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picture1_Analysis Ppt 75762 | Education Supply Gap Analysis Ppt V2


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File: Analysis Ppt 75762 | Education Supply Gap Analysis Ppt V2
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 ...

icon picture PPTX Filetype Power Point PPTX | Posted on 02 Sep 2022 | 3 years ago
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   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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