Current Headlines

1
Current Headlines

• Economists Agree U.S. Recession has landed.
  Trying to predict where the 13 trillion dollar US
  economy is headed is more an art than a science
  even in the best of times. Forecasting is almost
  impossibly difficult. USA Today

2
Current Headlines

• Near term projections should be considered
  guesses, not forecasts say Charles Lieberman,
  Chief Economist for Advisors Financial Center.
• Conclusion Nobody knows what the real impact
  will be, but there is a ripple effect in progress
  right now and no one knows how far or wide it
  will reach.

3
General Business Impact

• Overall, more businesses will
• Curtail expansion plans
• Retrench in cost-cutting moves
• Consolidate operations
• Close plants and facilities
• Become more risk adverse
• Conclusion Workforce and Economic Development
  get more difficult

4
A New Dilemma

• The New Economy is more connected and more
  complex than ever before.
• There are more variables and moving parts than
  ever before.
• There is no precedent to draw upon.
• Mistakes now could create irreparable and
  unforeseen damage in the future
• Conclusion The need for concise and current
  workforce intelligence has never been greater.

5
Economic Development Triage

• Economic Recovery Key is focusing resources where
  they are needed the most
• Which industries are impacted the most?
• Which industries are impacted the least?
• Which industries will be next and when?
• Effective strategies will require workforce
  intelligence.

6
Workforce Development Triage

• Workforce intelligence will allow you to meet the
  needs of your business community proactively.
• Specifically
• Which companies are most at risk and what are
  they planning to do about it?
• Which companies will prosper and to what degree?
• Which companies will certainly close down or move
  out?

7
Planning for the Recovery

• The Workforce remains the key to long term
  economic growth and productivity.
• We need business intelligence on
• What industries will be key to the recovery?
• What kind of workers will your employers need to
  survive and thrive?
• What are the required skills, experience and
  education?
• How many by occupation and overall total numbers?

8
Impact on Workforce

• Double-effect
• Increased job destruction
• Combined with fewer employers hiring for fewer
  positions and at a slower pace
• Result Employers will demand fewer workers with
  more experience and better skills for less pay

9
Impact on Workforce

• How will short-term impacts on the workforce
  affect long-term worker availability across
  industries and regions?
• Workers may
• Move to a different area
• Step down the career ladder
• Change careers entirely
• Go back to school
• Become permanently unemployed

10
The Futurewill we be ready?

• How do we ensure that we have the right skills
  in the right place at the right time earning the
  right wages to build and grow our local and
  regional economy?"

11
Intelligence is Job One

• Hardcore Intelligence is Key to
• Proactive Opportunity Development as Opposed to
  Reactive Problem Solving- Turning Problems into
  Opportunities
• Decisive Action
• Effective Damage Control
• Successful Planning
• Efficient Execution
• Avoiding Serious Mistakes
• Good Intelligence must be
• High Definition i.e. local
• Current
• Comprehensive and Detailed with relevant
  information

12
Business Community Involvement

• Our workforce intelligence includes small and
  medium size businesses because they comprise
• 98 of all businesses
• 80 of all hiring
• 60 of all economic activity
• And, they are more likely
• To take risks
• To expand
• To innovate
• To recover early

13
Enhancing Business Outreach

• Requires
• Clear value, superior service
• Simple systems, easy interface
• Immediate response and satisfaction
• Constant awareness building with relevant,
  targeted messages
• Fresh, relevant content, including
• Qualified Applicants when they need them
• Better hiring/retention decision support tools

14
Project Overview

• Answers detailed questions, including
• Planned layoffs
• Short-term growth estimates
• Hiring needs, preferences and methods
• Economic impact assessments and concerns
• Relocation and consolidation plans
• All information stratified by industry, by size,
  by location and by occupation

15
Project Deliverables

• Massive Employer Outreach
• Ongoing
• Near real-time data
• Employer-focused Tools
• Jobseeker Tools
• Making the Employer/Jobseeker Connection
• Self-service
• Assisted-service

16
Rapid Response Triage

• Daily "Instant Response" alerts
• Daily "Instant Match" reports
• Monthly Situational Reports

17
USWorks Marketing Communications System

• Employer Connections
• Before, During and After the Survey
• Relevant and personalized to the Employer
• Right place, right message, right time
• Customized for your local area

18
Employer-focused Tools

• Personalized HR Web Site
• Personalized Staffing details
• Real-Time Wage data
• Industry information
• Applicant Magnet
• Self-service or Staff-assisted
• Salary Scanner
• Updated every four weeks

19
Jobseeker Tools

• Easy touse
• Self-service or Staff-assisted
• Resume building Customized
• Resume sending Top Job Boards
• Transferable Skills Analysis
• Connect to Training Programs
• Connect to Local Employers
• Salaries and benefits by occupation
• Information on Community Resources

20
Making the Connection!

• Provide current, local and detailed intelligence
  on market conditions and trends to all
  stakeholders for immediate action
• Provide a foundation for recovery and future
  growth by increasing efficiencies in the
  workforce exchange system with better information
  and real-time matching