Workforce needs and wage scale analysis
We strongly believe that effective economic development is impossible without effective workforce development, and a detailed workforce analysis should be a component of a comprehensive economic development strategy. Regionomics offers extensive experience in helping clients understand their region’s or industry’s workforce needs.
- Estimating and projecting growth and replacement needs for individual industries or groups of industries at a county or regional level.
- Analyzing the wage scale of an individual firm to ensure that wages are competitive with the market.
- Currently analyzing the industry concentration and workforce needs of the area surrounding each of Ohio University’s five regional campuses in southern and southeastern Ohio. The results will be used to ensure the alignment of academic programs with the needs of business (in collaboration with the Ohio Strategic Training Center).
- Developed projections of statewide needs in insurance industries for a collaborative of CEOs of Ohio-based insurance companies.
- Compared wages of the staff of the Columbus Metropolitan Club, a small non-profit organization, to various non-profit and market benchmarks.
- Developed eight-year projections of occupational employment and skill needs in healthcare, manufacturing, and logistics in Central Ohio for the statewide Ohio Skills Bank initiative. Worked with leaders in each industry to ensure that the analysis correctly reflected workplace realities.
- Developed 30-year projections of direct and indirect employment growth resulting from increasing mining activity in eight counties in rural Nevada (as part of a housing demand study by Vogt Santer Insights).
- Defined the occupations of a logistics company in terms of the government classification system, determined the labor shed, and compared wage structure to the multiple-region market.