Analyzing Talent Flow: Identifying Opportunities for Improvement
For prospective college students, selecting the right program at the right school that will deliver the results they seek—including where they will work—requires greater transparency and more information. Making smart investment decisions in a career pathway that is backed by results can have a significant impact on what a student will end up paying for his or her education at a time when the national student debt has reached more than $1 trillion.
At the same time, in order to be competitive in an increasingly globalized and complex economy, employers from every region and sector are using data in new and innovative ways to target their own investments and hiring practices, particularly for their most critical positions. Doing so provides employers an opportunity to be more effective partners to postsecondary providers and in turn, be more transparent with both providers and students about what it takes to be an enviable job candidate. The interplay of reliable internal and external data could play a critical role in satisfying both students’ and employers’ needs to better understand what pathways result in greater outcomes.
In order to establish a more streamlined, efficient way for employers to communicate the required skills and competencies for success, the U.S. Chamber of Commerce Foundation (USCCF) is exploring an employer-driven approach to improve talent flows for critical jobs in key sectors (e.g., manufacturing, healthcare) at the regional level. Talent Flow Analysis is a process for describing and analyzing the flow of workers into and out of a targeted set of jobs that are most critical for the competitiveness of employers and the region in which they do business.
This guide aims to explain the talent flow analysis approach and tee up the “how to” steps for public-private economic and workforce development initiatives to implement talent flow analysis.
The time is right to explore how employers can work together to analyze and improve their talent flows. It is USCCF’s hope that such an approach will be mutually agreed upon and executed by employers and result in stronger relationships with education and training providers and improved outcomes for students enrolling in those programs. With better information going into programs, students will be able to make greater use of their educational dollars. Further exploring and executing talent flow analysis serves as a win for all parties involved.
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