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1 The Use of Labor Market Information in Strategic Human Resource Management Doug Leonard, Senior Economist Wyoming Department of Employment, Research.

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Presentation on theme: "1 The Use of Labor Market Information in Strategic Human Resource Management Doug Leonard, Senior Economist Wyoming Department of Employment, Research."— Presentation transcript:

1 1 The Use of Labor Market Information in Strategic Human Resource Management Doug Leonard, Senior Economist Wyoming Department of Employment, Research & Planning (307)

2 2 Topics Covered What Research & Planning is and what it does Standardized comparable compensation data Custom products

3 3 Research & Planning: O UR O RGANIZATION: R&P is a separate, exclusively statistical entity. W HAT W E D O: R&P collects, analyzes, and publishes timely and accurate labor market information (LMI) meeting established statistical standards. O UR C USTOMERS: LMI makes the labor market more efficient by providing the public and the public’s representatives with the basis for informed decision making.

4 4 Confidentiality Wyoming Employment Security Law, Statute Confidentiality of Information PL , Title V Confidential Information Protection and Statistical Efficiency Act of 2002 PL Title XXX Protection of Privacy of Information in State Motor Vehicle Records Interagency Agreement with Board of Nursing Memorandum of Understanding with R&P counterpart research offices in ten states Memorandum of Understanding with the Worker’s Compensation and Safety Division of the Department of Employment Memorandum of Understanding with the Vital Statistics section of the Department of Health Memorandum of Understanding with the Defense Manpower Data Center (Pentagon)

5 5 Standardized Comparable Compensation Products

6 6 Research & Planning’s Website (http://doe.state.wy.us/LMI) P. Ellsworth, DOE R&P, 5/17/2007

7 7 Example: Wage rates for the Casper Metropolitan Statistical Area. P. Ellsworth, DOE R&P, 5/17/2007

8 8 Example: Quarterly Census of Employment & Wages (QCEW) P. Ellsworth, DOE R&P, 5/17/2007

9 9 Wyoming QCEW Data by County P. Ellsworth, DOE R&P, 5/17/2007

10 10 QCEW Data for Natrona County by Industry P. Ellsworth, DOE R&P, 5/17/2007

11 11 Occupation and Skill Projections Combination of two data elements: Occupational Employment Statistics staffing pattern (see slide 17) Current and projected QCEW employment levels (shown on slides 9 & 10)

12 12 Source: Glover, T. (2006). Industries and occupations with a demand for skilled workers. Outlook 2010 Revisited: Wyoming’s Labor Market at Mid-Decade.

13 13 Source: Glover, T. (2006). Industries and occupations with a demand for skilled workers. Outlook 2010 Revisited: Wyoming’s Labor Market at Mid-Decade.

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16 16 National Compensation Resources

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25 25 Custom Data Products

26 26 Research & Planning Surveys Benefits Survey

27 27 Workforce Planning Study Doug Leonard Senior Economist Wyoming Department of Employment Research & Planning PO Box 2760 Casper, WY (307)

28 28 Labor flows: Workers <55 years old 28

29 29 What we found… Management or career advancement training most important to workers <44 years of age Occupations of concern... Employees were the least satisfied with compensation 70% of DOE employees leaving in 12 months are female and 58.9% have comparatively low wages

30 30 What we found… Willingness to train other employees “More respect from management” “…speak our minds without fear of reprisal.”

31 31 Labor Supply Issues

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34 34 Loss of 44,253 workers in five years

35 35 Loss of 45,127 workers in five years

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38 38 Although female workers’ fortunes have improved somewhat, the pattern remains the same as in 1992

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41 41 Commuting Patterns Affect locality of consumption for : Goods Services Can be a predictor of relocation

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43 43 Imported Labor

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45 45 Nursing Study

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51 51 Worker’s Compensation Claims

52 52 Wyoming Worker’s Comp, 2004 Total Claims Total Claims in 2004: 16,165 Registered Nurses: 331 Licensed Practical and Licensed Vocational Nurses: 69 Nurse Aides, Orderlies, and Attendants: 431 Number of Claims for Three Occupations: 831 Claims for Three Occupations as a Percent of Total Claims: 5.1%

53 53 In Summary….

54 54 Scouting For Potential Labor In-state Out-of-state

55 55 Out-of-state See what’s out there before you take aim

56 56 How do we keep the employees we have now?

57 57 Compensation package Training Longevity incentives Make an investment

58 58 Use LMI to find your trophy employee!


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