Posted by: In Andy’s previous post he introduced our concept of the high-performance workforce, and how it can benefit a region’s employees and employers. I’d like to take a deeper dive into the high-performance workforce. The next three posts will focus on the role that real-time labor intelligence, the educational systems, and employment tools play in fine-tuning a region’s workforce. The objective is to ensure that there are qualified individuals available to fill jobs, and that those employees are prepared to succeed.
We’ll begin by looking more closely at what real-time labor intelligence can do to improve a region’s employment situation. Up-to-date information can serve as a navigational system for a regional economy, providing a clear picture into the region’s current employment situation and informed insights into education and funding decisions.
Using real-time labor intelligence, governments and other regional stakeholders can learn a tremendous amount about their current workforce – the supply side – and the skills and abilities needed to maintain full employment. Should a disconnect exist between the skills currently available in the workforce and those that are needed, regions can begin education and training programs to teach new skills at local educational institutions. They can also then identify at-risk populations of individuals who lack needed skills and help to get them the necessary training.
Real-time labor intelligence can be instrumental in attracting companies – and new jobs – that compliment your current workforce. Knowledge that a workforce exists with the skills and abilities necessary can make your region far more competitive in the site selection arena. Having a prepared workforce gives your region a leg-up in attracting new and established companies, which brings in additional tax dollars and ultimately additional employment opportunities that match the available workforce’s skills and abilities.
The current economic condition coupled with an unprecedented environment of change has created a difficult situation for many states that are operating with reduced budgets and resources. Real-time labor intelligence ensures that states have the information necessary to make the correct decisions and helps to drive policy that will allow them to achieve their goals.
Tue, Aug 11, 2009
State & Local