Gap Analysis: Providing the Skills Your Local Economy

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Educational Gap Analysis
Presented by: Jeff Perley, VP of Operations
10/22/14
Agenda
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The problem
EMSI’s approach
Data Sources
What’s Not Included?
GAP markets (other applications)
Future plans
Regional Skills Gaps: A
Diagnosable Problem
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Companies need trained workers & talented
workers
Educational institutions provide training &
education
What’s missing?
• Communication and Information
• Incentives
Making the Connection Between
Programs and Jobs
Program
Occupation 1
Occupation 2
Occupation 3
Occupation 4
Occupation 5
Making the Connection Between
Programs and Jobs
Accounting Technicians & Bookkeepers
Tax Preparers
Billing &
Posting
Clerks
Bookkeeping
Clerks
Brokerage
Clerks
Payroll &
Timekeeping
Clerks
GAP Methodology
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Demand side adjustments:
• Education based weighting
• Program based weighting
Key Answers the Gap Analysis
Provides
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What is the regional demand for my
educational programs?
What programs are under-producing?
What programs are over-producing?
What am I not focusing on that would benefit
the regional economy?
Example
Notable Gaps
Notable Surpluses
Example
Potential Program Expansion
Additional Data for Added Value and
Context
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Industry Overview
Occupation Overview
Commute Flows
Industry and Occupational Unemployment
Educational Attainment
Industry Overview
Industry Change
Industry Concentration
Annual Occupation Openings
Occupation Openings
Commuting Flows
Industry Unemployment
Occ. Unemployment
Education Attainment
EMSI’s Data Sources
Supply
Demand
Past 3 Years
Completers from your
Institution
Forecasted Job
Growth (EMSI)
Past 3 years
Completers from other
Institutions (IPEDS)
Replacement Jobs
(EMSI)
What’s not included?
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Supply
regional in-migrants; unemployed
workers; non-credit completers; people
currently in the workforce
Demand
unusually high retirement rates;
demand for chronic workforce
shortages; jobs out of region
Gap Analysis vs. Impact Studies
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Economic Impact Studies
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What is my impact on the local economy?
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Why should students and taxpayers invest
in my college?
Gap Analysis
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How do specific programs align with
employers’ demand?
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Great for internal review of programs
Gap Analysis for 2-year Colleges
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Reviews all credit based certificate and
associate’s level programs
Transfer track programs are treated differently
Gap Analysis for 4-year Colleges &
Universities
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Reviews all bachelor’s level programs
Can customize to review master’s and PhD
level programs
Liberal Arts programs are not reviewed
Gap Analysis for Workforce
Investment Boards
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Output in terms of occupations rather than
programs
Focus on industry and occupation types of
greatest interest
Can I Do This Myself?
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Yes, in a way
Advantages to EMSI’s study
• Advanced formulations
• Third-party perspective
• Efficiency
• Affordability
• Continually improving
Future of GAP Analysis
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Incorporate
• job posting analytics
• migration data
• career path data
Questions?
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