Labor market data has been a key to more effective workforce planning for decades. And today, even more targeted data analytics can provide the strategic insight that you’ll need to build better short- or longer-term plans.

You probably recognize which positions are most critical to achieving your corporate strategy. Are you struggling to fill those vacancies in certain functional areas or regions? Are your recruiting requests staying open for longer periods? Many of our clients are reaching out with similar concerns, and with questions about regional labor markets.

New technology is allowing easier and more comprehensive access to real-time workforce data. But be sure to understand your sources for information, or at least know their limitations. Most of the data available has some kind of intrinsic weakness that can skew your conclusions, if you’re not careful.

It’s easy to become overwhelmed with all the workforce information available today. It’s even easier to misinterpret the data you have, or make decisions based on an incomplete picture. Making matters worse, the competition for talent in many pivotal roles is growing. According to the latest BLS projections, this trend will only continue to rise through the next decade.

Where exactly is the talent you need? Targeted, comprehensive data is the key to making your related discussions with stakeholders more clear, and your resulting business decisions more impactful. How do those people prefer to be engaged? Data analytics can provide the strategic insight that you’ll need to answer all these questions with confidence.