Educational Gap Analysis

Presented by: Jeff Perley, VP of Operations

10/22/14

Agenda• The problem• EMSI’s approach• Data Sources• What’s Not Included?• GAP markets (other applications)• Future plans

Regional Skills Gaps: A Diagnosable Problem

• Companies need trained workers & talented workers

• Educational institutions provide training & education

• What’s missing? • Communication and Information• Incentives

Making the Connection Between Programs and

Jobs

Program

Occupation 1

Occupation 2

Occupation 3

Occupation 4

Occupation 5

Making the Connection Between Programs and

Jobs

Accounting Technicians & Bookkeepers

Tax Preparers

Billing & Posting Clerks

Bookkeeping Clerks

Brokerage Clerks

Payroll & Timekeeping Clerks

GAP Methodology

• Demand side adjustments:• Education based weighting• Program based weighting

Key Answers the Gap Analysis Provides

• What is the regional demand for my educational programs?

• What programs are under-producing? • What programs are over-producing? • What am I not focusing on that would benefit

the regional economy?

Example

Notable Gaps

Notable Surpluses

Example

Potential Program Expansion

Additional Data for Added Value and Context

• Industry Overview• Occupation Overview• Commute Flows• Industry and Occupational Unemployment• Educational Attainment

Industry Overview

Industry Change

Industry Concentration

Annual Occupation - Openings

Occupation Openings

Commuting Flows

Industry Unemployment

Occ. Unemployment

Education Attainment

EMSI’s Data Sources

SupplyPast 3 Years

Completers from your Institution

Past 3 years Completers from other Institutions

(IPEDS)

DemandForecasted Job Growth (EMSI)

Replacement Jobs (EMSI)

What’s not included?

• Supply

regional in-migrants; unemployed workers; non-credit completers; people currently in the workforce

• Demand

unusually high retirement rates; demand for chronic workforce shortages; jobs out of region

Gap Analysis vs. Impact Studies

• Economic Impact Studies• What is my impact on the local

economy? • Why should students and taxpayers

invest in my college? • Gap Analysis

• How do specific programs align with employers’ demand?

• Great for internal review of programs

Gap Analysis for 2-year Colleges

• Reviews all credit based certificate and associate’s level programs

• Transfer track programs are treated differently

Gap Analysis for 4-year Colleges & Universities

• Reviews all bachelor’s level programs• Can customize to review master’s and PhD

level programs• Liberal Arts programs are not reviewed

Gap Analysis for Workforce Investment Boards

• Output in terms of occupations rather than programs

• Focus on industry and occupation types of greatest interest

Can I Do This Myself?

• Yes, in a way• Advantages to EMSI’s study

• Advanced formulations• Third-party perspective• Efficiency• Affordability• Continually improving

Future of GAP Analysis

• Incorporate• job posting analytics• migration data• career path data

Questions?