Uses, Strengths, and Limitations of Real- Time Labor Market Data for Health Workforce Research LOIS JOY, PH.D. SENIOR RESEARCH MANAGER JOBS FOR THE FUTURE ACADEMY HEALTH BOSTON, JUNE 2016
OVERVIEW OF PRESENTATION > Comparing Traditional and Real-Time Labor Market Information > Overview of Real-Time Labor Market Information > Strengths and Cautions for Using Real-Time Labor Market Information for Health Workforce Research
TRADITIONAL LMI: SUMMARY Characteristics of traditional labor market information: – Released at set intervals, typically every year or every five years – Can answer questions such as: • How much employment is there in a particular industry/ occupation? • Has there been job growth or decline in an industry/ occupation? • What are the typical earnings for a particular position? • How many jobs in an industry/occupation will an area have in five years (projections)? • What are the median wages for an occupation?
LMI CATEGORY: TRADITIONAL LMI
RT LMI COLLECTION “Spidering” of Internet Job Boards Job postings collected from thousands of online job boards De-duplication Removal of jobs posted on more than one website Clean Up Removal of jobs with inappropriate content Coding Assignments to industry, occupation, geography, skills
RT LMI CHARACTERISTICS > Timeliness: Vendors spider up to 20,000 sites daily. – Does not require active employer participation > Quality assurance: Complex algorithms increase integrity and reliability of data provided for analysis and decision making. Often benchmarked against Job Opening and Labor Turnover Survey (JOLTS). > Current hiring trends: – In-demand experience levels, education requirements, skills and certifications – Not based on estimates or projections – Key word searches allow for finding information on new and emerging industries and occupations Source: http://www.jff.org/publications/education/vendor-product-review-consumers-guide-re/1417
LMI CATEGORY: REAL-TIME LMI Job Title: Software Engineer Company name and SOC: Software developers and programmers(15-1130) location Education and experience Industry: Manufacturing (NAICS 31-33) Specific skills Job tasks http://jobview.monster.com/Software-Engineer-Job-Rochester-NY-110302486.aspx
COMPARING REAL TIME AND TRADITIONAL
CONTRIBUTIONS OF REAL-TIME LMI FOR HEALTH WORKFORCE RESEARCH > Ability to search thousands of online job postings by many different fields including region, industry, skills required, education, and experience. > Data is more current than comparable federal labor market sources (ie JOLTS) but is correlated with JOLTS. > Can identify emerging occupations and skills in-demand. > Dynamic versus a static picture of the labor market.
HIGH PERCENTAGE OF HEALTHCARE OCCUPATIONS POSTED ONLINE
CAUTIONS IN USING REAL-TIME LMI FOR HEALTH WORKFORCE RESEARCH > Not all jobs are posted online. > Job ads do not measure actual employment (or actual vacancies) > Jobs ads may represent multiple vacancies > Data needs to be checked for coding errors > Volatility of data make longitudinal analysis problematic (difficult to distinguish between changes in job ads and actual changes in labor demand.
FURTHER INFORMATION > https://cew.georgetown.edu/wp- content/uploads/2014/11/OCLM.Tech_.Web_.pdf > https://cew.georgetown.edu/wp- content/uploads/2014/11/OCLM.Full_.Web_.pdf > http://www.jff.org/publications/real-time-labor-market- information-environmental-scan-vendors-and-workforce- development > http://www.hbs.edu/competitiveness/Documents/bridge- the-gap.pdf
LOIS JOY ljoy@jff.org TEL 617.728.4446 FAX 617.728.4857 info@jff.org 88 Broad Street, 8 th Floor, Boston, MA 02110 (HQ) 122 C Street, NW, Suite 650, Washington, DC 20001 505 14th Street, Suite 900, Oakland, CA 94612 WWW.JFF.ORG
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