Education Projections, Business Expansion, And Workforce Quality

Policy or Initiative Description

Policymakers should use projections of education demand to inform workforce development planning. Proprietary analytical information and college administrative data can also be linked with state wage records in the process of retaining and attracting employers and industries to the state. Employer demand for talent has elevated the importance of workers with specific skills gained through postsecondary education and training.

Example

The Indiana Chamber of Commerce and Indiana Chamber Foundation created IndianaSkills in 2012 as an online job database for learners, job seekers, and career counselors. Originally, this was a supply-demand resource of occupations requiring short-term credentials (Associate’s degrees, certificates, and certifications), but it was expanded in 2014 to occupations calling for Bachelor’s degrees and higher. Employers can use the information to compare educational requirements by job, view wages that Indiana employees earn in distinct occupations, and create job descriptions. Economic developers can access information on the wages and the percentage of those who complete education and training programs who are employed, jobs with the highest demand, and the training and certifications most in demand.

Source

Indiana Chamber, “Chamber’s IndianaSkills.Com Site Now Also Features Supply and Demand Job Info,” 2014

Source

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