360x Filetype PPTX File size 0.38 MB Source: www.economicmodeling.com
ABOUT EMSI
• EMSI provides employment data and economic analysis via
web tools and customized consulting projects and reports.
• We’ve produced more than 1,000 comprehensive impact
analyses for colleges and universities.
• Analyst, our labor market research tool, is used by more than
3,500 professionals in higher education, workforce, economic
development and the private sector.
• Career Coach, our career guidance tool, has been implemented
by many colleges, universities, and workforce boards to help
jobseekers and students.
WHAT IS A REGIONAL EDUCATION
SUPPLY GAP ANALYSIS?
Education supply gap analyses assess the current postsecondary
education talent supply based on education program
completion, which is then compared to the demand for
occupations that align to postsecondary programs.
WHY USE A REGIONAL EDUCATION SUPPLY
GAP ANALYSIS?
Supply gap analyses can be used by various stakeholders for
different purposes. For example:
1. Community Colleges and Universities may conduct a gap
analysis to determine if programs are aligned to community
and industry needs
2. Workforce Boards may use gap analyses to evaluate regional
talent development across multiple institutions and seek to
better align workforce development programs
3. State Departments of Education and/or Labor may use gap
analyses for long-term planning, assessment, and targeting
of talent development to support specific initiatives
INSIGHTS ON OVERSUPPLY AND UNDERSUPPLY
Oversupply (aka Surplus): may lead to higher attrition rates (i.e.,
brain drain). The region is educating a workforce that is leaving
after program completion because of a lack of job opportunities.
Undersupply (aka Gap): may lead to missed opportunities for
economic growth and put stress on local businesses to find the
necessary talent elsewhere.
POTENTIAL POLICY OPTIONS
Oversupply:
1. Education institutions can scale back potentially costly
programs, due to excess workforce supply;
2. Economic developers and business developers have the
opportunity to court businesses employing the types of
occupations found in the oversupply of program completers.
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