Workforce Markets - Benefits/Features

Why Conduct a Workforce or Labor Study?

Is your economic development group, chamber of commerce, or community interested in expanding or diversifying your economy?

Are you interested in:

• Retaining existing businesses?
• Promoting expansion of existing businesses?
• Attracting new businesses to the area?
• Helping new businesses start-up locally?
• Creating education/training that is responsive to businesses needs?

What Does a Workforce or Labor Study Do?

By studying the Area Labor Market you will assess:

Workforce Quality – Employer Survey

• Opinions On Reliability, Productivity and Quality
• Skill Training Needs
• Employment Prospects and Trends
• Business Environment and Recruitment
• Actual Commuting Distances

Workforce Availability – Household/Worker Survey

• Decision Making Factors for Making Changes (Pay, etc.)
• Underemployment
• Work Skills and Experience
• Desired Wage Rates
• Willing Commuting Distances
• Sources of Potential Workers

Workforce Costs – Employer Survey

• Current Wage Ranges and Averages
• Benefits Plans and Cost Participation Rates

Workforce Profile – Public Sources

• Population
• Employment
• Income

Customization

• Questionnaires
• Relationship Research (MSAs, State and Nation)
• Study on One or any Combination of Four Components