May 17, 2012
 






Wage Growth
External Goal

Goal: Positively impact the private sector wage rates in St. Johns County

Background: The private sector average wage in St. Johns County for 2009 was $34,842.  This is below the levels in 2008 and 2007.

Measurements:
Year 1 - The next report will be for the year ended 2010, therefore no action can be taken to impact this measurement.  Our goal is to stop the decline in private sector wages in the County and keep the average stable at $34,842 (2010 report). 

Year 3 – The next two years our goal is to begin to see wage growth in the County at 2% per year.  Therefore, the goal for the average private sector wage (2012 report) will be $36,250 (depending on actual results of 2010 report).

Year 5 – The following years our goal is to begin to see wage growth in the County at 2.5% per year.  Therefore, the goal for the average private sector wage (2014 report) will be $38,085 (depending on actual results of 2010 report).

Recognizing the dynamic environment in which this metric resides, we will compare the percentage change in total private sector jobs in St. Johns County to that of the State of Florida and the United States as a whole to measure our progress.


Source Data: Florida Agency for Workforce Innovation, Labor Market Statistics Center

    








 
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