Sector Solutions: Meeting the Needs of Wyoming’s Employers Presentation to 2008 Governor's Summit on Workforce Solutions May 29, 2008 Wyoming Department of Workforce Services Vision Statement To link human and economic development for Wyoming’s future. Mission Statement To build a workforce to meet the changing demands of Wyoming’s diverse businesses, citizens and economy. Wyoming’s Workforce Dilemma • Wyoming is facing a multitude of concerns with regards to human capital. Wyoming currently has employee shortages with many industries competing for this limited group. The current workforce that is available for employment is unprepared to meet the needs of industry. Without proactive involvement and resolution of these workforce issues, Wyoming’s employers will find it difficult to meet their workforce needs. Workforce Projections for Health Care Sectors The projected growth in the Health Care Sector from 2004 to 2014 is 21.2%, with a total number of 6,838 new employees by 2014. New jobs created in: Ambulatory services = 2,492 for a 32.6% growth. Hospitals = 1,763 for an 18.2% growth. Nursing = 2,575 for an 49.5% growth. How will these industries address their workforce shortages? Driving Factors for Creating Sector Strategies Economic Development Business/ Industry Education Workforce Development The intersection of Education, Economic and Workforce Development policy to meet the needs of business and industry. (Oklahoma Governor’s Council for Workforce and Economic Development) Providing a collaborative forum for affecting policy and making recommendations. What are Sector Strategies? Regionally based, intensively targeted industry approaches to building and sustaining economic competitiveness. Employer-driven partnerships that include training providers, community organizations and other key stakeholders that convene around a specific industry. These partnerships work closely to identify workforce needs and solutions of that industry, allowing all stakeholders the ability to streamline their efforts and resources. Will foster innovation and competitive advantage in global markets. Contribute to a skilled workforce that helps employers to grow and prosper in a region. Identify career pathways within and across key industry sectors. Why Implement Sector Initiatives? Eliminates Single-employer focus Public and Private resources are spread thin. Resources often spent unwisely when services are duplicated to meet similar needs of individual, separate firms. Operating within a single-employer framework, public systems struggle to reach economies of scale. Informal mechanisms to support growth of regional industries Results in a lack of attention to the industries that provide the most potential for economic growth and jobs for residents. Arbitrary regional boundaries. Lack of coordination across similar systems and stakeholders. Lack of meaningful employer engagement. Develop customized training solutions for an industry. Benefits to Business/Industry Wealth creation for business. Development of a talented workforce specific to your industry. Improved worker productivity. Reduce turnover rates. Create sector based networks. Fosters innovative training programs. Eliminates duplicative training within the industry. Overall cost savings for training. Benefits to Newly Developed Business Partners Savings in aligned resources and leveraged funding. Methods to engage businesses and industry sectors. Effective recruitment tools and screening of candidates. Create focus by organizing and studying the industry. Reduces duplicating factors by coordination among multiple partners. Provides catalyst for partners to collaborate and jointly provide solutions to business needs. Culmination of best practices and solutions to future workforce development needs within the industry. Benefits for Promoting Industry and Future Employees Good jobs in high demand sectors. Opportunities for development of career ladders and employment expansion. Improved skills, knowledge and marketable credentials. Better understanding of what the industry needs. Better relationships between labor and management. What Guides the Sector Initiatives? Meet the needs of key industries, both statewide and within the region. Initiative actions need to encourage and support development of regional partnerships and solutions. Will enable workers who want to take advantage of continuous learning. Industry Partners will align toward common goals. Industry must be accountable for positive results to occur. Sector Strategies Driving the Creation of a Talent Pipeline Sector Strategy Sector Strategy Initiatives Talent Pipeline Initiatives Next Steps Wyoming Workforce Development Council and State Partnership team will convene two to three sector groups. Together, they will identify specific targeted industries. A needs assessment will be conducted. Engage and enlist partners and employers. Regionally based employer-driven partnerships will be supported to work closely together to identify workforce needs and solutions of that industry. Ultimately, alignment of talent development programs and systems will be created to meet the needs of the industries that are most important to the overall workforce development for Wyoming. Breakout into Industry Groups Sample Questions for Breakout Session What does the future workforce in our industry look like? How many new jobs will be created in our industry: 2 year projections 4 year projections How are we as an industry going to address future workforce shortages? Is there a plan in place to address workforce training in our industry? What skills, licensures, training programs will need to be in place for our industry to survive? What marketing and advertising services are promoting our industry? Are we as an industry proactively marketing our industry as a career-oriented option? How will the pending retirement wave influence our industry? Conduct a SWOT Analysis of your industry.