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Clarksville- Main File

According to Emsi

According to Emsi profile data, the typical compensation for all occupations ranges from $14.57 per hour to $19.71 per hour. The median compensation was $17.14 per hour and correlates closely to the median compensation for workers with 9 years of experience (see Figure 24). The typical compensation for production workers in Montgomery County ranges from $16.87 per hour to $22.82 per hour. The median compensation is $19.85 per hour, and also correlates most closely to the median compensation for workers with 9 years of experience (Figure 25). FIGURE 24: Compensation by Years of Experience, Montgomery County (All Occupations) Hourly Compensation by Years of Experience 3 Years $12.68 4 Years $13.71 5 Years $14.26 6 Years $15.24 7 Years $15.84 8 Years $16.64 9 Years $17.14 10 Years $17.76 11 Years $18.76 13 Years $19.80 14 Years $20.94 15 Years $21.70 $17.14/hr $14.57/hr –15% Median Typical Compensation $19.71/hr +15% Source: Emsi, Workforce Insight dataset FIGURE 25: Compensation by Years of Experience, Montgomery County (Production Occupations) Hourly Compensation by Years of Experience 2 Years $14.88 3 Years $15.47 4 Years $16.51 5 Years $17.02 6 Years $17.80 7 Years $18.58 8 Years $19.34 9 Years $19.85 11 Years $20.64 12 Years $21.32 13 Years $22.32 15 Years $22.70 16 Years $23.73 19 Years $24.77 $19.85/hr $16.87/hr $22.82/hr –15% Median Typical Compensation +15% 42 COMPREHENSIVE LABOR ANALYSIS: CLARKSVILLE-MONTGOMERY COUNTY

STAKEHOLDER THEMES • 50% of respondents to the survey indicated intention to add to the workforce over the next 2 years. This feedback supports the data projections for continued strong industry growth and positive pressure on the labor market. • Clarksville, and the surrounding Tennessee/Kentucky area, had a July 2017 unemployment rate of 5.45%, decreasing from 8.10% five years before. Currently, the average wage in Montgomery County is significantly below the national average. While a strong labor market should push wages higher as companies compete for talent, much of this average is made up by a disproportionate number of low skilled food, retail, and distribution workers. Focus group manufacturing representatives indicated that wages range from $11/hour to $15/hour to start. However, particularly in larger companies, wages scale up rapidly the first few years. In one example, new employees start at slightly more than $13/hour, but see their wages grow to nearly $18/hour after two years. • When asked to rank economic development priorities, the top 5 ranking items, in order, were: infrastructure investment, size of the workforce, quality of the roads, funding for workforce development and training, and workforce training and availability. • Certain stakeholders sense differences between how the City and County want to move forward with respect to Clarksville’s development. One benefit of studying the labor force and the economy is that the data can provide a platform from which to make decisions. However, the effort should be made to align and prioritize values so that all stakeholders can move forward in lock step. Rapid growth is occurring in Clarksville; the quality and nature of this growth will depend on the community’s ability to quickly make and implement strategic decisions. • Some survey respondents and focus group participants identified the need for quality of life amenities to attract and keep a professional workforce in the area. Currently a low supply of middle skill and professional jobs exists. This indicates the need for diversification. If Clarksville can attract or grow businesses that require higher skilled talent, that talent can create a selfsustaining cycle of spending for amenities and education for long-term economic sustainability. The Economy and Job Performance 43

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