Category archive: Workforce

Day 142: Skills vs. Wages.  It has always been assumed that the higher the skills the higher the wages.  We did a little research and decided that common sense does prevail.  Indeed the higher the skills, the higher the wages.  Read here to find out more.Relationship Between Skills and Wages

Black Hills Energy in Iowa and Nebraska wanted to be able to offer research to their communities.  They were looking for economic impact analysis, demographic and workforce data.  SSG provided them with a yearly contract that allows them to get information to their communities in a timely manner.  But, it is not always just a…

SSG will present their services to the KCP&L Local Partners.  KCP&L, serves the Kansas City Metro and areas in Missouri in and Kansas.  SSG has developed several useful services that KCP&L felt should be presented to their local community economic development organization.  SSG will present information about our Skills Ready Suite, EDashboard, Strategic Planning, and…

Workforce Development for Economic Developers Part 9: Competitive Skilled Workforce Analysis How does your workforce stack up against the regions you regularly compete against for an economic development project? When comparing community and regional workforces, Smart Solutions Group conducts a competitive analysis for a cluster based on a variety of workforce factors. To give you…

Workforce Development for Economic Developers Part 8: Example of a Target Cluster Profile Based on our site selection experiences and inputs from other site consultants, Smart Solutions Group has developed a Skills Ready Profile. The Profile is a marketing document that provides information on the availability of skilled labor and the costs of labor in…

Workforce Development for Economic Developers Part 7: What Workforce Information Do Site Consultants and Businesses Executives Want? According to Area Development’s 27th Annual Survey of Business Executives and the 9th Annual Survey of Site Selection Consultants the Cost of Labor and the Availability of Skilled Labor ranked as two of the top three factors in…

Workforce Development for Economic Developers Part 6: Strategic Roadmap for Workforce Development   Business executives and site consultants not only want to know if you now have the skilled labor they need but they also want to know that the skilled labor will be there in the long-term. The Strategic Roadmap is a comprehensive and…

Workforce Development for Economic Developers Part 5: Strategies for Reducing Skilled Worker Shortages There are three general areas for reducing Skilled Worker Shortages in a region: (1) Increase the skills of workers that reside in the labor market; (2) Reduce the out-migration of skilled workers; and (3) Increase In-Migration of Skilled Workers. There are many…

Workforce Development for Economic Developers Part 4: An Example of Skilled Worker Shortages To show how Smart Solutions Group estimates Skilled Workers Shortages, we will use an actual example for a multi-county region. One of the target industry clusters for this region is Advanced Manufacturing. The following is a description of the process we used…

Workforce Development for Economic Developers Part 3: Measuring Skilled Worker Shortages To measure Skilled Worker Shortages by occupation, we need to determine the demand for workers and the potential supply of new workers. To determine demand, you need a projection of the growth in the number of workers over the next five to ten years….

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