Credentials That Work: The Potentials of Real Time Labor Market Information Practical Applications for Productivity and Performance Improvement.

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Presentation transcript:

Credentials That Work: The Potentials of Real Time Labor Market Information Practical Applications for Productivity and Performance Improvement

ABOUT JFF JFF identifies, develops, and promotes education and workforce strategies that expand opportunity for youth and adults who are struggling to advance in America today. In more than 200 communities across 43 states, JFF improves the pathways leading from high school to college to family-sustaining careers. ABOUT CREDENTIALS THAT WORK Credentials that Work (CTW) incorporates innovations in real-time labor market data in guiding institutions to better align education and training investments, program and course development with the needs of regional economies. Real-time data can help improve the understanding of hiring trends, employer demand, including certifications and skill requirements by drawing on current information and consistent signals from the labor market. 2 JFF & CREDENTIALS THAT WORK

Project Design and Framework Real-Time LMI Innovators Network/Com munity Colleges Burning Glass Technologies/ Labor Insights and Other Emerging Real Time LMI Tools and Data Systems Getting Results: Alignment of Programs and Courses with Labor Market Needs Evaluation of Real Time LMI Technologies and Suppliers Strategic Alliances and Partnerships 3

Our Focus: Using LMI To Get Results Long term projections, State and Regional Economic Analysis, Industry and Trade Studies, Real Time LMI Board of Trustees, Senior Institutional Leadership Strategic Planning/Institutional Alignment Long term Occupational Projections, Job Vacancy Studies, Real Time LMI, Regional Economic Analysis Boards, Senior Institutional Leaders, Deans, Chairs, Instructors Market Responsive Programs of Study Real Time LMI, Employer Input Instructors, Chairs and Deans Curriculum Modification Occupational Projections, Real Time LMI, Interviews, Job Vacancy Data, Career Videos, etc. Students, Counselors, Parents, Lenders Student Career Guidance 4

Activities to Date Commissioned paper, entitled “Aligning Community Colleges to their Local Labor Market”. Administered Real Time LMI firm environmental scan to discover industry trends and increase transparency. Conducting Early Implementers Survey of state LMI entities that are using real time tools and technologies. Ongoing Reviews of real time LMI technologies Established Real Time LMI Innovators Network: – Southern Maine Community College – Texas Technical College System – Kentucky Community and Technical College System – Cerritos Community College – Cabrillo Community College – Harper College – LaGuardia Community College 5

Why LMI Matters

Assessing Regional Economies and Labor Market Performance : Challenges for Getting The Analysis Right Fast Pace of Change The Past May Not Equal the Future Limitations of Current Data

Economics 101 –Creative Destruction 10

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31 Employer/Graduate Feedback Loops Industry/Occupational Advisory Committees Employer/Graduate Feedback Loops Traditional Labor Market Information Real Time Labor Market Information Labor Market Responsive Programs of Study and Course Content