LABOR FORCE AND SKILLS ANALYSIS
GeoPlanning Services, through careful analysis of industry labor and workforce skill requirements based on a series of public and proprietary data sources, can match the labor skills in the current workforce to the needs of target industries.
Simply put, local database of employment can be combined in the GIS with national industry/occupational data, regional wage data, and occupational skills data to identify the potential available labor for a community. This analysis can then be compared to the labor and skill requirements of a variety of industry sectors to identify those with a close match to the community. This analysis can then be compared to industry/occupational data to determine if there are holes in the local labor market that will need to be corrected through strategic action to make a region more attractive to potential high value target industries..
It is possible to identify the wages required by each specific labor skill set for comparison to other competitive business locations.
By identifying specific labor skill mix in the local labor market and improved understanding of the wages required it is possible to identify companies that match the labor skill profile of the region. Further, it is possible to identify those that are in areas where wage requirements are significantly higher than offered by the region to be marketed—thus creating a prospecting list.
GeoPlanning Services has conducted labor analysis in support of target marketing in the past and has made several presentations to national group regarding our unique approach.
Additionally, the regional wage information by occupation can be used to analyze the potential wage and benefit return to a community by attracting a typical project in the industry section targeted. This information can become the basis for a cost-benefit or ROI study for the implementation of site improvements or prospect specific incentive offerings.