The use of labor market information in strategic human resource management
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The Use of Labor Market Information in Strategic Human Resource Management. Doug Leonard, Senior Economist Wyoming Department of Employment, Research & Planning [email protected] (307) 473-3811 http://doe.state.wy.us/lmi. Topics Covered. What Research & Planning is and what it does

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The Use of Labor Market Information in Strategic Human Resource Management

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The use of labor market information in strategic human resource management

The Use of Labor Market Information in Strategic Human Resource Management

Doug Leonard, Senior Economist

Wyoming Department of Employment, Research & Planning

[email protected]

(307) 473-3811

http://doe.state.wy.us/lmi


Topics covered

Topics Covered

  • What Research & Planning is and what it does

  • Standardized comparable compensation data

  • Custom products


Research planning

Research & Planning:

OUR ORGANIZATION:

R&P is a separate, exclusively statistical entity.

WHAT WE DO:

R&P collects, analyzes, and publishes timely and accurate labor market information (LMI) meeting established statistical standards.

OUR CUSTOMERS:

LMI makes the labor market more efficient by providing the public and the public’s representatives with the basis for informed decision making.


Confidentiality

Confidentiality

  • Wyoming Employment Security Law, Statute 27-3-603 Confidentiality of Information

  • PL 107-347, Title V Confidential Information Protection and Statistical Efficiency Act of 2002

  • PL 103-322 Title XXX Protection of Privacy of Information in State Motor Vehicle Records

  • Interagency Agreement with Board of Nursing

  • Memorandum of Understanding with R&P counterpart research offices in ten states

  • Memorandum of Understanding with the Worker’s Compensation and Safety Division of the Department of Employment

  • Memorandum of Understanding with the Vital Statistics section of the Department of Health

  • Memorandum of Understanding with the Defense Manpower Data Center (Pentagon)


Standardized comparable compensation products

Standardized Comparable Compensation Products


The use of labor market information in strategic human resource management

Research & Planning’s Website (http://doe.state.wy.us/LMI)

P. Ellsworth, DOE R&P, 5/17/2007


Example wage rates for the casper metropolitan statistical area

Example: Wage rates for the Casper Metropolitan Statistical Area.

P. Ellsworth, DOE R&P, 5/17/2007


Example quarterly census of employment wages qcew

Example: Quarterly Census of Employment & Wages (QCEW)

P. Ellsworth, DOE R&P, 5/17/2007


Wyoming qcew data by county

Wyoming QCEW Data by County

P. Ellsworth, DOE R&P, 5/17/2007


Qcew data for natrona county by industry

QCEW Data for Natrona County by Industry

P. Ellsworth, DOE R&P, 5/17/2007


Occupation and skill projections

Combination of two data elements:

Occupational Employment Statistics staffing pattern (see slide 17)

Current and projected QCEW employment levels (shown on slides 9 & 10)

Occupation and Skill Projections


The use of labor market information in strategic human resource management

Source: Glover, T. (2006). Industries and occupations with a demand for skilled workers. Outlook 2010 Revisited:

Wyoming’s Labor Market at Mid-Decade.


The use of labor market information in strategic human resource management

Source: Glover, T. (2006). Industries and occupations with a demand for skilled workers. Outlook 2010 Revisited: Wyoming’s Labor Market at Mid-Decade.


National compensation resources

National Compensation Resources


The use of labor market information in strategic human resource management

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The use of labor market information in strategic human resource management

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The use of labor market information in strategic human resource management

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The use of labor market information in strategic human resource management

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The use of labor market information in strategic human resource management

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Custom data products

Custom Data Products


Research planning surveys

Research & Planning Surveys

Benefits Survey


Workforce planning study

Workforce Planning Study

Doug LeonardSenior EconomistWyoming Department of EmploymentResearch & Planning

PO Box 2760Casper, WY 82602

(307) 473-3811

[email protected]


Labor flows workers 55 years old

Labor flows:Workers <55 years old

28


What we found

What we found…

  • Management or career advancement training most important to workers <44 years of age

  • Occupations of concern...

  • Employees were the least satisfied with compensation

  • 70% of DOE employees leaving in 12 months are female and 58.9% have comparatively low wages


What we found1

What we found…

  • Willingness to train other employees

  • “More respect from management”

  • “…speak our minds without fear of reprisal.”


Labor supply issues

Labor Supply Issues


The use of labor market information in strategic human resource management

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The use of labor market information in strategic human resource management

Loss of 44,253 workers in five years


The use of labor market information in strategic human resource management

Loss of 45,127 workers in five years


The use of labor market information in strategic human resource management

Although female workers’ fortunes have improved somewhat, the pattern remains the same as in 1992


Commuting patterns

Affect locality of consumption for :

Goods

Services

Can be a predictor of relocation

Commuting Patterns


The use of labor market information in strategic human resource management

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Imported labor

Imported Labor


Nursing study

Nursing Study


Worker s compensation claims

Worker’s Compensation Claims


Wyoming worker s comp 2004 total claims

Wyoming Worker’s Comp, 2004Total Claims

  • Total Claims in 2004: 16,165

  • Registered Nurses: 331

  • Licensed Practical and Licensed Vocational Nurses: 69

  • Nurse Aides, Orderlies, and Attendants: 431

  • Number of Claims for Three Occupations: 831

  • Claims for Three Occupations as a Percent of Total Claims: 5.1%


In summary

In Summary….


Scouting for potential labor

Scouting For Potential Labor

In-state

Out-of-state


Out of state

Out-of-state

See what’s out there before you take aim


The use of labor market information in strategic human resource management

How do we keep the employees we have now?


The use of labor market information in strategic human resource management

Make an investment

  • Compensation package

  • Training

  • Longevity incentives


The use of labor market information in strategic human resource management

Use LMI to find your trophy employee!


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