Lesson 3 Part 1

Text and Images from Slide

Future Labor Demand

• Employment Patterns (Quantity)
• BLS employment projection data
• O*NET integration
• KSAOs sought (Quality)
• Occupational Outlook Handbook
• O*NET integration

Lecture Notes

So I'd like you to spend a little bit of time on this page as we talk about future labor demand. And click through some the links that should either be in the slides or in the notes or transcript for these slides. So the first couple weeks we have are four employment patterns and this is getting at the quantity of demands, how many people are going to likely be available in external labor markets. The first place to go for this is the bureau of labor statistics BLS employment projection database. And so this will show a forecasted, currently it should be through the year 2024 and they continue to push out how forward looking they are and they will look at various occupations, occupational groupings and various locations and provide data on the forecasted demand for workers, so how much growth do they predict will occur in given industries. The occupational information network, onet. Onet online also integrates information from the bureau labor statistics and they have what they call bright outlook jobs which are jobs that basically kind of pass a certain threshold for projected growth and so they highlight jobs that are expected to grow. If you want a quick summary at a national level, jobs that are likely to grow you can look at Onet, so Onet with integration with employment patterns. Now we're also interested in the quality of employees okay so the quality of employees we're getting at that knowledge, skills, abilities and other characteristics that organizations seek in individuals. So organizations might not need more individuals but they might need individuals that are more qualified. So for this we can look at the occupational outlook handbook, also provided through the bureau labor statistics and there's a link there to it and this provides projected number of new jobs and growth rates for jobs. And it includes the break down of entry level education, on the job training, and median pay for jobs. So we can start to look at, what are some of the specialized training and levels of education that are required for jobs, we can look at the future projections for these different KSAO related variables. Onet also integrates KSAO's sought in that you can look at jobs at that have bright outlook and then click through to find all the categories of knowledge, skills, abilities for each of these jobs. So you click on the link for onet integration there and I think it takes you to an example for human resources managers and so you can look at folks who are in jobs that you yourself might be in or be aspiring to and you can look at, what are the knowledge, skills, and abilities that onet has identified to these jobs and onet really does represent a large and sophisticated data collection where they talked many job incumbents and did a thorough kind nation level survey of occupations to get the data that's there so it's a great place to start if you want to know what jobs are kind of growing and what are the knowledge, skills, abilities, and other characteristics demanded by these jobs.