are earning a self-sufficient wage
Does not address
Number of workers who qualify for public benefits or wage distributions

14. Meet Employer Needs Measure Supply – Demand Ratio Interpretation
The ability of Florida’s industry to employ the number of workers looking for work
Ratio of 1 means there are exactly enough workers to fill open jobs
Does not address
How workers align to job openings based on training, skills or occupation

15. Increase Worker Productivity
Measure
Per capita Gross Domestic Product (GDP)
Interpretation
GDP is an overall measure of economic productivity
Increases in this measure can, at least in part, be attributed to increases in worker productivity
Does not address
Population and non-labor related influences on GDP

16. Enhance Business Competitiveness
Measure
Industries that employ more workers than the national average
(location quotient above 1)
Interpretation
The relative strength of employment Florida’s industries to the nation
Larger values indicate greater diversification
Does not address
Other measures used to compare industries to the nation

17. Next Steps Refine metrics based on feedback
Develop secondary metrics to address issues identified
Develop interactive tool to display dashboard
Continue to refine based on feedback

18. Performance Funding Model Update
Aaron Schmerbeck, Ph.D.
Chief Economist

19. Introduction Updates to the PFM to take effect July 1, 2016.
Updates to metrics
Data sources
Common Measures Gateway
Web-based performance reporting
Minimum threshold negotiation
Performance Snapshot: Business Engagement
We expect performance dollars for FY to be awarded in January 2017.

20. Long-Horizon Metrics Average Earnings Earnings per Dollar Spent
Earnings from the two quarters after exit.
Earnings per Dollar Spent
Total earned during the two quarters after exit divided by total formula funds spent.
Customer Satisfaction
How satisfied were businesses that received business engagement surveys?

21. Updates to Short-Horizon Metrics
Time to Earnings
FY : “How long did it take people to find a job?”
FY : “How long have people been without a job?”
Business Engagement
Performance targets that account for response rates.

22. Data Sources Participant Data Demographic Data
FY : Quarterly ETA tables
FY : Nightly data extracts from EFM
Demographic Data
FY : Moody’s Analytics county-level forecasts and proprietary economic indicators.

23. Common Measures Gateway
If DEO deems a local board to be out of compliance (having missed its goal on the same metric two years in a row), that board will not be eligible for incentive funds through the PFM in accordance with existing policy.
The PFM is a supplement to, not a substitute for, Common Measures.

24. Web-Based Performance Reporting
Existing system focused on Common Measures.
We are developing a similar system focused on the PFM (development ongoing, July webinar)
Performance: How the PFM works – additional credit, metrics, TIE model (clickable). See past performance.
Strategic: Analyze PFM relevant data (case-level drill down). Make data-driven decisions.
Policy: Analyze system-wide performance. Set data- driven policy.

25. Minimum Threshold Negotiation
Boards will receive targets for FY in the June PFM monthly update and webinar.
Boards may decrease some minimum thresholds at the expense of increasing others.

26. Business Engagement (As of May 12, 2016)
Top Performance Scores
CareerSource Okaloosa Walton 112%
CareerSource Escarosa 101%
CareerSource Research Coast 99%
CareerSource Brevard 98%
Top Response Rates (scores above 40)
CareerSource Heartland 85%
CareerSource Okaloosa Walton 70%
CareerSource Gulf Coast 42%
CareerSource Pasco Hernando 40%

27. Webinar Schedule June: Performance Target Statistical Model
July: Web-Based Performance Reporting
August: Long-Horizon Metrics

28. Market Intelligence Portal Update: Research Coast Skills Gap Assessment
Aaron Schmerbeck, Ph.D.
Chief Economist

29. Standard Occupational Classification to Classification of Instructional Program: Nursing - LPN

30. Research Coast Supply and Demand Analysis: Nursing - LPN

31. Research Coast Supply Institutions: Nursing - LPN

32. Research Coast Jobs: Nursing - LPN

33. Thank You!