The Use of Labor Market Information in Strategic Human Resource Management

1
The Use of Labor Market Information in Strategic
Human Resource Management
Doug Leonard, Senior Economist Wyoming Department
of Employment, Research Planning dleona1_at_state.w
y.us [phone] http//doe.state.wy.us/lmi
2
Topics Covered

• What Research Planning is and what it does
• Standardized comparable compensation data
• Custom products

3
Research Planning
OUR ORGANIZATION RP is a separate, exclusively
statistical entity. WHAT WE DO RP collects,
analyzes, and publishes timely and accurate
labor market information (LMI) meeting
established statistical standards. OUR
CUSTOMERS LMI makes the labor market more
efficient by providing the public and the
publics representatives with the basis for
informed decision making.
4
Confidentiality

• Wyoming Employment Security Law, Statute 27-3-603
  Confidentiality of Information
• PL 107-347, Title V Confidential Information
  Protection and Statistical Efficiency Act of 2002
• PL 103-322 Title XXX Protection of Privacy of
  Information in State Motor Vehicle Records
• Interagency Agreement with Board of Nursing
• Memorandum of Understanding with RP counterpart
  research offices in ten states
• Memorandum of Understanding with the Workers
  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
Standardized Comparable Compensation Products
6
Research Plannings Website (http//doe.state.w
y.us/LMI)
P. Ellsworth, DOE RP, 5/17/2007
7
Example Wage rates for the Casper Metropolitan
Statistical Area.
P. Ellsworth, DOE RP, 5/17/2007
8
Example Quarterly Census of Employment Wages
(QCEW)
P. Ellsworth, DOE RP, 5/17/2007
9
Wyoming QCEW Data by County
P. Ellsworth, DOE RP, 5/17/2007
10
QCEW Data for Natrona County by Industry
P. Ellsworth, DOE RP, 5/17/2007
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
Source Glover, T. (2006). Industries and
occupations with a demand for skilled workers.
Outlook 2010 Revisited Wyomings Labor Market at
Mid-Decade.
13
Source Glover, T. (2006). Industries and
occupations with a demand for skilled workers.
Outlook 2010 Revisited Wyomings Labor Market at
Mid-Decade.
14
(No Transcript)
15
(No Transcript)
16
National Compensation Resources
17
17
18
18
19
19
20
20
21
21
22
22
23
23
24
24
25
Custom Data Products
26
Research Planning Surveys
Benefits Survey
27
Workforce Planning Study

• Doug LeonardSenior EconomistWyoming Department
  of EmploymentResearch Planning
• PO Box 2760Casper, WY 82602
• [phone]
• dleona1_at_state.wy.us

28
Labor flowsWorkers lt55 years old
28
29
What we found

• Management or career advancement training most
  important to workers lt44 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
What we found

• Willingness to train other employees
• More respect from management
• speak our minds without fear of reprisal.

31
Labor Supply Issues
32
(No Transcript)
33
33
34
Loss of 44,253 workers in five years
35
Loss of 45,127 workers in five years
36
(No Transcript)
37
(No Transcript)
38
Although female workers fortunes have improved
somewhat, the pattern remains the same as in 1992
39
(No Transcript)
40
(No Transcript)
41
Commuting Patterns

• Affect locality of consumption for
• Goods
• Services
• Can be a predictor of relocation

42
42
43
Imported Labor
44
(No Transcript)
45
Nursing Study
46
(No Transcript)
47
(No Transcript)
48
(No Transcript)
49
(No Transcript)
50
(No Transcript)
51
Workers Compensation Claims
52
Wyoming Workers Comp, 2004Total 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
In Summary.
54
Scouting For Potential Labor
In-state Out-of-state
55
Out-of-state
See whats out there before you take aim
56
How do we keep the employees we have now?
57
Make an investment

• Compensation package
• Training
• Longevity incentives

58
Use LMI to find your trophy employee!