As economic and workforce development professionals, you are on the front lines of your community’s response to COVID-19. To support your community and provide impactful assistance to local businesses, you and your businesses need to be armed with the right data. Please join us Thursday, April 2, from 12:00pm to 1:00pm PST for our Real-Time Data to Support Your Local Businesses Right Now webinar.
Economic and workforce developers are always expected to have a pulse on the local economy and know its levers and pulleys. As communities grapple with the impacts and economic fallout of COVID-19, this is more true than ever. By providing sound data to help frame conversations and make better decisions, economic development organizations can greatly assist in efforts to lessen the immediate shock and quicken the recovery.
Both employers and job seekers want to be efficient in the hiring process, and skills data helps them do it. With a clearer definition of a job, the needs of employers and the abilities of workers can be better matched in the job market. Furthermore, the likely transitions of workers and the education needed to make those transitions become clearer when using skills.
Skill clusters provide real time information on the push and pull occuring within a labor market. Coupling this information with trends and benchmarks derived from traditional LMI gives communities a truly comprehensive picture, allowing them to determine what differentiates them from other markets. And as a region’s supply and demand of labor shifts, skill clusters give economic and workforce developers, educators, and businesses the ability to be more prescriptive than reactive in the adjustment of programs and strategies.
Anne Arundel County had a problem, but it was also a great opportunity. Low unemployment meant businesses had open positions they couldn’t fill. Their ALICE population had the skills and work ethic to fill those positions. Data helped identify the barriers that were in the way.
Now in its fourth edition, this year’s Talent Attraction Scorecard revealed positive trends in small communities out West, rural Southern counties, and the Sunbelt. In a recent webinar we dove into these findings and others, discussed helpful strategies to tackle this work, and guiding principles to always fall back on. If you missed the webinar, you can watch it here!