Labor Market Planning for Data-Driven Results - Getting Outcomes that Change Labor Markets
Author(s): Employment and Training Administration
Organizational Author(s): U.S. Department of Labor
All workforce programs operate within the context of a regional labor market. This is a truism.
But, it means that every workforce service planned should relate back in some way to how it makes a difference to an individual worker, to a business establishment, to an industry sector....even to labor transactions, and to the labor market in general.
Understanding Primary and Secondary Job Growth
Raising the bar for individual jobseekers changes labor force participation rates and productivity levels.
And, when these jobseekers enter or advance in the labor market, they also bring earned income back into your community.
Their wages in turn become the consumer spending that drives businesses to hire more workers in goods and services sectors that support those new workers...spurring secondary economic growth and a higher level of economic prosperity.
It all has a chain reaction and every jobseeker and incumbent worker counts.
Strategic Planning Responsive to Your Labor Market Analysis
A combined business and compliance plan serves as a roadmap for achieving the labor market outcomes desired for your customers and needed to achieve greater economic prosperity for your community.
Selecting the most appropriate service delivery design to address the challenges identified in your labor market's environmental scan, and enhancing an integrated network of services and community resources will help you implement data-driven strategies to attain a return on investment for the funding, assets and staff resources you employ.
This requires leadership and vision in labor market-relevant planning that includes evaluation, assessments, data-driven decision-making, and collaboration to best meet the needs of special populations, jobseekers, workers and businesses alike.
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