labor market analysis

FAYETTEVILLE TECHNICAL COMMUNITY COLLEGE

Labor Market Analysis in Just a Few ClicksPlanning and Research

Use of Career Coach and Job Analyst in Higher Education

Fayetteville Technical Community College


Does This Sound Familiar?

Do you wish you could have access to real-time labor market data that is both reliable and valid?


Access To Reliable and Valid Data

• What tools are available for collecting and analyzing data using “real-time” information data sets?

• Why supervisors tend to make “gut-feeling decisions” over “data-driven decisions?

• How easy it is to develop trend charts, up to 10 years into the future, with just a click of the mouse!

• Who in your organization can benefit from these analytical reports?

• When you need occupation, salary and regional demographic data – it is readily available!


Factors Inhibiting Decision Reliability

• Volatile economic trends impacting enrollment.• Incomplete and sometimes conflicting data from

governmental sources.• Federal and state data collection sometimes lags six

months to three years behind current fiscal year.• Data suppression might affect meaningful analysis.• Labor-intensive nature of pulling.• Not enough data sources being used for reliability

and validity tests of the data.


Current Decision-Making Drivers

• Local Surveys (i.e. Current Students or Graduates)

• State surveys such as NCHEDS (North Carolina Higher Education Data Systems)

• Federal Surveys such as IPEDS (Integrated Post-Secondary Education Data Systems)

• Retention Analyses• Graduation Rates• Anecdotal Evidence

Need Statement: We need tools that provide real-time data to make informed decisions based on solid evidence from trusted sources for current and future planning.


EMSI Analyst• Draws upon 90 sources of independent data simultaneously.• Provides historic economic and occupation data and allows up

to 10 year future projections/trends.• Provides an informed regional or state perspective of

occupations trending positively or negatively, along with anticipated projections. National Data is now available.

• Dashboard labor market information in a real-time format.• Translates CIP to SOC, integrated with labor market data,

offering current and projected occupational demands.• Excellent supplement to program reviews, end-of-year

reporting and Strategic Planning assumptions.

Demo of Analyst Report for local region

Demo of Analyst Report for another state

https://login.economicmodeling.com/login/login.php?logout=1&userid=50590

http://www.faytechcc.edu/assessment/pdf/practicalnursingoccupationreport.pdf

http://www.faytechcc.edu/assessment/pdf/practicalnursingoccupationreport.pdf

http://www.faytechcc.edu/assessment/pdf/operationsmanager.pdf


Career Coach• Career Coach places the student in the driver's seat of their career

choices. • In this high pressure world of intense competition, many people rush to

grab the first job they're offered, often becoming trapped in a career that they know, but not a career that they love.

• For an individual to be assured a successful and gratifying career, the individual must first determine their individual interests, skills and aggressively pursue the career that best matches their unique qualities and talents based upon real-time data.

• Whether choosing a school, a college major or starting a new trade or career, Career Coach, through real-time regional data integration, helps the student think long-term about their life goals.

• Admissions, Faculty Advisors, Counselors and Career Center staff have tools to help students to understand their program/job market.

Career Coach Video

https://faytechcc.emsicareercoach.com/

http://www.faytechcc.edu/career-coach/index.aspx


How Career Coach Works• Brings the real-time information presented in EMSI Analyst to the

micro-level by answering job related questions about the community:

– What “hot jobs” are growing in my community?– What are the average career wages in my community?– What current job postings are there in my community, including how to apply?

This information is updated hourly.– What kind of career training is located in my community?

• Career Coach, through the Career Assessment Tab, goes down further into the meso-level by answering questions about the individual:

– What do I want to do with my life and future career?– What type of training or degree will I need to get my foot in the door?– What job will I love to do?

• Career Coach Résumé Builder– Instantly creates a professional résumé that can be used to electronically apply

for any existing jobs.


Business Intelligence and College Planning Uses

• Strategic Planning– Planning Assumptions to launch discussions of future strategies– Based upon past, current, and future regional labor market trends– How will you grow programs to meet future employment demands at your College?

• Academic Program Reviews – Takes number crunching away from the program coordinator or department chairs – allows more time to analyze numbers and trends for future plans

– Goes well beyond completion rates– Identifies quickly where the jobs are in any region of the nation?– Are you meeting the needs of the local community and/or student needs for those leaving the local

area after graduation relocating to another region of the country?

• Program Changes:– Supports or refutes planned adjustments in program offerings to meet needs– Helps faculty to better understand “the market” for their instructional area– Provides data for informed decisions related to staffing needs to support employer training needs– Transparent information in an easy to understand format.– Helps students (and their parents) as they jointly research career choices and prepares them prior to

meeting with Admissions staff– Assist program advisors (job placement assistance, employment trends in program of study, etc.).


EMSI Analyst and Career Coach Are More Than Business Intelligence Tools…

They are strategic planning tools using real-time data and forecasted labor market trends.

Planning Assumptions

http://www.faytechcc.edu/assessment/pdf/2014planning.pdf


Job Analysis and Career Coach Allow For…

Student career-choice exploration

Military Occupation Code for possible civilian jobs

Program Changes based on current and projected vacancies

Cost-effectiveness

Successful Students Higher Retention and Job Placement


Easy to Cascade Across the College

Faculty Advisors

Admissions

Program Planners

Career Center Staff & Job Placement

HR Recruitment

Student Success


Thank you

Questions?

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