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Exploring Opportunity Occupationsand Careers in Healthcare
April 10, 2017
Federal Reserve Bank of Atlanta
Welcome
LogisticsCall-in number:888-625-5230Participant code:8040 4861#Webinar link:https://www.webcaster4.com/Webcast/Page/577/19897You can listen through your PC or dial in to the phone.The webinar experience depends on your connection. If at any time you’re experiencing problems, please dial the toll-free number.This call is being recorded and will be available at a later date.Click the Materials button to access a pdf version of this presentation.To Ask a QuestionClick theAsk Questionbutton(Located in the lower-left section of the webinar window)
Disclaimer:The views expressed in this presentation do not necessarily reflect official positions of the Federal Reserve Bank of Atlanta or the Federal Reserve System.
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Julie KornegaySenior Economic and Financial Education SpecialistFederal Reserve Bank of Atlanta – Birmingham Branch
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ExploringOpportunity Occupationsand Careers in Healthcare
MAXIMUM EMPLOYMENT MATTERS:
Why is the Federal Reserve Bank hosting a webinar on opportunity occupations and healthcare?
Dual mandate of price stability and maximum employment
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The Fed offers education outreach programs that areeconomicand personal finance oriented.
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MELS DE ZEEUWResearch Analyst IICommunity and Economic DevelopmentFederal Reserve Bank of Atlanta
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ExploringOpportunity Occupationsand Careers in Healthcare
MAXIMUM EMPLOYMENT MATTERS:
STUART ANDREASONWorkforce DevelopmentDirectorCenter for Human Capital StudiesFederal Reserve Bank of Atlanta
Opportunity Occupations: Jobs that pay more than the national annual medianwage, but are generally considered accessible to workers without a BA degree2014: 37 million jobs in Opportunity Occupations, 27.4% of employed, down from 29.8% or 38.7 million in 2005Large variation in share of total employment between Metro areas: e.g. 32.1% in Louisville-Jefferson, Kentucky but just 11.9% in New York-Northern New Jersey-Long Island
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9
21.5
23.8
0.6
54.1
17.1
26.0
1.2
55.6
17.8
32.5
1.2
48.5
27.4
21.8
0.5
50.3
19.5
19.9
0.8
59.8
18.6
32.6
0.6
48.3
0%
20%
40%
60%
80%
100%
2014
TN
MS
LA
GA
FL
AL
Note: Estimates based on Burning Glass Technologies' data on online job ads
Numbers may not add to 100 due to rounding.
Higher wages, BA required
Opportunity Occupations
Lower Wages, BA required
Lower Wages, no BA required
Opportunity Occupations in the Southeast
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HealthcareOpportunityOccupations in the Southeast (2014)
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Top Opportunity Occupations in the Southeast (2014)
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Rank
Occupation
Total
Employment
Employment
Share
Job Ads
2014
Median
Annual Salary
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Registered Nurses
43,680


2.4%
6,239


$54,900
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Licensed Practical and Licensed Vocational
Nurses
13,900


0.7%
1,289


$35,470
1
Registered Nurses
163,950


2.1%
46,204


$60,920
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Licensed Practical and Licensed Vocational
Nurses
43,890


0.6%
6,865


$41,130
1
Registered Nurses
68,010


1.7%
22,211


$62,520
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Licensed Practical and Licensed Vocational
Nurses
24,290


0.6%
3,810


$37,620
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Registered Nurses
40,460


2.1%
10,730


$58,850
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Licensed Practical and Licensed Vocational
Nurses
21,450


1.1%
2,390


$37,270
1
Registered Nurses
28,070


2.6%
3,900


$54,940
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Licensed Practical and Licensed Vocational
Nurses
9,170


0.8%
1,091


$35,750
1
Registered Nurses
55,560


2.0%
13,134


$56,370
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Licensed Practical and Licensed Vocational
Nurses
21,470


0.8%
2,761


$36,000
AL
FL
GA
LA
MS
TN
Percent ofOnline Job Ads Requesting Bachelor’s DegreeorHigherforEachMetroArea(2011-2014)
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Differences in Employer Educational Preferences
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How to create alternative paths to opportunity occupation for workers that lack time/resources to access them?Job based training (incumbent worker training)Competency based education
Opportunities for Middle Skill Healthcare Jobs
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Community Development Sitewww.frbatlanta.org/community-developmentOpportunity Occupations Reportwww.frbatlanta.org/opportunityoccupationsStuart Andreason:stuart.andreason@atl.frb.orgMels de Zeeuw:mels.dezeeuw@atl.frb.org
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PATRICIA HORTONWorkforce Initiatives CoordinatorGeorgia Hospitals Association
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ExploringOpportunity Occupationsand Careers in Healthcare
MAXIMUM EMPLOYMENT MATTERS:
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HEALTHCARE IN THE SOUTHEAST
High growth sectorCareer opportunitiesAdvancement potentialApprenticeshipsCreating a culture of health
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CHANGES IN HEALTHCARE TRAINING
Developing workforce strategies and modelsfrom entry level to professional levelDeveloping STEM programs for high school studentsPartnering to expand educational capacityUtilizing technology to expand student clinical experienceSimulation models being utilized to streamline training
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WHAT EMPLOYERS WANT IN EMPLOYEESCompetent and culturally diverseService mindedCommitment to collaborationEmployee engagementCompassionateAdaptable to changeStrong interpersonal skills
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CLAIRE LOUPSenior Economic and FinancialEducation SpecialistFederal Reserve Bank of Atlanta –New Orleans Branch
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ExploringOpportunity Occupationsand Careers in Healthcare
MAXIMUM EMPLOYMENT MATTERS:
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Teaching Human Capital and the Importance of Postsecondary Education
Infographic – Visual Reinforcement
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https://www.frbatlanta.org/education/katrinas-classroom/lesson4/infographic.aspx
Why develop Human Capital?“What to expect” with less than high school diplomaHow long to earn $1m by education levelEducation and unemploymentEducation and earnings
Lesson Plan – Active Learning
Katrina’s ClassroomLesson 4: Part 1Human Capital and EmploymentTime: 50 – 55 minutes
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https://www.frbatlanta.org/education/publications/extra-credit/2016/spring/lessons-and-activities/high-school/personal-finance/teaching-human-capital.aspx
Topics:Evaluate human capitalUnemployment rateLabor forceEducation and Income
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REFLECTION QUESTIONSHowdoes your current human capital differ from yourfuturehuman capital?What steps do you need to take to achieve yourfuture human capital?humancapital?
YOURHUMAN CAPITAL
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Graph: How Longto Earn $1Million?
Source: Current PopulationSurvey (U.S. Bureau of LaborStatistics, bls.gov/emp/ep_chart_001.htm )
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Earnings, Unemployment,and Education
Source: Current PopulationSurvey (U.S. Bureau of LaborStatistics, bls.gov/emp/ep_chart_001.htm )
Katrina’s ClassroomLesson 4: Part 2Evaluating Postsecondary OpportunitiesTime: 50 – 55 minutes
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https://www.frbatlanta.org/education/publications/extra-credit/2016/spring/lessons-and-activities/high-school/personal-finance/teaching-human-capital.aspx
Topics:Identify postsecondary programs of studyEvaluate education optionsEvaluate associated costs
Lesson Plan – Active Learning
More Classroom Tools & Resources
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https://www.frbatlanta.org/education.aspxhttps://www.frbatlanta.org/education/publications/extra-credit.aspxhttps://www.frbatlanta.org/education/classroom-economist.aspx?panel=1https://www.federalreserveeducation.org/
To Ask a Question:ClicktheAsk Questionbutton in thelower-leftsection of the webinarwindow.
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Questions?
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Next in the Series
Exploring Careers in Energy
August 2017
Federal Reserve Bank of Atlanta
SurveyResourcesNotification of Online ArchiveFind information about other upcoming programs and classroom resources at:https://www.frbatlanta.org/education
Thank You For Participating

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