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Event Calendar / External Labor Market Analysis for Strategic Workforce Planning
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External Labor Market Analysis for Strategic Workforce Planning
As part of their workforce planning initiatives, many companies have the desire to understand what talent is available outside their organization. Traditionally people in workforce planning and talent acquisition would turn to unemployment rates, Bureau of Labor Statistics (BLS) data, and perhaps National Association of Colleges and Employers (NACE) data for a basic understanding of the external labor market. One of the common limitations of these sources is the data is often not at a low enough geographic level or sliced by skills/experience.

Additional data sources can be used to augment the traditional sources. Although not designed for providing labor market data, job boards have the data needed for an understanding of labor supply from the resumes received in their databases and an understanding of labor demand from the jobs they post. This can be further expanded with meta-search engines which can aggregate job listings from thousands of websites, including job boards, newspapers, associations, and company career pages. Professional social networking sites often contain a profile or resume which highlight experience, skills and education. Combining data from these sources allows for a pretty good labor market overview.

Using the data sources covered in this presentation will enable the attendee to answer:
• What does the external labor market look like for my geographic area?
• How many people are in the labor market with the experience/ education/ training/ skills we need?
• What is the demand for these people?
• Where did our employees work before our company?
• What companies hire our employees?

If you need to better understand the external supply of experience, skills and education for your workforce plans or are trying to determine where to open new facilities-and labor availability is a key driver in your decision-you will benefit from this presentation.
02/11/2013 1:30 pm o'clock
02/11/2013 2:30 pm o'clock
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Webcast information

Who should participate:

HR Professionals

What you will learn:

Please join us as you will learn the following:
  • The role of external market analysis in a strategic workforce planning cycle
  • How to conduct an external labor market analysis from 4 non-traditional sources
  • Better understand the external supply of experience, skills and education for your workforce plans

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