information technology - adworks.org€¦ · cyberstates 2016 report. the state’s tech industry...

INFORMATION TECHNOLOGY

INDUSTRY PROFILEInformation Technologyfor Arapahoe & Douglas CountiesColorado WIOA Central Planning Region

January 2017

INFORMATION TECHNOLOGYThe information technology (IT) cluster supports business activities in all other sectors of the economy with a variety of products and services, ranging from virus protection and other security programs for computers to specialized, custom software and computer integrated systems design. Technology enterprises are high-knowledge, human capital-based businesses that are expanding globally. This industry cluster report is based on a narrow definition of information technology to avoid double-counting workers in other technology clusters such as telecommunications and aerospace. This analysis divides information technology into two clusters: software and hardware.

A broader information technology cluster definition includes companies involved in software, hardware, and telecommunications. The definition can be expanded to include individuals employed in information technology occupations across all industries. Using this broader definition, the Colorado Technology Association (CTA)reports there are approximately 146,800 information technology workers in the state representing more than12,000 software, Internet, hardware, telecommunications, and related technology companies.

IT-software was the nine-county Metro Denver and Northern Colorado region’s1 fastest growing cluster in 2016, posting 9.4 percent employment growth between 2015 and 2016. In fact, this cluster grew at its fastest pace since 2001 as a result of landmark company expansion and venture capital activity. The region is home to more than 54,580 IT-software workers in nearly 5,180 companies, employing 2.4 percent of the region’s total employment base. Employment in the region’s IT-software industry grew for the sixth-consecutive year in 2016, adding over 13,920 workers between 2010 and 2016.

The region’s talent pipeline is a key ingredient for its entrepreneurial and innovative environment and is fueledby a growing IT-software workforce across the state. Colorado attracts young, scientific, and technical talent with millennials being the largest generational group of the total population. According to the U.S. Chamber ofCommerce Foundation, one-half to two-thirds of the millennials are interested in entrepreneurship, and 27 percent are already self-employed. Colorado has the third-highest concentration of tech workers, with 9 percent of the state’s private sector workforce employed in technology firms, according to the CompTIA’s Cyberstates 2016 report. The state’s tech industry payroll was $19.9 billion, with the ninth-highest average tech wage totaling $106,350.(courtesy of Metro Denver Economic Development Corporation)

Background

RankingsBusiness Insider ranked Colorado’s economy the third best in the coun-try, based on recent change in housing prices, nonfarm payroll growth, unemployment rate, GDP per capita, average weekly wage, and state government surplus and deficit.

Forbes ranked Metro Denver sixth of fastest growing cities in 2015. Factors that earned us this standing included our 4 percent unemploy-ment rate 2.66 percent job growth rate.

According to Money magazine, Denver is the best city to live in the West. The ranking called Metro Denver a “mecca for millennials” and that the city has relatively affordable real estate and great access to recreation.

WalletHub ranked three Metro Denver cities among the best in the country for first-time home buyers: Centennial ranked third, Longmont ranked ninth, and Thornton ranked 10th.


Top Employment Concentrations by County

County 2016 JobsBusiness

Establishments

Denver County, CO 17,065 1,808 1.68

Arapahoe County, CO 15,089 1,357 2.24

Boulder County, CO 13,818 1,379 3.64

Jefferson County, CO 7,393 1,116 1.48

Douglas County, CO 5,692 1,030 2.28

Broomfield County, CO 3,744 268 4.91

Larimer County, CO 3,620 571 1.10

Adams County, CO 1,553 345 0.37

Gilpin County, CO 24 13 0.21

Clear Creek County, CO 21 8 0.30

National Location Quotient

Employment Concentrations

Source: EMSI 2016.4 – QCEW Employees, Non-QCEW Employees & Self-Employed Class of Worker

This map show where the highest concentration of employment are in the information technology sector, by county, within the Colorado Central Planning Region.

2

Competitive Wage Analysis

4

INFORMATION TECHNOLOGYThis table shows employment within the Colorado Central Planning Region in the top 20 occupations in the sector. Regional wage ranges and the median wage are shown, with yellowed cells indicating where wage offers may have to fall to attract and retain qualified candidates based on labor supply (applicants per job opening).

Median Wage

ApplicantsPer Job

OpeningsAverageWage

10th Percentile

Wage

25thPercentile

Wage

75thPercentile

Wage

90thPercentile

Wage

$33.140.41 $36.42 $20.67 $25.76 $43.26 $56.06

$48.920.36 $49.79 $31.66 $39.16 $59.11 $71.44

$34.100.48 $38.80 $18.59 $24.29 $46.78 $65.06

$50.841.17 $50.43 $30.10 $40.22 $61.05 $71.54

$51.500.42 $52.32 $32.72 $41.85 $61.94 $74.58

$35.930.84 $38.46 $20.21 $26.28 $47.24 $61.41

$42.590.24 $45.02 $27.55 $33.71 $54.07 $69.03

$54.231.17 $64.77 $24.40 $35.58 $84.55 $123.58

$25.980.26 $29.49 $17.99 $20.49 $36.34 $46.68

$27.190.81 $32.38 $12.12 $18.11 $40.19 $58.54

Source: EMSI 2016.4 QCEW Employees, Non-QCEW Employees & Self-Employed Class of Worker

$46.670.84 $50.76 $23.63 $32.87 $62.25 $89.28

$39.020.30 $41.84 $25.02 $31.64 $50.45 $59.26

$40.180.43 $40.44 $24.96 $31.79 $49.32 $57.80

$31.280.45 $33.08 $20.11 $24.58 $39.96 $51.15

$69.871.30 $75.96 $47.64 $57.65 $87.56 $144.85

$44.660.55 $44.31 $25.44 $34.53 $54.40 $62.20

$26.130.36 $27.84 $16.84 $20.85 $33.37 $42.49

0.50 $17.48 $20.55 $25.13$16.57$13.53$11.50

0.46 $51.03 $60.39 $72.44$51.39$39.93$31.95

Description

Accountants & Auditors

Software Developers, Applications

Market Research Analysts & Marketing Specialists

Computer Hardware Engineers

Software Developers, Systems Software

Business Operations Specialists, All Other

Computer Systems Analysts

General & Operations Managers

Web Developers

Sales Representatives, Services, All Other

Sales Representatives, Wholesale & Manufacturing, Technical & Scientific Products

Computer Programmers

Network & Computer Systems Administrators

Computer Network Support Specialists

Computer & Information Systems Managers

Computer Occupations, All Other

Computer User Support Specialists

Customer Service Representatives

Computer Network Architects

Management Analysts

SOCCode

13-2011

15-1132

13-1161

17-2061

15-1133

13-1199

15-1121

11-1021

15-1134

41-3099

41-4011

15-1131

15-1142

15-1152

11-3021

15-1199

15-1151

43-4051

15-1143

13-1111

1,314

12,422

1,391

1,108

5,264

2,025

3,681

1,512

1,630

2,305

Total Number Jobs (in industry)

1,204

1,935

2,530

1,094

2,203

2,097

3,939

1,569

1,291

877 $37.18

1,445

724

463

86

335

779

429

1,381

153

675

Annual Openings

185

130

264

103

237

178

406

1,634

99

592

589

263

223

100

142

655

102

1,613

40

550

Available Applicants

156

40

115

46

307

99

144

823

46

220 0.37 $39.60 $23.05 $29.62 $46.75 $63.25

29,474

20,232

11,131

3,027

10,888

32,765

7,837

30,440

3,091

18,970

Total Number Jobs (across industries)

5,386

3,041

8,822

3,539

5,798

7,580

11,114

32,907

3,513

10,985

INFORMATION TECHNOLOGY Industry GrowthThis table shows projected yearly job growth through 2021. The National Location Quotient shows the relative concentration of employment in this industry in the Colorado Central Planning Region versus the national average. For example, with a Location Quotient of 3.75, you would read, “employment is 3.75 times more concentrated in the Colorado Central Planning Region than the national average.”

25,000

20,000

15,000

10,000

5,000

0

30,000

2.50

1.50

1.00

0.50

0.00

3.00

2.00

2021 Jobs

2016 Jobs

National Location Quotient

Data

Proc

essing

, Hos

ting &

Re

lated

Serv

ices

Inter

net P

ublis

hing &

Br

oadc

asting

& W

eb

Searc

h Por

tals

Softw

are Pu

blish

ers

Custo

m Co

mpute

r Pr

ogram

ming

Serv

ices

Comp

uter S

ystem

s De

sign S

ervice

s

Othe

r Com

puter

Re

lated

Serv

ices

Comp

uter F

acilit

ies

Mana

geme

nt Se

rvice

s81

385

6

27,2

61

24,3

33

3,40

93,

1768,

611

8,21

7

11,0

8010

,464

1,98

91,

797

20,1

66

22,5

34

INFORMATION TECHNOLOGY Difficult to Hire

Occupation (SOC)

42 146 3.48Computer Network Support Specialists

763 1,677 2.20Business Operations Specialists, All Other

1,021 1,970 1.93General & Operations Managers

94 110 1.17Computer Hardware Engineers

2,057 2,008 0.98

Software Developers, Systems Software

611 568 0.93

Accountants & Auditors

1,370 1,206 0.88


1,999 1,622 0.81

Sales Representatives, Services, All Other

192 152 0.79


598 437 0.73

Hires Per Listing


1,331 561 0.42

Computer Programmers

627 246 0.39


2,697 865 0.32Software Developers, Applications

407 125 0.31

Computer & Information Systems Managers

1,274 368 0.29

Sales Reps, Wholesale & Manufacturing, Technical & Scientific Products

1,384 343 0.25Computer Systems Analysts

1,844 442 0.24Network & Computer Systems Administrators

868 207 0.24

Computer Occupations, All Other 2,867 356 0.12

Web Developers 1,100 119 0.11

6

Avg Monthly Postings

Avg Monthly Hires

This chart shows the relationship between the number of job listings versus the number of hires for each of the top occupations in the sector.

If there are more listings than hires, it suggests that there are not enough qualified people to fill all the jobs.

If there are more hires than listings, it suggests there may be too many qualified people to fill too few jobs.

Very DifficultDifficultVery Easy MediumEasyDifficulty to Hire

Management Analysts

INFORMATION TECHNOLOGYTop Jobs Currently Listed in the Central Planning Region Last 120 Days

Top Jobs

Source: Wanted Analytics


Occupation Code15113200Volume

514Volume Prior Year

486

Computer Systems Analyst



313

Web DevelopersOccupation Code

15113400Volume


301

Marketing Managers



51




297

Information Technology

Project ManagersOccupation Code

15119909Volume


173

Management Analysts



139

Computer System Engineers/ Architects



134

Sales Representatives, Wholesale &

Manufacturing, Technical & Scientific

ProductsOccupation Code

41401100Volume

57Volume Prior Year

49

Computer ProgrammersOccupation Code

15113100Volume


140

Software Quality Assurance Engineers

& TestersOccupation Code

15119901Volume


161

Database AdministratorsOccupation Code

15114100Volume

86Volume Prior Year

115

Information Security Analysts



128

Sales ManagersOccupation Code

11202200Volume

75Volume Prior Year

57

Computer & Information

Systems ManagersOccupation Code

11302100Volume

82Volume Prior Year

86

Sales Representatives,

Services, All OtherOccupation Code

41309900Volume

49Volume Prior Year

47

Network & Computer Systems

AdministratorsOccupation Code

15114200Volume


492

Software Developers, Systems

SoftwareOccupation Code

15113300Volume

58Volume Prior Year

29

AccountantsOccupation Code

13201101Volume

57Volume Prior Year

43



43Volume Prior Year

40

INFORMATION TECHNOLOGY Training PipelineHere are the top 20 jobs in the industry, by number employed and educational attainment level.

Source: QCEW Employees, Non-QCEW Employees & Self-Employed - EMSI 2015.3 Class of Worker

Associate’s Degree

8

Postsecondarynon-degree

Sales Representatives, Services, All OtherSOC Code: 41-30992016 Jobs: 18,970

Annual Openings: 675Regional Completions: 55Completers/Opening: 0.08


SOC Code: 43-40512016 Jobs: 32,907

Annual Openings: 1,634Regional Completions: 0

Completers/Opening: 0.00

High School or equivalent

Bachelor’sDegree

General & Operations Managers

SOC Code: 11-10212016 Jobs: 30,440

Annual Openings: 1,381Regional Completions: 6,084Completers/Opening: 4.40

Computer & Information Systems ManagersSOC Code: 11-3021

2016 Jobs: 5,798Annual Openings: 237

Regional Completions: 1,461Completers/Opening: 6.16

Management AnalystsSOC Code: 13-11112016 Jobs: 10,985

Annual Openings: 592Regional Completions: 5,942Completers/Opening: 10.03


SOC Code: 13-11612016 Jobs: 11,131


Business Operations Specialists, All OtherSOC Code: 13-11992016 Jobs: 32,765


Accountants & AuditorsSOC Code: 13-20112016 Jobs: 29,474

Annual Openings: 1,44Regional Completions: 831Completers/Opening: 0.58

Computer Systems AnalystsSOC Code: 15-1121



Computer ProgrammersSOC Code: 15-1131


Regional Completions: 579Completers/Opening: 4.46


SOC Code: 15-11322016 Jobs: 20,232


Software Developers, Systems SoftwareSOC Code: 15-11332016 Jobs: 10,888


Network & Computer Systems Administrators

SOC Code: 15-11422016 Jobs: 8,822



SOC Code: 15-11432016 Jobs: 3,513



SOC Code: 15-11512016 Jobs: 11,114


Computer Occupations, All Other

SOC Code: 15-11992016 Jobs: 7,580


Computer Hardware Engineers

SOC Code: 17-20612016 Jobs: 3,027


Sales Representatives, Wholesale &

Manufacturing, Technical & Scientific ProductsSOC Code: 41-4011


Regional Completions: 50Completers/Opening: 0.27

Web DevelopersSOC Code: 15-1134



Computer Network Support Specialists

SOC Code: 15-11522016 Jobs: 3,539


INFORMATION TECHNOLOGY Top Five

CORE Skills

Certifications Companies


1 Oral & Written

2 Marketing

3 Creativity

4 Troubleshooting

5 Detail Oriented

Workplace Skills1 Oracle

2 Linux

3 Software Development

4 Java

5 Quality Assurance (QA)

1 TEKsystems

2 Northrop Grumman

3 CTG - Computer Task Group

4 Visa

5 Ciber, Inc.

1 Top Secret Sensitive Compartmented Information (TS SCI)

2 Certified Information Systems Security Professional (CISSP)

3 Driver’s License

4 Single Scope Background Information

5 Cisco Certified Network Associate (CCNA)

Below are the top five core skills, workplace skills, certifications and companies in the information technology industry.


25-34 22.2%

0.2%14-18

19-24 3.7%

35-44 29.8%

45-54 26.5%

55-64 14.9%

65+ 2.6%

It is helpful to know the age bands in a sector, because if there is a substantial percentage of people above 55 years old, it means there will be opportunity as retirements happen.

Based on Age Distribution, Arapahoe/Douglas Works! has developed a way to measure the ‘age gap’ in an industry by comparing the number of workers over age 45 to the number under age 34. Age gap is shown both as a percentage and a count.

Age Bands & Volume

Listing

Age Bands

This graph shows the week over week volume of listings in the Central Planning Region.

Source: EMSI 2016.4 QCEW, Non-QCEW & Self-Employed


10

0

500

1,000

1,500

2,000

2,500


Scan code to view report online

www.adworks.org

information technology - adworks.org€¦ · cyberstates 2016 report. the state’s tech industry...

Documents