Presentation on theme: "STATE OF THE WORKFORCE REPORT 2008. Study Objectives 1.County Demographics 2.Workforce Challenges Advantages/challenges regional businesses 3.Recruitment."— Presentation transcript:
Study Objectives 1.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 Information Orange 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 Strengths Greatest Advantage: Location (65%) Orange 72% Secondary Advantage: Higher Education (52%) (59%) Diverse labor pool (51%)(64%) Population growth (50%) (51%)
Workforce Challenges Regional Challenges Greatest Challenge: Economy Secondary Challenges: Lack of available skilled workers Employee retention Rising costs/overhead Work ethic Transportation needs
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