Just as data is the key to determining the correct industry sectors upon which to build a sector strategy, it also is vital in understanding your regional talent supply, and the skills and occupations that are most aligned with the needs of your targeted industries.
This is the supply side of the equation and understanding this data is crucial to being able to provide businesses with the talent they are seeking. It is also important for understanding the skill gaps that may exist broadly within a population so your organization can make moves to address that shortfall.
Below are descriptions of the resources that can be found on the left-hand side of the screen under “Related Content”. Resources identified by “[NEW]” were completed under the ETA Sector Strategies Technical Assistance Initiative.
- [NEW]: Using Data to Understand Workforce Supply: Improving the alignment between industry demand and the supply of qualified candidates requires access to accurate and useful workforce data. Quality labor market intelligence helps decision-makers and practitioners measure where education and training programs are not at scale to address skills shortages and surplus. This brief provides a list of resources that workforce staff can use to better understand the current and potential workforce supply for industry sectors.
- Understanding Labor Market Supply and Demographics: This recording from the February 2016 Data-Based Decision Making Peer Learning Group provides an overview of the important role labor market supply and demographics play in any sector strategy.
- Catalogue of Workforce Information Sources: Decision Making Assistance for Workforce and Economic Development: Includes specifics on the government sources for gathering data for both workforce and economic development, as well as information on private sources that generate data for workforce development purposes.