Skip to Content
The Big Picture San Diego Blog


Talent and Universities

January 14, 2016

Talent is the cornerstone of today’s global economy. It drives corporate location decisions, encourages innovative urban planning and inspires entrepreneurship. In essence, talent is the key to economic growth. If regions – such as San Diego – want to get ahead, they must have the workforce to compete.

Today, San Diego Regional EDC released “Talent: Where San Diego Stands,” a comprehensive study that contextualizes San Diego’s standing in talent growth and retention with regard to highly-skilled engineering, science and tech talent in nine peer metros including Austin, Denver and San Francisco. By analyzing key factors for firms and site selectors and comparing key characteristics that attract talent, San Diego can better understand how to maintain its competitive edge.

 

Among peer metros, San Diego ranks…
2nd – percent growth of degree-holding millennials  (age 25-34)
1st – concentration of scientific R&D firms and employment
3rd– wages in sciences and engineering jobs
1st – lowest average commute times
2nd – average annual pay for R&D employees at $176,000
3rd – total number of scientific R&D firms

 

When looking for a place to start or continue a career, talent is demanding change. Infrastructure and creative office design are becoming critical requirements. Innovative workspaces, lifestyle, competitive wages and economic opportunity matter. 

 

 

Thank you to our study sponsors iboss Cybersecurity and Kilroy Realty Corp. with additional support provided by CBRE. 

January 5, 2016

This week we sat down with Seth Stein, president of workforce recruitment at Eastridge Workforce Solutions, to discuss how Eastridge is helping companies refine their talent recruitment processes. With Eastridge's Talent Acquisition Assessment, companies can see how their recruitment and technology practices stack up against their peers, providing insight on how to improve and refine current hiring processes.

For more on talent, attend EDC’s study release event to see how San Diego stacks up against its peer metropolitan cities in talent attraction and retention on Jan. 14. Register here.

1) Please tell us what Eastridge Workforce Solutions does.

Backed by over 40 years of experience, Eastridge Workforce Solutions makes attracting and managing a skilled workforce easier. We develop strategic workforce management programs, innovative technology platforms, and comprehensive staffing solutions customized for your organization. As the success of an organization relies on its talent, businesses partner with Eastridge to solve their workforce needs and stay ahead of the competition.

2) Identify current obstacles companies face in hiring.

The U.S. Bureau of Labor Statistics November 2015 report showed the unemployment rate declined to 4.8 percent, the lowest level in seven years. Across the country, niche positions are becoming increasingly difficult to fill as candidates receive numerous compelling offers.

In the recently published Consumer Price Index Report, consumer confidence in the economy is the highest rate in eight years. Candidates are feeling more confident than ever that they can find a position that offers competitive compensation and career growth. With multiple offers, candidates are demanding higher pay—even for entry-level positions.

As San Diego has shifted to a more candidate-driven market, employers have to quickly revise their hiring strategy. In order to secure top candidates, organizations must have a well-defined recruitment process to ensure consistent and repeatable performance through the hiring life cycle. This measures effectiveness and sets a baseline for ongoing expectations.

Organizations that do not have efficient hiring processes, like quick turnaround time from interviews to offers, are subject to losing top candidates to their competitors. To help HR professionals assess hiring challenges in today’s labor market, Eastridge Workforce Solutions developed a Talent Acquisition Assessment to gather data from companies nationwide and learn more about their recruitment performance.

3) How does the Talent Acquisition Assessment enable companies to refine their current hiring processes?

The Talent Acquisition Assessment allows companies to gauge their current recruitment and technology practices against their peers, helping reveal problem areas that exist in current hiring, communication and technology methods.

Organizations that are aware of any gaps that exist in current recruitment processes are better able to secure top candidates and stay ahead of the competition in today’s labor market. Companies that have leading edge recruitment technology and proven talent acquisition practices can source, interview, and hire top candidates quicker. Sticking to outdated methods creates gaps in talent acquisition performance.

October 14, 2015

 

Working to help create more opportunities for all San Diego residents and establish San Diego as an international city of innovation, Mayor Kevin L. Faulconer and the San Diego EDC opened doors at iboss Cybersecurity, one of the 500 fastest growing technology, media, telecommunications companies in North America.

Mayor Faulconer said, “Over the past several months, we have been cementing our reputation as a world-class leader in innovation. As mayor, I know that if San Diego is going to be a beacon of global innovation and opportunities, we need to support innovative companies like iboss to succeed. I want to make it easier for more world-class cyber security firms like iboss to call San Diego home.”

Paul Martini, CEO and Founder of iboss said, “We’re extremely excited to open our new global headquarters in San Diego which demonstrates how far we’ve come since we first launched here more than 10 years ago,” “San Diego is quickly becoming a hub for cybersecurity companies and that means the infrastructure and talent is in place to enable us to continue to grow here.”

Mark Cafferty, President and CEO of San Diego Regional EDC said, “While iboss has undoubtedly played a critical role in the world  of cybersecurity, it’s also been a great story for San Diego’s  innovation economy and global presence. iboss is showing that San Diego is a place where investors and companies can profoundly succeed in cybersecurity, technology and innovation.”

As a way of growing the region’s innovation economy, the City of San Diego’s development services division and economic development department worked in lock-step with iboss throughout its expansion, shepherding the company through the permitting process. The San Diego Regional EDC acted as liaison between the City of San Diego, the State of California and other entities to help the company through the process.  

Recently ranked by Deloitte Technology as one of the fastest-growing technology companies in North America, iboss Cybersecurity is heralded as the only company that can detect and contain large data breaches before loss occurs. iboss is also internationally recognized for its patented technology that automatically detects malicious data transfers before hackers can steal large amounts of sensitive information.

According to a 2015 economic impact study conducted by  EDC, iboss has a $59 million economic impact on the regional economy. With its new expansion, the company will directly employ approximately 270 workers. The company’s hires spur additional economic activity throughout the San Diego. In other words, for every ten jobs iboss creates in San Diego, an additional 13 new jobs are created in the region. Over the past three years, iboss has grown by more than 1800 percent and was named one of the fastest growing technology companies by Deloitte in 2014. The firm’s 4,000+ enterprise clients include Xerox, Sears and the U.S. Department of Interior.

iboss hosted a ribbon cutting ceremony for its new global headquarters in Sorrento Mesa. The 43,000 square-foot will house a new iboss threat research center, which identifies new malware and viruses that threaten computer networks. The iboss office builds on the company’s commitment to the San Diego community and highlights the growing cybersecurity industry in the region.  iboss is also partnering with the nearby University of California-San Diego Supercomputer Center to develop an internship program that will provide the company with a rich talent pool of qualified graduates.

 

TAGS
October 14, 2015

 

Working to help create more opportunities for all San Diego residents and establish San Diego as an international city of innovation, Mayor Kevin L. Faulconer and the San Diego EDC opened doors at iboss Cybersecurity, one of the 500 fastest growing technology, media, telecommunications companies in North America.

Mayor Faulconer said, “Over the past several months, we have been cementing our reputation as a world-class leader in innovation. As mayor, I know that if San Diego is going to be a beacon of global innovation and opportunities, we need to support innovative companies like iboss to succeed. I want to make it easier for more world-class cyber security firms like iboss to call San Diego home.”

Paul Martini, CEO and Founder of iboss said, “We’re extremely excited to open our new global headquarters in San Diego which demonstrates how far we’ve come since we first launched here more than 10 years ago,” “San Diego is quickly becoming a hub for cybersecurity companies and that means the infrastructure and talent is in place to enable us to continue to grow here.”

Mark Cafferty, President and CEO of San Diego Regional EDC said, “While iboss has undoubtedly played a critical role in the world  of cybersecurity, it’s also been a great story for San Diego’s  innovation economy and global presence. iboss is showing that San Diego is a place where investors and companies can profoundly succeed in cybersecurity, technology and innovation.”

As a way of growing the region’s innovation economy, the City of San Diego’s development services division and economic development department worked in lock-step with iboss throughout its expansion, shepherding the company through the permitting process. The San Diego Regional EDC acted as liaison between the City of San Diego, the State of California and other entities to help the company through the process.  

Recently ranked by Deloitte Technology as one of the fastest-growing technology companies in North America, iboss Cybersecurity is heralded as the only company that can detect and contain large data breaches before loss occurs. iboss is also internationally recognized for its patented technology that automatically detects malicious data transfers before hackers can steal large amounts of sensitive information.

According to a 2015 economic impact study conducted by  EDC, iboss has a $59 million economic impact on the regional economy. With its new expansion, the company will directly employ approximately 270 workers. The company’s hires spur additional economic activity throughout the San Diego. In other words, for every ten jobs iboss creates in San Diego, an additional 13 new jobs are created in the region. Over the past three years, iboss has grown by more than 1800 percent and was named one of the fastest growing technology companies by Deloitte in 2014. The firm’s 4,000+ enterprise clients include Xerox, Sears and the U.S. Department of Interior.

iboss hosted a ribbon cutting ceremony for its new global headquarters in Sorrento Mesa. The 43,000 square-foot will house a new iboss threat research center, which identifies new malware and viruses that threaten computer networks. The iboss office builds on the company’s commitment to the San Diego community and highlights the growing cybersecurity industry in the region.  iboss is also partnering with the nearby University of California-San Diego Supercomputer Center to develop an internship program that will provide the company with a rich talent pool of qualified graduates.

 

October 1, 2015

The San Diego Community College District’s (SDCCD) economic impact in San Diego County hit $5.7 billion last year, up from $5.2 billion in 2013-14.  In total, the district’s economic impact is equal to 3.1 percent of the county’s gross regional product, according to a new analysis.

The analysis by Idaho-based Economic Modeling Specialists International (EMSI) looked at spending by the district on everything from payroll to construction, in addition to the higher wages and spending from current and former students that is attributed to the education they received at the district.

“In addition to educating over 100,000 students to enter the workforce or to transfer to universities, the San Diego Community College District has and immense impact on the regional economy,” said SDCCD Chancellor Constance M. Carroll.  “Our colleges, our adult education campuses, and our multifaceted operations combine to provide an impressive return-on-investment.  We are proud of this and believe that this is important information for our community to have.”

The SDCCD employed 4,760 full-time and part-time faculty and staff last year, 95 percent of whom lived in San Diego County.  Total payroll was $237.2 million, much of which was spent in the region for food, clothing, housing, and entertainment, while the overall impact of operations spending reaching more than $445 million.  Construction spending attributed to voter-approved Propositions S and N added an additional $64.8 million and created 875 new jobs.

The accumulated impact of former students currently employed in the San Diego County workforce amounted to $5 billion in the Gross Regional Product, which is equivalent to creating 71,223 new jobs. In fact, the district is the region’s largest provider of workforce training.

“From manufacturing to software to life sciences, the district trains and guides the talent in industries that matter most to San Diego’s innovation economy,” said Mark Cafferty, president and CEO of San Diego Regional EDC. “This report reconfirms something we say time and time again: Investing in our community colleges means investing in our economy.”

The EMSI report used a wide array of data that included district academic and financial reports, along with industry and employment analysis from the U.S. Bureau of Labor Statistics and U.S. Census Bureau. Among the findings:

  • Taxpayers provided $334.5 million of state and local funding to the district, and will receive an estimated present-day value of $1.6 billion in added tax revenue stemming from students’ higher lifetime incomes and the increased output of businesses at which they work.  Reduced demand for government-funded social services yields a savings of $100.5 million.  All told, for every tax dollar spent on educating students attending the district, taxpayers will receive an average of $4.90 in return over the course of the students’ working lives – an annual rate of return of 16.2 percent.
  • In terms of societal benefits, the SDCCD and its students invested $1.3 billion in students’ educations during the analysis year.  For every dollar of this investment, society as a whole in California will receive a cumulative value of $14.80 in benefits, equal to the $19.9 billion in benefits divided by the $1.3 billion in costs.
  • Students will earn a present-day value of $3.4 billion in increased earnings over their working lives, thanks to the greater marketability due to the education they are receiving. This translates to a return of $4.20 in higher future income for every $1 that students pay for their education at the SDCCD – an annual rate of return of 17.7 percent.

Content provided by San Diego Community College District.


August 4, 2015

The job hunting game is changing. If you’re a programmer looking to score a job at a tech company or a recruiter looking for talent, you are probably placing less of an emphasis on job fairs. Instead, you are probably taking part in the modern-day tech career fair equivalent: a Hackathon.

Contrary to what the name entails, a Hackathon  – at least as we know it – is not a large scale event where people gather to hack into computers and networks. Rather, it’s a multi-day event, where people converge to engage in collaborative computer programming.

Beginning Oct. 2, more than 1,000 students from across the world will meet in San Diego for 36 hours at SDHacks. What started as an idea by the UC San Diego Triton Engineering Student Council (TESC) has already morphed into a grand-scale event. So far, of the 1,000 student signed up, two-thirds of them hail from outside the San Diego region, making SDHacks an attractive place for companies looking for talent.

With companies like Microsoft and Qualcomm already signed up to sponsor, the Hackathon promises to attract some of the best and brightest students from across the globe. 

EDC’s economic development committee has been supporting the work of the TESC. We’re looking for companies to join us in making this a success and ensuring that many of these talented job seekers know San Diego isn’t just a nice place to participate in a Hackathon, but that it’s an excellent place to launch a career.  

Interested? Contact Ashley Swartout at as@sandiegobusiness.org

 

July 31, 2015

San Diego Regional EDC, (EDC), Equinox Center, the Center on Policy Initiatives (CPI),and Posiba - with funding from The San Diego Foundation - launched INSIGHT San Diego yesterday. As the collaborative  planned the future of our region, they recognized the need to take record of how and where progress is measured.

This collective is an informative web platform designed to educate policy makers and the community on issues relevant to our regional quality of life- social equity, economic resilience, and environmental sustainability. 

“As we envisioned the future of our region, many recognized our need to also take inventory of where we are and measure our progress,” said Mark Cafferty, president and CEO of San Diego EDC. “We hope this collaboration with real time, unbiased feedback will inspire all to see that our varied perspectives can enrich the understanding of our region. These are truly exciting times for San Diego.”

Notably, an aspect of this vision is to make data more available for use by local municipalities, planning councils and service organizations as they consider the future of their respective communities, along with the needs and desires of their populations.

"INSIGHT San Diego emerged from local partnerships with the mutual interest of building a sustainable region. Equinox Center relies on these partnerships with leading organizations to increase its impact and continue building a healthy environment, strong economy and vibrant communities,” stated Stephen Heverly, managing director, Equinox Center.

This is the first installment in this collaborative effort to use data research and analytics. INSIGHT San Diego is designed to measure progress on advancing the priorities identified by 30,000 San Diego residents in Our Greater San Diego Vision, supported by The San Diego Foundation, for improving quality of life throughout the region. More recently, a University of Southern California study, Linking Innovation With Inclusion, identified our region’s growing diversity as an untapped source of strength for our innovation economy. 

According to Clare Crawford, executive director at CPI, “Equity is integral to having a healthy environment and a strong and sustainable economy in San Diego. This project is a great first step in having our researchers come together and look at the issues affecting our region. Through cross sector collaborations like these we hope to move San Diego forward."

Additionally, the project will analyze the region’s innovation, competition, and local talent attraction in order to continue the momentum of national attention San Diego has recently received from entities including Forbes and Inc., who boast San Diego’s rapidly advancing startup culture. San Diego was also just featured by National Geographic as part of its "World's Smart Cities" series, as one of 18 cities featured from around the world, showcasing San Diego’s quality of life, technology sector, and local modernizers.

You can view pictures from the launch here: goo.gl/UcK4qQ

EDC's participation in the project was made possible by the Morgan Family Foundation

Please check out INSIGHT San Diego at insightsandiego.info and let us know what you think. Join the conversation at #INSIGHTsd

June 23, 2015

When Mark Cafferty was recruited to take the reins at EDC in 2011, his first assignment was simple. Then executive committee member Vincent Mudd asked him to “tell us what the cover of Fortune Magazine will look like in five years.” A few days later, Mark came back with a well-crafted cover displayed in English, Spanish and Japanese. It is anecdotes like this that have defined EDC over the past 50 years.

Almost five years later, Vincent Mudd, now serving as chairman of EDC, delivered his annual talk at EDC’s 50th Annual Dinner.  Combing through the archives, he pays homage to EDC’s past – recounting the transformative leadership that has shaped the region  – and gives us a glimpse into what the future might look like.

Watch below: 

May 19, 2015

Point Loma Nazarene LogoSan Diego Regional EDC’s Annual Dinner will be held on June 4, 2015 at Sea World San Diego. Point Loma Nazarene University (PLNU) is once again serving as the underwriter for this year’s 50th Anniversary celebration.

We sat down with PLNU president, and EDC board member, Dr. Bob Brower to learn more about PLNU and what’s in store for the future - as they work together with the region’s other universities, to help develop San Diego’s next generation of leaders.

1) Tell us about PLNU.

Founded in Pasadena, California in 1902, PLNU moved to Point Loma in 1973 with 1,000 students. Since coming to San Diego, PLNU has experienced unprecedented institutional growth and development alongside the rapidly growing San Diego region. Today we serve over 3,600 students at our residential campus in Point Loma, in regional centers across Southern California and online.

As a liberal arts institution, PLNU is known for being forward-thinking. At PLNU, academics, faith, and community are all vital. Students benefit from this balanced approach to education and leave PLNU prepared to think, act, and contribute to San Diego and the world.  During our four decades in San Diego we have become an institution known for excellence in academic preparation, wholeness in personal development, and faithfulness to mission.

2) Ensuring San Diego has a steady stream of talented university grads is essential to our regional competitiveness strategy. What are some of the advantages to having your university located in San Diego?

It is the accessible and collaborative character of our region that provides an unparalleled advantage to our students and compels PLNU to remain invested in San Diego.

Dr. Brower on why PLNU thrives in SD

Our students benefit from a region that is invested in developing talent to compete on the world stage - while maintaining a distinctly regional focus. Furthermore, the collaborative relationships that exist among San Diego’s robust and diverse higher education and business communities further affirms our respective institutions’ commitment to educational quality for the benefit of our students and the future of San Diego.

Through faculty leadership and community support, our students and alumni actively contribute to regional dialogue and potential solutions on a variety of issues. PLNU’s Fermanian Business and Economic Institute is actively informing local economic policy in the areas of housing affordability, military economic impact and homelessness. The Center for Justice and Reconciliation at PLNU serves as a regional convener of local law enforcement, nonprofit agencies and policy makers in the continued campaign against human trafficking in San Diego. Our Institute for Politics and Public Service, through the Malin Burnham Center for Civic Engagement, is engaged in the study and practice of civil discourse together with the promotion of the quality of life in a community, through both political and non-political processes. School of Nursing faculty and students are invested in the community of City Heights through PLNU’s Health Promotion Center, providing health education, screening and access to care.

3) What do you anticipate for PLNU in the next 5 years?

Steven Mintz, writing in The Chronicle of Higher Education, explained more than two years ago that “higher education is now in a revolution of change.” American colleges and universities are experiencing the most rapid and dramatic changes in history – PLNU is no exception.

Preparing students as effective leaders in a rapidly changing world is not a new calling for PLNU; it is the foundation of our history and work. For generations, PLNU has developed students deep in conviction and life skills who were academically well prepared to meet the challenges and opportunities of their day.

In effort to support this development, PLNU will celebrate the completion of our new science complex this summer. With nearly 40 percent of PLNU’s undergraduate students majoring in one of the STEM-related disciplines, this much-needed facility reflects the quality of our faculty and students, further strengthening the undergraduate research programs which offer students the ability to conduct faculty mentored research. This hallmark of the undergraduate science experience at PLNU produces graduates ready for future doctoral research and equipped to serve in San Diego’s life science and high tech clusters – but it is not unique to the STEM disciplines.  As in the past, we will continue to develop critical and ethical thinkers equipped to meet San Diego’s workforce needs in the STEM, humanities and business fields.

PLNU remains focused on strengthening and expanding our distinctive learning community and enhancing our ability to respond proactively to the dynamic environment of higher education and the San Diego region. We continue to develop strategies and programs for degree access beyond the traditional, residential campus. Whether through new hybrid and online programs in advanced studies or adult degree completion, or baccalaureate partnerships with the region’s community colleges, we strive to serve new populations of students, thus allowing PLNU to further meet the workforce development needs in our region and prepare effective leaders who impact San Diego and the world.

4) What do you anticipate for the San Diego region?

As a region, San Diego is not immune to change. Building upon a unique culture of creativity and collaboration, San Diego has - and will continue to - distinguish itself as a leader in innovation, defense, healthcare, and tourism sectors. This necessitates the training and development of human capital in a variety of ways to better meet San Diego’s current and future workforce needs.

May 18, 2015

 

We all have to start our career somewhere. And that ‘somewhere,’ whether it’s running the local paper route or dipping cones at the local ice cream shop, has a strong impact on the rest of our careers. While these first jobs may not uncover one’s lifelong passion, they often do translate into invaluable skills you carry with you for the rest of your career.

That’s one reason why CONNECT2Careers (C2C), a youth summer employment initiative administered by the San Diego Workforce Partnership (SDWP), has launched the #MyFirstJobSD video campaign. To raise awareness for the need to increase youth employment in San Diego, C2C asked a number of prominent San Diegans to reminisce about their first job—what it was, what it taught them and what advice they would give their younger selves. The result is a series of short, inspiring #MyFirstJobSD videos. Featured San Diegans include Mayor Kevin Faulconer, NBC 7 anchor Marianne Kushi, San Diego Regional Chamber CEO Jerry Sanders, and State Assembly Speaker Toni Atkins. New videos will continue to be released through June.

“The #MyFirstJobSD campaign is meant to remind us what our first job meant to us and encourage the opening of doors to our future workforce,” says Peter Callstrom, CEO of SDWP. “Summer employment through C2C is a great way to gain experience and for employers to invest in the up-and-coming talent pool.”

C2C encourages San Diegans to use social media to spread the word about the #MyFirstJobSD campaign, share your first job story using the hashtag, ask others what their first job was, and keep the conversation going.