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Conducting Workforce Studies & Using Real-time LMI in Research

Conducting Workforce Studies & Using Real-time LMI in Research. Real-Time LMI Research Case Studies. Identifying Hard to Fill Stem Occupations The Conference Board Help Wanted OnLine (HWOL) . Labor Market Statistics Center. Using Real Time HWOL Job Ads

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Conducting Workforce Studies & Using Real-time LMI in Research

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  1. Conducting Workforce Studies & Using Real-time LMI in Research Real-Time LMI Research Case Studies

  2. Identifying Hard to Fill Stem Occupations The Conference Board Help Wanted OnLine (HWOL) Labor Market Statistics Center

  3. Using Real Time HWOL Job Ads in Determining Hard to Fill Stem Occupations • Florida’s LMS uses Wanted Analytic’s monthly FTP download of HWOL Job Ads in its new expanded Supply/Demand Report • The file contains job ads data by occupation by area (State, MSA, & County- we add workforce regions as another area) • The file has Total Job Ads, as well as the number that are New Ads and the number that are Old (reposted) Job Ads

  4. Using Real Time HWOL Job Ads in Determining Hard to Fill Stem Occupations (cont’d) • LMS examined Florida Stem Jobs for a four month period (June – September 2011) • Reviewed in quintile rank order, the proportion of Old Ads to the number of Total Ads in attempt to use the metric as a way to identify “Hard to Fill Jobs” 5th Quintile= Hardest to fill 4th Quintile= Hard to fill 3rd Quintile= between Easy and Hard to fill 2nd Quintile= Easy to fill 1ST Quintile – Easiest to fill

  5. Real Time HWOL STEM Job Ads were collected by Occupation for 4 months*… * June – September 2011

  6. The 4 Months of HWOL job ads data then aggregated together by occupation---- * 1= Less than HS 2=High School 3=PSAV 4= AS, AAS 5= BACHELORS 6=MASTERS’ and UP

  7. The Job Ads then ranked & ordered by % of Old ads in Total Ads - by Quintile Level Occupations appearing to be hardest to fill – 5th Quintile

  8. Occupations appearing to be hard to fill - 4th Quintile

  9. Occupation’s appearing between easy and hard to fill - 3rd Quintile

  10. Occupations appearing to be easy to fill - 2nd Quintile

  11. Occupations appearing to be easiest to fill - 1st quintile

  12. Possible Reasons for Reposted Ads… • Employers not able to find qualified applicants with desired skills • Employers not able to attract applicants due to the salary they offered • Seasonality may affect supply (e.g., teachers normally hired at start of school year, available supply is much more limited during academic year) • Headhunters fishing for resumes may be cause for some reposted ads

  13. Next Steps… • More work and research needs to be undertaken to determine if job ad age can be used as an indicator for identifying hard–to-fill occupations • The HWOL system now offers a “Job Ad Age Filter” that can be used to examine individual occupational ad ages by 30, 60, 90, 120, 180 & 360 days • More exploration is needed using these ad age indicators and filters

  14. Real-Time LMI May 2012 Labor Market Statistics Center

  15. Real-Time LMIHelp Wanted OnLine ™ (HWOL) • States are to train workers for jobs in demand, according to the Workforce Investment Act • What are states to do in the depths of a recession when traditional LMI shows little or no jobs in demand? • Traditional LMI is based on net job gains and losses by month • In Florida, during the recession all industries were in decline except healthcare • Could all of Florida’s one million unemployed work in healthcare?

  16. Real-Time LMIHelp Wanted OnLine ™ (HWOL) • States need to catch the churning in the job market • Industries with a net decline in employment still have hiring needs • The answer: Real-Time LMI • Conference Board; Help-Wanted OnLine (HWOL) • Geographic Solutions; Employ Florida Marketplace • Real-Time LMI is unduplicated job openings (ads) by occupation obtained by spidering technology

  17. Benefits of Real-Time LMI • Currency (continuously updated) • Geographically comprehensive • Nation, State, MSA, County, City • Actual posted openings—not an estimate • Has proven to be a leading indicator • May include new and emerging occupations • Useful for keyword searches • Industry specific searches • STEM • Supplement to traditional LMI—not a replacement

  18. How Real-Time LMI Helps WIBsQuotesfrom Mason Jackson, President/CEO WorkForce One, Fort Lauderdale Workforce Board • HWOL helps the local board be the “go to” for the media • Describe what is happening in the local economy NOW • Finds out which employers are hiring for what • Use for hiring leads/reemployment • Use for contact for services • Use for business outreach • Helps the board be relevant • Establish the board in the community • As a source of information • As a source of services

  19. Additional Uses of Real-Time LMI • Drives training decisions for occupations in demand • Adds value to partnerships with economic development/education • New source of information for site selection consultants • Helpful information for community colleges • Identifies economic recovery trends in cities and regions • Helps board be proactive with news media • Timely information • Ready-to-go charts and tables • Allows career counselors to target employment opportunities by education level and salary • Supports supply/demand model with a real-time demand indicator • Provides an indicator of hard-to-fill job openings

  20. Real-Time LMI Help-Wanted OnLineOccupations In Demand

  21. Real-Time LMIHelp Wanted OnLine™

  22. Real-Time LMIHelp Wanted OnLine™

  23. Real-Time LMI Help-Wanted OnLineCities With Most Online Ads

  24. Real-Time LMI Help-Wanted OnLineEmployers With the Most Online Ads

  25. Help Wanted OnLine™A Leading Economic Indicator?

  26. FLORIDA’S EXPANDED SUPPLY / DEMAND REPORTFunded by the Workforce Data Quality Initiative (WDQI) May 2012 Labor Market Statistics Center

  27. Florida’s Supply/Demand Model • The indicators of potential labor supply by occupation are : • WIA training enrollees and completers • School District postsecondary vocational/technical enrollees and completers • Florida College System (formerly Community colleges) enrollees and completers • Commission on Independent Education - private education and workforce enrollees and completers • Florida Public University graduates • Jobseekers with known desired occupations • (real-time indicator)

  28. The indicators of occupational demand are: • For Short-Term Analysis • The Conference Board’s Help Wanted OnLine (HWOL) data series of monthly job ad openings • or; • Monthly job openings from the state’s job bank – Employ Florida MarketPlace (EFM) • For Long-Term Analysis • OES projected openings by occupation

  29. Other informational data available are: • Projected annual average occupational openings including entry, median and experienced wages • Targeted Occupations List (TOL) indicator • Enterprise Florida’s Targeted Industry Cluster indicator

  30. The timing for data updates for the Supply/Demand web application are: • WIA, Jobseekers and Help Wanted • OnLine job ads - Monthly • Public Education - Annually • Term-by-term coming soon • Private Education - Annually • OES Projections - Annually

  31. DATA CAVEATS

  32. DATA CAVEATS (CONT’D)

  33. DATA CAVEATS (CONT’D)

  34. Computer Systems AnalystsLabor Supply / Demand Indicators by Occupation

  35. Florida Department of Economic Opportunity Labor Market Statistics Center Caldwell Building MSC G-020 107 E. Madison Street Tallahassee, Florida 32399-4111 Phone (850) 245-7257 Rebecca Rust Rebecca.Rust@deo.myflorida.com www.floridajobs.org/lmsc www.floridawages.com http://www.whatpeopleareasking.com/index.shtm

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