Prescott Valley Economic Development Foundation: Workforce

Overview

Work Force Study

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Prescott Valley has a wide variety of skilled workers who enjoy our reasonable cost of living, security, a community environment, and family atmosphere. The following sources offer a good look at the workforce in the Prescott Valley region:

Complete Demographic Report - Sept 2009
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Prescott Valley is one of Northern Arizona's fastest growing communities, with a population increase from approx. 17,500 to a near 44,000 since 1996. Prescott Valley is part of what is known as the quad-city region whose population is estimated at 148,200 (2009). Find more demographic information in the complete report.

The Quad-City Area of Arizona
Wage & Fringe Benefits Survey Report - 2010
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The 2010 Quad-City Area of Arizona Area Wage and Fringe Benefits Survey was sponsored by the Quad-City Regional Workforce Study Partnership. The Pathfinders, an economic development and corporate site-selection consultant firm located in Dallas, TX, conducted the survey. Information was gathered via a printed or e-mailed survey form.

The wage data presented by job title for hourly positions in this report includes:

Low Entry Pay
Average Entry Pay
High Entry Pay

Low Average Pay

Mean Average Pay
High Average Pay
Weighted Average Pay

Fringe benefits reported include insurance, sick leave, holidays, vacations, and financial plans.

The Yavapai County, Arizona
Labor Availability Report - 2010

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The Pathfinders has employed its many years of experience in workforce

assessments for corporate site-selection clients and civilian workforce

assessments for the Department of Defense in locations that faced military

base closures to produce this evaluation of the Yavapai County, Arizona area

workforce. The information presented in this report has been developed

independently of the client, and the client has not influenced the findings.

In site-selection projects, the question that most often drives the search is

whether the candidate location has the workforce needed for a new or

expanding operation; consequently, an analysis of an area's workforce

became a key component of site searches conducted by the Pathfinders.

Senior human resources executives from among corporate clients assisted in

refining this methodology and report format.

This report represents the objective and professional view of The Pathfinders

with regard to workforce quality, availability, costs, experience and skills that

a new or expanding employer can expect in theYavapai County region.

SUMMARY OF FINDINGS :

The Yavapai County area, referred to in this report as the “labor shed,” has a household population of approximately 211,800; a civilian labor force of approximately 98,900; and a pool of approximately 10,400 unemployed persons who are actively seeking work.
The results of this survey indicate that a new or expanding employer will be able to attract employees from an additional pool of about 13,900 underemployed workers.
The desired pay rates of these underemployed workers are somewhat reasonable when compared to their existing pay rates. The median current pay rate of the underemployed workers is $16.90 per hour, and their median desired pay rate is $20.47 per hour.
The median desired pay rate of the unemployed workers who are actively seeking work is $14.65 per hour.
Survey results indicate 2% of the underemployed and 4% of the unemployed, actively seeking work individuals have less than a high school degree.
In addition to the underemployed and those unemployed individuals who are actively seeking work, survey results indicate approximately 1,000 unemployed individuals in the labor shed who are not actively seeking work but would consider re-entering the workforce.
In total, the Yavapai County area has approximately 25,300 available workers for new or expanding businesses.