TALENT DEMAND STUDY
Charleston Region Workforce Gap Analysis: 2016 Update
Why this study?
Key Findings:
Strong job growth in the Charleston region is making it increasing difficult to fill open positions from either the existing workforce or new local graduates. As a result, the region is overly dependent on recruiting workers from out-of-state to fill jobs.
In the next five years, our region will create nearly 26,000 new jobs.
This study: 1. Identifies industries driving employment growth. 2. Determines if existing education programs meet the needs of growing industries. 3. The One Region Strategy recommends strategies to fill the gaps. 4. Provides an update to the 2014 study.
Did you know?
Occupation clusters forecasted to grow more than 10% are (in order): 1. Software & IT
4. Marketing
7. Business
2. Production
5. Engineering
8. Medical
3. Mathematics
6. Communications
The clusters with the highest employment are Medical, Production and Software & IT
JOB CREATION FORECAST 3-County Charleston Metro
EMPLOYMENT GROWTH `15 - `20 Software & IT
Many of the technical and high-wage jobs that we create get filled by better-educated workers moving in from out-of-state.
Production
20.0%
18.0%
39% Mathematics
31%
Marketing
South Carolina
Metro Average
Out-of-State
23%
COLLEGE EDUCATIONAL ATTAINMENT BY PLACE OF BIRTH, `12
EMPLOYMENT 2015
17.0%
15.2%
Engineering
Business
Medical
18,300 500 1,900
14.1%
Communications
10,700
13.4%
11.8%
11.6%
Source: Avalanche Consulting, May 2016, adjusted data from EMSI
7,800 1,100 9,900 35,900
TALENT DEMAND STUDY
Charleston Region Workforce Gap Analysis: 2016 Update
SHORTAGES ARE EXPECTED IN KEY FIELDS 3-County Charleston Metro General Assemblers
838
Aerospace Mechanics
280
General Machinist Industrial Maintenance Welders
104 59
Software Developers
278
IT Security Analysts
243
Network Administrators
Software & IT
157
Web Developers
21
Computer Scientists
18
Ad. & Sales Mngrs Sales Engineers
Production
160
75
Communications
54
Industrial Engineers
112
Mechanical Engineers
102
Civil Engineers
72
Aerospace Engineers
54
Electrical Engineers
42
Nuclear Engineers
27
Env. Science Techs
20
Architectural Techs
18
Medical Secretaries
Engineering
61
Dental Assistants
57
Laboratory Techs
39
Nuclear Medicine
25
Medical
Accounting Support
Note: Gap numbers are based on a 10-year annual average of job openings in order to smooth out short-term spikes in employment growth. Source: Avalanche Consulting, May 2016, adjusted data from EMSI
Project led by:
345
Accountants Supply Chain
Data shows the # of average annual job openings over the next 10 years due to new jobs and turnover, above and beyond the output of college graduates
This report was produced by Avalanche Consulting as a part of One Region: A Global Competitiveness Strategy
176
Licensed Nurses
# of Annual Job Openings above and beyond college graduate output.
144
Business
79
Key Findings: • Workforce shortages can occur when there is an insufficient number of local high school and college graduates to fill job openings.
• Of the occupations groups with a significant presence in the region; Production, Business and Software & IT are expected to have the greatest shortages.
• Occupations expected to have the largest workforce shortages are General Assemblers (838 jobs), Accounting Support (345) and Software Developers (278).