Labor Market Information

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Labor Market Information. Reverse Engineering the Job Search. Usual Process. Event: Informed of layoff Emotion: Denial This has to be a tragic mistake. Behavior: Relative inaction Contact the competition Emotion: Anger I’ll show them - PowerPoint PPT Presentation

Transcript of Labor Market Information

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Labor Market InformationReverse Engineering the Job Search

Usual ProcessEvent: Informed of layoffEmotion: DenialThis has to be a tragic mistake.Behavior: Relative inaction

Contact the competitionEmotion: AngerIll show themBehavior: Reactive instead of proactive not prepared for interviewsBegin looking for similar titlesEmotion: Desperation and DepressionI need a job in fill in the blank, any jobBehavior: Learned helplessness, unenthusiastic, not focusedTime Used: 3 to 6 weeks or up 10 to 25 percent of the time allocated for regular unemployment insurance.

EmotionsWhile we struggle to control how much we do this -- most of us put at least a part of ourselves into those things we doConsequently, it hurts when you are told you are no longer neededLikewise, when economic conditions, work struggles, or situations outside of your control threaten your economic security it causes unease or fearCurrent Process -- DehumanizingLoss of controlLoss of dignityLoss of self-worthRevaluation at a time when people are not at a point where they can be objective or open to a critical review

Reverse Engineering the ProcessStart with what you knowThe industry the individual came fromThe occupation they hadAnalyze current labor market conditionsDetermine if growth is feasibleDetermine which industries are showing growthIdentify occupations likely in growing areasReview related occupationsReview wages and other informationMake an informed choice

What you KnowIndustries is a group of employers who are naturally competitors they produce similar goods and servicesYou know the industryOccupations are set of similar jobs or skillsYou know your most recent occupationIndustrial AnalysisCurrent estimate by Industry (CES) for larger communities and statewideQCEW (county)

Historical pattern, if anyto not be on the wrong side of seasonal patterns

WhereWORKnetHome Page:

Data Analyst:Go to Data Tables

Inside Data Table

County or CountiesMSA or StatewideSeasonally adjusted data is also availableQCEW


AnalysisA single data point is noteworthyTwo is interestingThree could indicate a trend

You are looking to see how the different industries stack up and where there is growth. (Growth=Jobs)

Identified IndustriesEmployers need a variety of skills (staffing patterns)Occupations is a shorthand method of talking about specific skillsYou could focus the job search with current occupation by calling businesses in those identified industries (possible, but not always productive) OR look for related occupationsStaffing Patterns

Stores need clerks, Payroll offices need bookkeepers, some places need a receptionist, different businesses need different skill setsThis information is available through the data analystUnder Data Analyst

Hint:Projections MatrixUnder Data Analyst

Hint: Occupational EmploymentStatisticsOccupational AnalysisRelated OccupationsKSAsStaffing patterns by IndustryWagesOccupational ProjectionsRelated Occupations

online.onetcenter.orgO*NetJob Descriptions and Lay TitlesTasks Performed (Work Activities)Type of Work Environment (Work Context)Knowledge Skills and Abilities requiredInterests (sometimes called Holland Scores)Education/TrainingRelated OccupationsLocal Wages and Job Outlook

Custom Reports within O*NetCan provide a great deal more informationInclude not only how important the skills needed, but also the level of proficiency requiredScale anchors help with real world examplesDetail of Tools and TechnologyChange the default lists to help identify transferable skills

Some notes about WagesWages are based on employers response to a surveyWages are gathered in wage categoriesIndividual wages may differ from reported resultsEntry level is the average of the lower thirdExperienced is the average of the upper third

Begin the Search

Find businesses that are involved in industries identified as having staffing patterns that match existing skills and are growingBusiness Information

Located underBusiness

Scroll down for directoryNeed to Know the Location

Spelling counts! I used Assembler

Change your parameter when searching

Shorten or lengthen the distance

Special concerns:

You can sort

How can this help meAs a facilitator you can help your clients better understand transferable skills, occupations they may not have considered, training requirements,current openings andunique needs of the client.Help create resumes that include transferable skillsIt can also help businesses and/or recruitersThis tool is portable (homework)

Concrete Steps for ClientUpdate your paperworkIf the last time you updated your paperwork was the last time you were hired, it needs polishingConsider how your paperwork represents you, remember, it is your first impressionKeywords countCreate a template to apply to related occupations, standardization is good, but customization is betterOther things to considerRemember, employers hire skillsets not peopleReview your occupationIs it growing or shrinkingIs the skill set changingRemember skills are transferable and most people will experience at least five different occupations in their livesOnline.onetcenter.orgTrainingWhere is it availableUse ResourcesUse resources that are available to youFriends, former colleagues, former employers, your Alma MatterProfessional Associations, Websites Job ServiceLinked InRiley GuideLabor Market Information Office of Economic AnalysisElectronic PresenceCheck yourself online and be prepared to address what maybe seen as a shortcoming or a lack of judgmentOnline resumes and submission to a companyOnline resumes will do a search for keywords according to their needs, you have to include themThis is a process to remove possible candidates and eliminate the psychological advantage used by some when printing a resumeHowever, it has to be exploited in the same way as your resumePractice in many cases, you do not get a do overAssemble your facts before you startRead about the company before you start Use appropriate language and if possible, correct terms that relate to the company, but be carefulDO NOT share information that you would not willingly give to someone on the streetCompany records are theirs, if possible keep a record, if not keep a log.DO NOT rely on this as your only means to contact firmshave you ever lost something on your desk? Snail MailStill works and is a form where you can stand outDo not be too creative unless the job calls for itIf you get an interview, send a thank you and use this as a way to push your best attribute that fits the organizationSpelling counts DO NOT rely on Spell Check

Impose a realistic routine if you are out workUse a log to keep track of contacts and sources you have usedRealize that a loss of security can create stressful situationsStay positive, can you afford negative thinkingReview and reevaluate your situation, take care of your relationshipsGoing through the hiring process is scary not only for you, but also your family and yes, even your future bossHelp Others HelpRemember to reach out Keep your contacts informedWhen possible, be specificRealize that a no sometimes requires a K and W Knowledge and Willingness to adapt before it can become a yes

Additional ResourcesCareer ExplorationO*net (specifically Interests) GuideRileyGuide.comMyers BriggsKeirsey Temperament Questions/CommentsNelse

Phone: 608.266.2930