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1st Quarter 2019 Business Solutions

Looking to add staff in 2019? Do your employees need training to upgrade or learn new job skills? CareerSource Palm Beach County’s new countywide campaign, ‘New Year New Me’, will show you how your business can benefit from our popular programs and services, with most provided at no cost to you!

CEO Message 1Q 2019 Business Solutions

Happy New Year!

You’ll be seeing and hearing our advertisements on local television, radio, newspaper and social media outlets all through January. Each will direct you to www.newyear-newme.com so you can easily discover our most popular services and programs.

Learn how easy it is to take advantage of our recruitment, assessment and referrals of qualified job candidates. We also offer space and staff assistance for screening/interviewing candidates, and grants for training employees.

If this isn’t enough to help you start the New Year right, there’s more – we’re also launching our new Professional Placement Network (PPN) this month for employers who are seeking top level talent. As the economy improves and the labor market tightens, employers have told us that it is increasingly challenging for them to find high quality managerial candidates.

The PPN will provide specialized services for managerial and executive-level professionals who are transitioning careers, have been displaced, or are looking for new career growth opportunities. Our PPN staff works to match the requirements of area employers with executive hiring needs in collaboration with local businesses, professional associations and economic development organizations. Learn more about it in this issue or our website at www.careersourcepbc.com .

Let us help your business start the New Year right with these new initiatives. Our best wishes for a great 2019!

Your Regional Economic Outlook

The most recent unemployment rate for Palm Beach County is 3.3 percent, that matched the state rate and was lower than the nation’s 3.7 percent rate (all numbers not seasonally adjusted). This is an increase of 17,900 jobs as measured in December 2018 compared to December 2017.

When tracking the health of our local economy, we not only look at unemployment and employment figures, we also track local sales tax revenue, per-capita income and new business expansion.

The chart below tracks sales tax revenue, up to $103.77 million per month and trending upward. When our local business and economic climate is good, this figure will continue to increase.

Sales Tax Collection for Palm Beach County (Graph)

The chart below tracks Palm Beach County Per-Capita Income, now $71,946 and trending upward.

For Palm Beach County the business data collection company Infogroup/Government Division reported over 16,000 new businesses were established within the last 12 months. With over 50 percent of those listed as home based versus corporate.  

Other positive local economic indicators by Florida Chamber of Commerce FutureCast to watch:

  • The amount of Adjusted Gross Income Palm Beach County gains or loses each year from people migrating into or out of the county, currently we gain $1.1 billion per year
  • Net new jobs needed by 2020 is 34,870 and net new jobs needed by 2030 is 92,902 (on track)
  • Current population is 1,414,144 and the 2030 population range will be 1,619,100 - 1,781,600

Florida’s economic outlook for 2019 is strong, yet risks remain. A potential trade war, the expansion of tariffs and slowing growth in other economies pose a threat for Florida’s economy that can be mitigated by a continued focus on diversifying Florida’s economy, attracting and retaining a talented workforce, and welcoming new business and innovation.

The potential for a recession is only 20.6 percent over the next nine months, Dr. Jerry Parrish, chief economist for the Florida Chamber Foundation, said at its January economic outlook and jobs forecast in Orlando.

“When job creators see uncertainty in financial or international markets, they are less likely to invest,” Dr. Parrish said. “To ensure Florida remains competitive, we must continue the momentum built since the last recession, and renew a focus on signaling to the world that Florida is open for business and ready for economic development investments.”

Employment Trends

The competition for skilled talent is still rising in the first quarter of 2019 as employers across the country are reporting the strongest hiring intentions in the last 12 years, according to the latest ManpowerGroup (NYSE: MAN) Employment Outlook Survey. * More than 12,500 U.S. employers report double-digit Outlooks across all four regions indicating continued employer optimism.

For Palm Beach County the latest figures released in January indicate 7 industry sectors are still experiencing strong a hiring Outlook. Lead by sectors Transportation, Warehousing & Utilities, Manufacturing, Construction, Financial Activities, Leisure & Hospitality, Professional & Business   Services, Education & Health Services. 

In summary we believe that our local economy will continue to expand in 2019. Palm Beach County must continue to keep a laser focus on overcoming challenges and long-term solutions in order to keep our momentum going and keep filling the jobs as local employers continue to expand.  

CareerSource Palm Beach County Launches Professional Placement Network

CareerSource Palm Beach County launched its new Professional Placement network this month at its Central Career Center in West Palm Beach for managerial and executive-level professionals. Learn more about how you and your business can take advantage of the program.

As the economy improves and the labor market tightens, employers have reported that it is increasingly challenging for them to find high quality managerial candidates. To mitigate this challenge, CareerSource Palm Beach County launched the Professional Placement Network (PPN) this month to provide specialized services for managerial to executive-level professionals who are transitioning careers, have been displaced, or are looking for new career growth opportunities.

 “The new Professional Placement Network is a fantastic resource for employers seeking top level talent and for professionals seeking employment services,” Steve Craig said, the president and chief executive officer of CareerSource Palm Beach County.

The PPN links career-seeking professionals with opportunities for networking and skills assessments along with no-cost workshops for resume development, effective social media techniques, job interview skills and more. Workshops will be conducted once a month at the Central Career Center in West Palm Beach.

The PPN staff works closely with the CareerSource Business Services team to identify the executive hiring needs and requirements of area employers in collaboration with local businesses, professional associations and economic development organizations.

Professionals who qualify to participate in the PPN can find more information and register online at http://www.careersourcepbc.com/job-seekers/professional-placement-network. Workshops are held at the Central Career Center – 3400 Belvedere Road, West Palm Beach, FL 33406.

If you would like to speak with a recruiter about recent graduates of the program, please contact jdunn@careersourcepbc.com.

 

Why Your Business Should Invest in Local Youth in 2019

Does your business love giving back to the community? In partnership with local businesses, CareerSource Palm Beach County’s Internship Program helps young adults with little to no work experience gain valuable, real-world knowledge of a particular industry or job all at no cost to the employer.

If you haven’t heard about CareerSource Palm Beach County’s Internship Program yet, here’s the breakdown:

Palm Beach County businesses can hire and train a young adult from CareerSource’s Internship Program at no cost! After a rigorous pre-screening process, interns are matched with employers and paid by CareerSource Palm Beach County to assist the employer for 12 weeks.

While employers are expected to provide mentorship and a valuable work experience for the intern, what they get in return is of much greater value. When businesses hire local interns, they give these young adults the opportunity to achieve.

For more information or to apply as an employer the Internship Program, visit here: https://extranet.careersourcepbc.com/employer