1. Finding and Using Labor Market Information Collabor8 2015

2. Does Data Matter? ▪Before asking “what,” begin with “why?” ▪Why is this company expanding? ▪Why is it having difficulty finding employees? ▪Why might training help? ▪Data can help provide insight into the problems we can solve. ▪Knowing the background of an issue can also help us anticipate needs. 2

3. What Do We Get Asked? ▪Common questions generally fall under the following categories: ▪Wage rates for competitive analysis, salary surveys, etc. ▪Affirmative action data for compliance and reporting ▪Population projections for workforce planning ▪Employment projections to design training programs ▪Openings information to find out who is hiring ▪We have information that can answer all of these questions, and more 3

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6. WORKnet as an Asset ▪Data is frequently updated (monthly, quarterly, annually) ▪Data is available for MOST geographies. ▪Search tools allow for easy access. ▪Functionality is excellent…if you can get past the dated design. 6

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8. Census is a Helpful Supplement ▪Understanding the population of a community helps to answer a number of employer questions, such as: ▪How many workers might be available? ▪Where is the skilled talent? ▪How many people are expected to retire? ▪Quarterly Workforce Indicators (QWI) and OnTheMap amplify this information and provide you with industry detail. 8

9. What Can OEA Do For You? ▪Form and Validate Strategies ▪Lakeshore Industry Cluster Initiative, New North IT Group, etc. ▪Build Organizational Capacity ▪NEW Manufacturing Alliance, Oshkosh Regional Defense Industry Diversification Initiative ▪Craft Compelling Narratives ▪Achieve Brown County 9

10. Coming Soon ▪The launch of the New Job Center of Wisconsin website this spring will open up new information about job openings and job seekers. ▪OEA is developing WDA-level data dashboards that will dynamically update whenever new information is available, as frequently as weekly. ▪WIOA brings new requirements for data-driven decision making; we are already working on the cutting edge to exceed these standards. ▪We are also working to be more mobile-friendly, including a redesign of WORKnet. 10

11. How to Use the Data ▪Incoming Businesses or Expansion ▪Wage scales ▪Business Challenges ▪Regional data and trends ▪Economic Development Partners ▪Input and output scenarios 11

12. Incoming Business ▪Looking to locate to the area and are unsure of appropriate wage scale ▪Collect detailed information ▪Learn as much as possible about the essential occupations ▪Get job descriptions if possible ▪Look at skills needed ▪Research occupations with similar skill sets ▪ONET, Skills Explorer, EMSI ▪Look outside the common industry ▪Present the comparisons ▪Allows them to set market appropriate scales 12

13. Incoming Business Scenario Example 13 Example Sciences Project Percentile Earnings $11.80/hr$16.90/hr$26.13/hr 10th Percentile EarningsMedian Earnings90th Percentile Earnings Occupation 10th Percentile Earnings Median Earnings 90th Percentile Earnings Sales Representatives, Wholesale and Manufacturing, Technical and Scientific Products (41-4011) $15.88$35.45$66.59 Customer Service Representatives (43-4051) $11.65$15.32$22.80 Medical Secretaries (43-6013)$11.61$15.70$20.87 Order Clerks (43-4151)$10.06$13.61$20.18

14. Business Challenges ▪Can’t seem to get applicants ▪Things to investigate and evaluate – qualitative and quantitative ▪Company community presence / reputation ▪Schedules ▪Wages ▪Package the data for the discussion ▪The data can help you in the conversation ▪This may not be data that they want to hear 14

15. Business Challenges Jefferson CountyWaukesha CountyDane CountyRock CountyDodge County Gender Male98% Female2% Age Ranges 14-18:0% 19-24:4% 2%4% 25-44:47%44% 45-64:46%50%52%51% 65+:3%1%2% Median Wage Hourly$15.93$16.61$18.20$17.58$18.41 15

16. Economic Development Partner ▪Input and Output Scenarios ▪Allows you to create a situation and see potential results ▪You can select your variable ▪Select a region (city, MSA, County or State) ▪Select and industry (more specific the better) ▪Select a factor ▪Add or remove jobs ▪Effect (what you will learn) ▪Earnings Multiplier ▪Jobs Multiplier 16

17. Economic Development Partner Effects ▪Initial Impact ▪This number represents the initial change in jobs as input by the user, and therefore does not include ripple effects. ▪Direct Impact ▪The effect of new input purchases by the initially changed industries. This is the first round of impacts (see“Indirect”). This change is due to inter-industry effects. ▪Indirect Impact ▪The subsequent ripple effect in further supply chains resulting from the direct change. This shows the sales change in the supply chains of the supply chain, as a result of the direct change. This is the second round of impacts (see“Direct”). This change is due to inter- industry effects. ▪Induced impact ▪This change is due to the impact of the new earnings, investment, and government created by the initial, direct, and indirect changes. Induced effects enter the economy as employees spend their paychecks in the region, businesses invest to grow their operations, and government spends more to support the changes. 17

18. Economic Development Partner Scenario Example Changes to Pharmaceutical Preparation Manufacturing (located in Madison MSA) by adding 100 jobs $15,970,572250$63,847 Change in EarningsChange in Jobs Average Earnings Per Job (2013) 1.85 Multiplier2.50 Multiplier 18

19. Economic Development Partner Effect on jobs from adding 100 jobs to Pharmaceutical Preparation Manufacturing 100298114 InitialDirectIndirectInduced 1.00 multiplier0.29 multiplier0.08 multiplier1.14 multiplier 19

20. Economic Development Partner Earnings effect from adding 100 jobs to Pharmaceutical Preparation Manufacturing $8,617,727$1,951,451$387,979$5,013,415 InitialDirectIndirectInduced 1.00 multiplier0.23 multiplier0.05 multiplier0.58 multiplier 20

21. Economic Development Partner SOC CodeName Original Jobs Initial JobsDirect Jobs Indirect Jobs Induced Jobs 51-0000Production Occupations24,44529202 19-0000Life, Physical, and Social Science Occupations8,69024101 11-0000Management Occupations33,9999316 43-0000Office and Administrative Support Occupations68,02695115 13-0000 Business and Financial Operations Occupations 31,5248416 17-0000Architecture and Engineering Occupations7,4865101 15-0000Computer and Mathematical Occupations19,1004203 53-0000 Transportation and Material Moving Occupations 23,3404214 49-0000 Installation, Maintenance, and Repair Occupations 14,2664104 41-0000Sales and Related Occupations55,19213118 21

22. Questions & Contact Information ▪Jeff Sachse Acting Chief Office of Economic Advisors, DWD Jeff.Sachse@dwd.Wisconsin.gov 920.664.3318 Jeff.Sachse@dwd.Wisconsin.gov ▪Seth Lentz Deputy Director WDBSCW slentz@wdbscw.org 608.249.9001 slentz@wdbscw.org 22