It can be challenging to convince different factions that their interests actually align. In the world of workforce development supports, it’s hard for workforce groups to not see each other as competition over the money coming in. But, as a workforce development leader, you know you often have to keep conflicting interests at the bargaining table in order to foster a larger vision.A workforce leader often acts as a mediator among workforce groups, educational institutions, and economic development organizations that are all looking for funding from the same sources. As such, they need to understand the supply and demand for the industries in their area. Without the knowledge of which industries are growing and which are stagnating, how can anyone hope to guide the next generation of workers towards employment? How would you know which training programs to develop without knowing which industries are looking for new hires?
Understanding the workforce development supply and demand chain in your area is a missing piece to the puzzle. With the right workforce development data, you can clearly identify what industries are driving job growth, and what jobs need to be filled. You can also understand what the job is, where the job is located, what the education/training qualifications needed for that job are, and if the employer is looking for employees in the region or elsewhere. With the right data, you can understand if the employees you’re looking for are in your area, or not, and if not, how you can develop training to position your region to provide the employees needed.
Help Workforce Groups Understand Labour Supply and Demand Chains
To be an effective community mediator for all the economic development factions, it helps to have the best data available. Data about your local labour market is informed through local job listings (rather than, say, provincial or national data) and the frequency of its availability is an important aspect of its usefulness.
MDB Insight, in partnership with Vicinity Jobs, offer The Regional Labour Demand Report™ and The Regional Labour Supply Report™, which can help get accurate, specialized community labour force data to you in real time.
The Demand Report gathers intelligence through its ongoing monitoring of online job postings. With accurate, quality research and analysis, the findings are available in customized monthly or quarterly reports.
The Supply Report helps facilitate easy mediation by making clear the educational and work backgrounds of the workers in the area. This can show economic development groups where they can get employees in an area they didn’t think those employees were available. It can also make clear the potential for new industry to investors, which can help the prosperity of your region.
MDB Insight’s data can help your community overcome workforce challenges.
Download this free flowchart for help guiding your economic development strategy.