An Illustration from Analyst
Here's a quick report from Analyst, EMSI's web-based labor market tool. The report highlights computer software engineers, and it demonstrates the types of information that EMSI pulls together. On this page you can see current job postings, age and gender breakouts, trends, educational attainment, educational programs, the top industries that staff software engineers, the number of people who have received degrees from colleges/universities, and an estimate of annual openings.
Click on the image to see the full Analyst occupation report.
The Longer Story: How it All Fits Together
For many companies, strategic talent management has become a key focus, and it's creating a big need for more comprehensive, blow-by-blow analysis of the workforce. One of the best ways to produce this analysis is via labor market data. Why? Because labor market data comes from massive, standardized datasets that are packed with details about industries, occupations, trends, wages, skills, and education for almost any geography -- details that are useful for strategic analysis.
WHY LABOR MARKET DATA?
Need to know the supply and demand for computer programmers? Looking for the industries that are hiring engineers? Interested in which occupations are staffed by manufacturing? Curious where the highest concentrations of production occupations are? Want to find out about the job churn in the health care sector? These are all questions that labor market data can answer.
The goal is to gain a data-driven understanding of current and future talent needs and the workforce dynamics of the numerous industries and occupations that make up our diverse economy.
WHAT EMSI DOES
EMSI adds value by collecting labor market data and building simple web-based software that allows you to turn data into useful workforce information for any county, ZIP, MSA, or custom region in the US, Canada, or the UK. EMSI data is an integration of over 90 sources, including the BLS, Census, and BEA. The data is updated four times a year, which means that you will always have access to the most up-to-date information. We also provide robust support and instruction just in case you need a bit of help, or want to become more adept in the arena of labor market data.
How the Data Can Be Used
1. Strategic Planning
- Discover "at-risk" occupations across your corporate sites
- Develop a summary of the supply and demand for occupations
- Produce detailed age and gender breakdowns for occupations
- See the pipeline of graduates that are produced for specific occupations, as well as the programs and institutions that are preparing future employees
- Measure the compatibility of local workers for a new operation
2. Talent Recruitment
- Preview the available talent pool for a given occupation
- Compare how wages in a market compare with market averages
- Research potential labor imbalance between supply and demand
- Find out which higher education institutions are producing the talent that you might need
3. Addressing Talent Shortages
If the local data indicates that a given field has a shortage of talent, we also have tools that can help you both broaden and target your recruiting base.
- See other occupations that have talent with compatible skills
- Discover the regions of the country (by county, MSA, or state) that have an available supply of talent